Three-Level Office
New
For Sale
$450,000
5207 W WOODMILL DR #34 34, Wilmington, DE 19808
Vacant office space in Woodmill Corporate Center includes on-site parking and access to major transportation routes.
Property Size2,936 SF
Price / SF$153.27
Days on Market6
Property Features for 5207 W WOODMILL DR #34 34
General Information
Standard status
Active
Size
2,936 SF
Listing Agency:
Patterson-Schwartz-Hockessin
(302) 239-3000
Listed By:
Kenneth W DiAmbrosio · License #R30019673
(302) 388-9802
Source:
Towncentermd
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 12 at 7:46PM
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 Patterson-Schwartz-Hockessin
Investment Insights
Based on property information with market context.
This office condominium offers approximately 2,936 square feet across three levels: a main floor, an upper level, and a basement. The unit has been freshly painted, the carpets have been cleaned, and it is vacant for immediate occupancy or sale.
Located in Woodmill Corporate Center just off Kirkwood Highway, the property has on-site parking and access to major transportation routes. Restaurants are nearby, within an established office community.
Located in Woodmill Corporate Center just off Kirkwood Highway, the property has on-site parking and access to major transportation routes. Restaurants are nearby, within an established office community.
Key Highlights
- Approximately 2,936 square feet across three levels
- Main floor, upper level, and basement configuration
- Fresh paint and cleaned carpets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,990
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,800
$799.8K
Cap Rate 7%
$571,286
$571.3K
Cap Rate 9%
$444,333
$444.3K
Market Conditions
NOI Build-Up for 2,936 SF
Gross rent
$66.2K $22.56/SF
− Vacancy
−$12.9K −$4.40/SF
EGI
$53.3K $18.16/SF
− OpEx
−$13.3K −$4.54/SF
NOI
$40.0K $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%
$799,800
Cap Rate 7%
$571,286
Cap Rate 9%
$444,333
Alternative Uses
Best Use
Office B
$571.3K
$499.9K – $666.5K
NOI $39,990 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$702.3K
$614.5K – $819.3K
NOI $49,159 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Vacant office space in Woodmill Corporate Center includes on-site parking and access to major transportation routes.
Where is this office units located?
The property is located at 5207 W WOODMILL DR #34 34 Wilmington, DE.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 2,936 square feet across three levels; Main floor, upper level, and basement configuration; Fresh paint and cleaned carpets
