Office Condominium
For Sale
Contact for pricing
2601 Annand Dr, Wilmington, DE 19808
A 1,000-square-foot office unit within a multi-building office and medical complex.
Property Size1,000 SF
Price / SF$195
Days on Market9
Property Features for 2601 Annand Dr
General Information
Standard status
Active
Size
1,000 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
NAI Emory Hill
(302) 322-9500
Listed By:
Rich Dudek
(302) 893-7937
Source:
Moodyscre
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 12 at 8:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Emory Hill
Investment Insights
Based on property information with market context.
This 1,000-square-foot office unit is part of Heritage Professional Plaza, a multi-building office condominium complex serving office and medical uses. Surface parking is available on site.
The plaza sits between Newark, Pike Creek and Elsmere, Delaware, with access seconds from Kirkwood Highway (Route 2). Other nearby routes include 7, 72, 41, 141 and 48, with Interstate 95 and Route 1 also in proximity.
The plaza sits between Newark, Pike Creek and Elsmere, Delaware, with access seconds from Kirkwood Highway (Route 2). Other nearby routes include 7, 72, 41, 141 and 48, with Interstate 95 and Route 1 also in proximity.
Key Highlights
- 1,000‑square‑foot office condominium unit
- Part of a multi‑building office and medical complex
- Surface parking on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,621
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,420
$272.4K
Cap Rate 7%
$194,586
$194.6K
Cap Rate 9%
$151,344
$151.3K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$22.6K $22.56/SF
− Vacancy
−$4.4K −$4.40/SF
EGI
$18.2K $18.16/SF
− OpEx
−$4.5K −$4.54/SF
NOI
$13.6K $13.62/SF
Area
New Castle County, DE
Vacancy
19.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,420
Cap Rate 7%
$194,586
Cap Rate 9%
$151,344
Alternative Uses
Best Use
Office B
$194.6K
$170.3K – $227.0K
NOI $13,621 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$239.2K
$209.3K – $279.1K
NOI $16,743 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 19808, DE
39,285
Population
16,037
Households
2.4
Avg Household Size
44
Median Age
41%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,847
Density / Sq Mi
$92,883
Median Household Income
$53,084
Median Earnings
$1,357
Median Rent
$309,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - A 1,000-square-foot office unit within a multi-building office and medical complex.
Where is this office units located?
The property is located at 2601 Annand Dr Wilmington, DE.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,000‑square‑foot office condominium unit; Part of a multi‑building office and medical complex; Surface parking on site
