Professional Office
For Sale
$325,000
5149 W WOODMILL DRIVE #20, Wilmington, DE 19808
Flexible professional workspace with on-site parking and convenient access to major transportation routes.
Property Size1,500 SF
Price / SF$216.67
Days on Market52
Property Features for 5149 W WOODMILL DRIVE #20
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Building Details
Year Built
1988
Tenancy
Multi
Listing Agency:
RE/MAX Associates - Newark
(302) 453-3200
Listed By:
Daniel Mawn · License #RS-0024255
(302) 396-4079
Source:
Cummingsrealtors
Added: Aug 18
Changed: Oct 6
Last Checked: Oct 7 at 1:46PM
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 approximately 1,500-square-foot office condominium is located within Woodmill Corporate Center, an established professional office community built in 1988. The property offers a flexible office configuration suited to professional business use, with layouts that may include reception and waiting areas, private offices, conference space, kitchen facilities, storage, and private restrooms.
The unit is at 5149 W Woodmill Drive #20 in Wilmington, Delaware, just off Kirkwood Highway. Woodmill Corporate Center provides on-site parking, nearby restaurants, and access to major transportation routes. Multiple office units are being offered within the center, and some units are occupied under existing lease agreements. Unit-specific availability, occupancy, lease terms, and specifications should be confirmed before touring.
The unit is at 5149 W Woodmill Drive #20 in Wilmington, Delaware, just off Kirkwood Highway. Woodmill Corporate Center provides on-site parking, nearby restaurants, and access to major transportation routes. Multiple office units are being offered within the center, and some units are occupied under existing lease agreements. Unit-specific availability, occupancy, lease terms, and specifications should be confirmed before touring.
Key Highlights
- Approximately 1,500‑square‑foot office condominium unit
- Located at 5149 W Woodmill Drive #20, Wilmington, DE 19808
- Woodmill Corporate Center building constructed in 1988
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.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
658
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Flexible professional workspace with on-site parking and convenient access to major transportation routes.
Where is this office units located?
The property is located at 5149 W WOODMILL DRIVE #20 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 condominium unit; Located at 5149 W Woodmill Drive #20, Wilmington, DE 19808; Woodmill Corporate Center building constructed in 1988
