Professional Office Condominium
5145 W WOODMILL DRIVE #22 Wilmington, DE 19808
For Sale
$325,000
Flexible office suite with reception, private offices, conference space, kitchen, storage, and private restrooms in Woodmill Corporate Center.
Property Size1,500 SF
Price / SF$216.67
Days on Market14
Property Features for 5145 W WOODMILL DRIVE #22
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
RE/MAX Associates - Newark
(302) 396-4079
Listed By:
Daniel Mawn · License #RS-0024255
(302) 396-4079
Source:
Cummingsrealtors
Added: Jul 16
Changed: Jul 26
Last Checked: Jul 29 at 5:57AM
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
Investment Insights
Based on property information with market context.
This professional office condominium suite is located within the Woodmill Corporate Center and offers a flexible floor plan suited for productive, professional use. The approximately 1,500-square-foot layout may include reception and waiting areas, multiple private offices, conference space, kitchen facilities, storage areas, and private restrooms, with room to accommodate different office configurations.
The property sits just off Kirkwood Highway within an established office community, supported by ample on-site parking and convenient access to major transportation routes. Several units are currently occupied under existing lease agreements, so showings are limited and, when possible, scheduled after normal business hours to minimize disruption. Please note that listing photographs may have been taken while units were vacant and may not reflect current tenant occupancy, furnishings, or configurations.
Additional office condominiums at 5149, 5201, and 5205 W Woodmill Drive are also available for sale.
The property sits just off Kirkwood Highway within an established office community, supported by ample on-site parking and convenient access to major transportation routes. Several units are currently occupied under existing lease agreements, so showings are limited and, when possible, scheduled after normal business hours to minimize disruption. Please note that listing photographs may have been taken while units were vacant and may not reflect current tenant occupancy, furnishings, or configurations.
Additional office condominiums at 5149, 5201, and 5205 W Woodmill Drive are also available for sale.
Key Highlights
- Approximately 1,500 SF professional office suite in Woodmill Corporate Center (built 1988)
- Suite layout includes reception/waiting area, multiple private offices, conference space, kitchen, storage, and private restrooms
- Ample on‑site parking and convenient access to major transportation routes
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $22.56 |
| − Vacancy | −$6.6k | −$4.40 |
| EGI | $27.2k | $18.16 |
| − OpEx | −$6.8k | −$4.54 |
| NOI | $20.4k | $13.62 |
1,500 SF · lease $22.56/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$291.9K
$255.4K – $340.5K
NOI $20,431 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.8K
$313.9K – $418.6K
NOI $25,115 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Flexible office suite with reception, private offices, conference space, kitchen, storage, and private restrooms in Woodmill Corporate Center.
Where is this office units located?
The property is located at 5145 W WOODMILL DRIVE #22 Wilmington, DE.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Approximately 1,500 SF professional office suite in Woodmill Corporate Center (built 1988); Suite layout includes reception/waiting area, multiple private offices, conference space, kitchen, storage, and private restrooms; Ample on‑site parking and convenient access to major transportation routes
