Professional Office
For Sale
$675,000
5205 W Woodmill Dr Unit 32, Wilmington, DE 19808
Established office setting with flexible layouts, private work areas, conference space, kitchen facilities, storage, and restrooms.
Property Size3,119 SF
Price / SF$216.42
Days on Market48
Property Features for 5205 W Woodmill Dr Unit 32
General Information
Standard status
Active
Size
3,119 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1988
Tenancy
Multi
Listing Agency:
RE/MAX Associates - Newark
Listed By:
Daniel Mawn · License #RS-0024255
(302) 396-4079
Source:
Diamondhomesteam
Added: Sep 4
Changed: Oct 6
Last Checked: Oct 7 at 1:26PM
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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Investment Insights
Based on property information with market context.
This office condominium offering is located at 5205 W Woodmill Dr Unit 32 within Woodmill Corporate Center. The center dates to 1988 and includes office configurations designed for professional use, with layouts that may include reception areas, private offices, conference rooms, kitchens, storage, and private restrooms.
The property sits just off Kirkwood Highway, with access to major transportation routes, nearby restaurants, and on-site parking. Multiple units are being offered across the corporate center, and some may remain occupied under existing lease agreements. Available unit details and occupancy conditions vary by suite.
The property sits just off Kirkwood Highway, with access to major transportation routes, nearby restaurants, and on-site parking. Multiple units are being offered across the corporate center, and some may remain occupied under existing lease agreements. Available unit details and occupancy conditions vary by suite.
Key Highlights
- Office condominium at 5205 W Woodmill Dr Unit 32
- Woodmill Corporate Center was built in 1988
- Just off Kirkwood Highway with access to major transportation routes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,483
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,660
$849.7K
Cap Rate 7%
$606,900
$606.9K
Cap Rate 9%
$472,033
$472.0K
Market Conditions
NOI Build-Up for 3,119 SF
Gross rent
$70.4K $22.56/SF
− Vacancy
−$13.7K −$4.40/SF
EGI
$56.6K $18.16/SF
− OpEx
−$14.2K −$4.54/SF
NOI
$42.5K $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%
$849,660
Cap Rate 7%
$606,900
Cap Rate 9%
$472,033
Alternative Uses
Best Use
Office B
$606.9K
$531.0K – $708.1K
NOI $42,483 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$746.0K
$652.8K – $870.4K
NOI $52,223 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Established office setting with flexible layouts, private work areas, conference space, kitchen facilities, storage, and restrooms.
Where is this office unit located?
The property is located at 5205 W Woodmill Dr Unit 32 Wilmington, DE.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Office condominium at 5205 W Woodmill Dr Unit 32; Woodmill Corporate Center was built in 1988; Just off Kirkwood Highway with access to major transportation routes
