Professional Office
For Sale
$675,000
32-5205 W Woodmill Dr, Wilmington, DE 19808
Located within Woodmill Corporate Center, the suite offers access to on-site parking and nearby restaurants.
Property Size3,100 SF
Price / SF$217.74
Days on Market70
Property Features for 32-5205 W Woodmill Dr
General Information
Standard status
Active
Size
3,100 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,868
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Associates - Newark
(302) 453-3200
Listed By:
Daniel Mawn · License #RS-0024255
(302) 396-4079
Source:
Exprealty
Added: Aug 25
Changed: Nov 1
Last Checked: Nov 1 at 10:23AM
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 RE/MAX Associates - Newark
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium is part of Woodmill Corporate Center, an established business setting just off Kirkwood Highway. Floor plans vary by unit; many include a reception and waiting area, private offices, conference space, a kitchen, storage, and a private restroom. On-site parking serves the property, and major transportation routes are accessible nearby.
Multiple office units are expected to be offered, including properties at 5145, 5149, 5201, and 5205 W Woodmill Drive. Some suites have tenants under existing leases, and showings may be arranged outside standard business hours to limit disruption. Unit availability, occupancy, and configurations vary.
Multiple office units are expected to be offered, including properties at 5145, 5149, 5201, and 5205 W Woodmill Drive. Some suites have tenants under existing leases, and showings may be arranged outside standard business hours to limit disruption. Unit availability, occupancy, and configurations vary.
Key Highlights
- Office condominium in Woodmill Corporate Center, just off Kirkwood Highway
- Many units feature reception space, private offices, conference rooms, kitchens, storage, and private restrooms
- On‑site parking and nearby access to major transportation routes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,224
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,480
$844.5K
Cap Rate 7%
$603,200
$603.2K
Cap Rate 9%
$469,156
$469.2K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$69.9K $22.56/SF
− Vacancy
−$13.6K −$4.40/SF
EGI
$56.3K $18.16/SF
− OpEx
−$14.1K −$4.54/SF
NOI
$42.2K $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%
$844,480
Cap Rate 7%
$603,200
Cap Rate 9%
$469,156
Alternative Uses
Best Use
Office B
$603.2K
$527.8K – $703.7K
NOI $42,224 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.5K
$648.8K – $865.1K
NOI $51,904 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
950
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Located within Woodmill Corporate Center, the suite offers access to on-site parking and nearby restaurants.
Where is this office unit located?
The property is located at 32-5205 W Woodmill Dr Wilmington, DE.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Office condominium in Woodmill Corporate Center, just off Kirkwood Highway; Many units feature reception space, private offices, conference rooms, kitchens, storage, and private restrooms; On‑site parking and nearby access to major transportation routes
