Flexible-Layout Office
5205 W WOODMILL Drive, Wilmington, DE 19808
For Sale
$675,000
Commercial Sale, WILMINGTON, DE
Property Size3,100 SF
Price / SF$217.74
Days on Market76
Property Features for 5205 W WOODMILL Drive
General Information
Property type
Property subtype
Parking
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
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
Changed: Oct 23
Last Checked: Nov 8 at 9:06AM
MLS# DENC2109816
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 offering includes professional office condominium units at Woodmill Corporate Center, including a specific suite of approximately 3,100 square feet. Interior configurations vary, with examples incorporating reception areas, private offices, conference rooms, kitchens, storage, and private restrooms. Several units are occupied under existing lease agreements, and individual availability and specifications vary.
The property is located at 5205 W Woodmill Drive in Wilmington, Delaware, near Kirkwood Highway. On-site parking, central air, heat pump and forced-air heating, and a 1988 construction date are documented for the property. Brick and vinyl siding are among the construction materials, with mixed plumbing also noted. Additional office condominium addresses at 5145, 5149, and 5201 W Woodmill Drive are also identified as available.
The property is located at 5205 W Woodmill Drive in Wilmington, Delaware, near Kirkwood Highway. On-site parking, central air, heat pump and forced-air heating, and a 1988 construction date are documented for the property. Brick and vinyl siding are among the construction materials, with mixed plumbing also noted. Additional office condominium addresses at 5145, 5149, and 5201 W Woodmill Drive are also identified as available.
Key Highlights
- Approximately 3,100‑square‑foot office suite
- Office condominium units at Woodmill Corporate Center
- Several units occupied under existing lease agreements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,224
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,480
$844.5K
Cap Rate 7%
$603,200
$603.2K
Cap Rate 9%
$469,156
$469.2K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$69.9K $22.56/SF
− Vacancy
−$13.6K −$4.40/SF
EGI
$56.3K $18.16/SF
− OpEx
−$14.1K −$4.54/SF
NOI
$42.2K $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%
$844,480
Cap Rate 7%
$603,200
Cap Rate 9%
$469,156
Alternative Uses
Best Use
Office B
$603.2K
$527.8K – $703.7K
NOI $42,224 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.5K
$648.8K – $865.1K
NOI $51,904 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
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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
$309,700
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Wilmington, DE
Properties on Market for Office Units in Wilmington
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office condominiums offer adaptable suites with parking and access to major transportation routes.
Where is this office unit located?
The property is located at 5205 W WOODMILL Drive 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: Approximately 3,100‑square‑foot office suite; Office condominium units at Woodmill Corporate Center; Several units occupied under existing lease agreements
