Office Condominium
5145 W WOODMILL Drive Wilmington, DE 19808
New
5145 W WOODMILL Drive, Wilmington, DE, 19808
$325,000
For Sale
$325,000
Commercial Sale - WILMINGTON, DE
Property Size1,500 SF
Price / SF$216.67
Days on Market2
Property Features for 5145 W WOODMILL Drive
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 20
- Parking features
- Parking Lot
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 1868
Utilities
- Heating system
- Forced Air, Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Number of units
- 1
- Building materials
- Brick, Mixed Plumbing, Vinyl Siding
Listing Agency
RE/MAX Associates - Newark
(302) 453-3200
228 Suburban Drive, Hockessin, DE
Listed by
Daniel Mawn · License #RS-0024255
(302) 396-4079
Added: Jul 20 Checked: Jul 21 at 3:06 am
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.
Investment Insights
Based on property information with market context.
This for-sale office condominium suite is offered within Woodmill Corporate Center, located just off Kirkwood Highway. The space is approximately 1,500 square feet and provides a flexible office layout designed for professional use. Many units in the community include reception and waiting areas, multiple private offices, conference space, kitchen facilities, storage areas, and private restrooms, and this offering may include similar buildout features.
Several units are currently occupied under existing lease agreements, so showings are limited and are scheduled, whenever possible, 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 details regarding lease terms, occupancy status, and individual unit specifications are available upon request. Other office condominium units at 5149, 5201, and 5205 W Woodmill Drive are also available for sale.
Several units are currently occupied under existing lease agreements, so showings are limited and are scheduled, whenever possible, 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 details regarding lease terms, occupancy status, and individual unit specifications are available upon request. Other office condominium units at 5149, 5201, and 5205 W Woodmill Drive are also available for sale.
Key Highlights
- Professional office condominium(s) in Woodmill Corporate Center just off Kirkwood Highway
- Approximately 1,500 SF office suite with flexible floor plan for professional use
- Multiple units have reception/waiting areas, private offices, conference space, kitchen facilities, storage, and private restrooms
Local Financial Insights For Healthcare Medical
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 | $41.2k | $27.48 |
| − Vacancy | −$5.2k | −$3.44 |
| EGI | $36.1k | $24.05 |
| − OpEx | −$14.4k | −$9.62 |
| NOI | $21.6k | $14.43 |
1,500 SF · lease $27.48/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$309.2K
$270.5K – $360.7K
NOI $21,641 @ 7.0% cap · market cap 6.66%
Second Best
Office B
$291.9K
$255.4K – $340.5K
NOI $20,431 @ 7.0% cap · market cap 6.29%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Griswold Home Care ...
Home Health Care Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Approximately 1,500-square-foot professional office suite in Woodmill Corporate Center, with flexible floor plan features and on-site parking.
Where is this office units 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: Professional office condominium(s) in Woodmill Corporate Center just off Kirkwood Highway; Approximately 1,500 SF office suite with flexible floor plan for professional use; Multiple units have reception/waiting areas, private offices, conference space, kitchen facilities, storage, and private restrooms
