End-Unit Office
For Sale
$745,000
5201 W WOODMILL Drive, Wilmington, DE 19808
Commercial Sale, WILMINGTON, DE
Property Size3,450 SF
Price / SF$215.94
Days on Market52
Property Features for 5201 W WOODMILL Drive
General Information
Property type
Other
Property subtype
Office
Parking
20
Parking features
Parking Lot
Subdivision
WOODMILL
Elementary school district
RED CLAY CONSOLIDATED
Middle school district
RED CLAY CONSOLIDATED
High school district
RED CLAY CONSOLIDATED
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
1868
Utilities
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Central Air
Amenities
reception and waiting areas
multiple private offices
conference space
kitchen facilities
storage areas
private restrooms
Building Details
Year built
1988
Number of units
1
Building materials
Brick, Mixed Plumbing, Vinyl Siding
Listing Agency:
RE/MAX Associates - Newark · RE/MAX International
(302) 453-3200
Listed By:
Daniel Mawn · License #RS-0024255
(302) 396-4079
Added: Aug 25
Last Checked: Oct 15 at 9:06PM
MLS# DENC2109814
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 end-unit office condominium at 5201 W Woodmill Drive contains approximately 3,450 square feet and was built in 1988. The office layout is designed for professional use, with flexible configuration potential and features that may include reception and waiting areas, private offices, conference space, kitchen facilities, storage, and private restrooms. Construction includes brick and vinyl siding, with central air and heat pump and forced-air heating systems.
The property is part of Woodmill Corporate Center, an established office community near Kirkwood Highway in Wilmington. Restaurants are located nearby, and the center provides on-site parking with convenient access to major transportation routes. Some units in the center are occupied under existing lease agreements, so current availability, occupancy, lease terms, and unit-specific details should be confirmed for this offering.
The property is part of Woodmill Corporate Center, an established office community near Kirkwood Highway in Wilmington. Restaurants are located nearby, and the center provides on-site parking with convenient access to major transportation routes. Some units in the center are occupied under existing lease agreements, so current availability, occupancy, lease terms, and unit-specific details should be confirmed for this offering.
Key Highlights
- Approximately 3,450‑square‑foot end‑unit office condominium
- Located at 5201 W Woodmill Drive in Wilmington, DE 19808
- Woodmill Corporate Center office setting near Kirkwood Highway
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.
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Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
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
Frequently Asked Questions
What type of property is this?
Office units - Office condominium in a professional business center with on-site parking and access to major transportation routes.
Where is this office units located?
The property is located at 5201 W WOODMILL Drive 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; Located at 5201 W Woodmill Drive in Wilmington, DE 19808; Woodmill Corporate Center office setting near Kirkwood Highway
