Three-Level Office
For Sale
$450,000
34-5207 W Woodmill Dr, Wilmington, DE 19808
Vacant, freshly refreshed workspace with on-site parking and access to major transportation routes.
Property Size2,936 SF
Price / SF$153.27
Days on Market53
Property Features for 34-5207 W Woodmill Dr
General Information
Standard status
Active
Size
2,936 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Owner Occupied
No
Listing Agency:
Patterson-Schwartz-Hockessin
(302) 239-3000
Listed By:
Kenneth W DiAmbrosio · License #R30019673
(302) 388-9802
Source:
Exprealty
Added: Aug 31
Changed: Oct 14
Last Checked: Oct 20 at 9:13PM
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 Patterson-Schwartz-Hockessin
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 condo provides approximately 2, 936 square-feet across three levels: a main floor, an upper level, and a basement. The suite has been freshly painted, the carpeting has been cleaned, and the space is vacant for an immediate sale.
Located at Woodmill Corporate Center just off Kirkwood Highway, the property offers on-site parking, nearby restaurants, and convenient connections to major transportation routes. The office setting is suited to professional, medical, consulting, and service-oriented businesses seeking space within an established corporate center in Wilmington.
Located at Woodmill Corporate Center just off Kirkwood Highway, the property offers on-site parking, nearby restaurants, and convenient connections to major transportation routes. The office setting is suited to professional, medical, consulting, and service-oriented businesses seeking space within an established corporate center in Wilmington.
Key Highlights
- Approximately 2, 936 square‑feet of office space
- Three separate levels: main level, upstairs, and basement
- Freshly painted with professionally cleaned carpets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,990
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,800
$799.8K
Cap Rate 7%
$571,286
$571.3K
Cap Rate 9%
$444,333
$444.3K
Market Conditions
NOI Build-Up for 2,936 SF
Gross rent
$66.2K $22.56/SF
− Vacancy
−$12.9K −$4.40/SF
EGI
$53.3K $18.16/SF
− OpEx
−$13.3K −$4.54/SF
NOI
$40.0K $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%
$799,800
Cap Rate 7%
$571,286
Cap Rate 9%
$444,333
Alternative Uses
Best Use
Office B
$571.3K
$499.9K – $666.5K
NOI $39,990 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$702.3K
$614.5K – $819.3K
NOI $49,159 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
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 - Vacant, freshly refreshed workspace with on-site parking and access to major transportation routes.
Where is this office unit located?
The property is located at 34-5207 W Woodmill Dr Wilmington, DE.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 2, 936 square‑feet of office space; Three separate levels: main level, upstairs, and basement; Freshly painted with professionally cleaned carpets
