Professional Office
5145 W WOODMILL Drive, Wilmington, DE 19808
For Sale
$325,000
Commercial Sale, WILMINGTON, DE
Property Size1,500 SF
Price / SF$216.67
Days on Market112
Property Features for 5145 W WOODMILL Drive
General Information
Property type
Property subtype
Parking
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
reception area
waiting area
private offices
conference space
kitchen facilities
storage areas
private restrooms
Building Details
Year built
Number of units
Building materials
Listing Agency:
RE/MAX Associates - Newark · RE/MAX International
(302) 453-3200
Listed By:
Daniel Mawn · License #RS-0024255
(302) 396-4079
Added: Jul 20
Changed: Oct 23
Last Checked: Nov 8 at 9:06AM
MLS# DENC2105340
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office condominium offering is located within Woodmill Corporate Center and includes suites of approximately 1,500 square feet. Interior configurations may include reception and waiting areas, private offices, conference rooms, kitchen facilities, storage, and private restrooms. The property was built in 1988 and features brick and vinyl siding, forced-air and heat-pump heating, central air conditioning, and a dedicated parking lot.
The center sits just off Kirkwood Highway in Wilmington, with access to major transportation routes and nearby restaurants. Available addresses include 5145, 5149, 5201, and 5205 W Woodmill Drive. Several units are occupied under existing lease agreements, so availability, occupancy, lease terms, and individual suite specifications may vary. Showings are scheduled in coordination with current occupants, with after-hours appointments used when possible.
The center sits just off Kirkwood Highway in Wilmington, with access to major transportation routes and nearby restaurants. Available addresses include 5145, 5149, 5201, and 5205 W Woodmill Drive. Several units are occupied under existing lease agreements, so availability, occupancy, lease terms, and individual suite specifications may vary. Showings are scheduled in coordination with current occupants, with after-hours appointments used when possible.
Key Highlights
- Approximately 1,500‑square‑foot office suites
- Reception areas, private offices, conference rooms, kitchens, storage, and private restrooms may be included
- 5145, 5149, 5201, and 5205 W Woodmill Drive available for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,431
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,620
$408.6K
Cap Rate 7%
$291,871
$291.9K
Cap Rate 9%
$227,011
$227.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$33.8K $22.56/SF
− Vacancy
−$6.6K −$4.40/SF
EGI
$27.2K $18.16/SF
− OpEx
−$6.8K −$4.54/SF
NOI
$20.4K $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%
$408,620
Cap Rate 7%
$291,871
Cap Rate 9%
$227,011
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
576
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
$309,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Wilmington, DE
Properties on Market for Office Units in Wilmington
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office condominiums provide flexible layouts, private work areas, meeting space, and on-site parking for professional business operations.
Where is this office unit located?
The property is located at 5145 W WOODMILL Drive 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‑square‑foot office suites; Reception areas, private offices, conference rooms, kitchens, storage, and private restrooms may be included; 5145, 5149, 5201, and 5205 W Woodmill Drive available for sale
