End-Unit Office
For Sale
$745,000
5201 W WOODMILL DR #31 31, Wilmington, DE 19808
Professional office condominium with flexible floor plans, on-site parking, and access to major transportation routes.
Property Size3,450 SF
Price / SF$215.94
Days on Market48
Property Features for 5201 W WOODMILL DR #31 31
General Information
Standard status
Active
Size
3,450 SF
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Associates - Newark
(302) 453-3200
Listed By:
Daniel Mawn · License #RS-0024255
(302) 396-4079
Source:
Imanirealtors
Added: Sep 4
Changed: Oct 13
Last Checked: Oct 20 at 8:34PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 3,450-square-foot end-unit office condominium is part of Woodmill Corporate Center, an established professional office community. The property is configured for business use, with flexible planning that can accommodate reception and waiting areas, private offices, conference space, kitchen facilities, storage, and private restrooms. Multiple office condominium units are being offered for sale, with individual specifications varying by unit.
The property is located just off Kirkwood Highway in Wilmington, with convenient access to major transportation routes, nearby restaurants, and on-site parking. Several available units are occupied under existing lease agreements, making occupancy and lease details relevant to evaluating individual offerings. Additional units at 5145, 5149, 5201, and 5205 W Woodmill Drive are also available for sale.
The property is located just off Kirkwood Highway in Wilmington, with convenient access to major transportation routes, nearby restaurants, and on-site parking. Several available units are occupied under existing lease agreements, making occupancy and lease details relevant to evaluating individual offerings. Additional units at 5145, 5149, 5201, and 5205 W Woodmill Drive are also available for sale.
Key Highlights
- Approximately 3,450‑square‑foot end‑unit office condominium
- Flexible office layouts with private offices and conference space
- Reception, waiting, kitchen, storage, and private restroom areas offered in many units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,991
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,820
$939.8K
Cap Rate 7%
$671,300
$671.3K
Cap Rate 9%
$522,122
$522.1K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$77.8K $22.56/SF
− Vacancy
−$15.2K −$4.40/SF
EGI
$62.7K $18.16/SF
− OpEx
−$15.7K −$4.54/SF
NOI
$47.0K $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%
$939,820
Cap Rate 7%
$671,300
Cap Rate 9%
$522,122
Alternative Uses
Best Use
Office B
$671.3K
$587.4K – $783.2K
NOI $46,991 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$825.2K
$722.1K – $962.8K
NOI $57,765 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
267
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 - Professional office condominium with flexible floor plans, on-site parking, and access to major transportation routes.
Where is this office unit located?
The property is located at 5201 W WOODMILL DR #31 31 Wilmington, DE.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Approximately 3,450‑square‑foot end‑unit office condominium; Flexible office layouts with private offices and conference space; Reception, waiting, kitchen, storage, and private restroom areas offered in many units
