Three-Level Office
For Sale
$450,000
5207 W Woodmill Dr #34, Wilmington, DE 19808
Vacant professional office unit with refreshed finishes and on-site parking.
Property Size2,936 SF
Price / SF$153.27
Days on Market47
Property Features for 5207 W Woodmill Dr #34
General Information
Standard status
Active
Size
2,936 SF
Property subtype
Commercial
Additional Details
Floor
Main Level, Upstairs, Basement
Highway Access
Yes
Office Units
1
Building Details
Year Built
1988
Owner Occupied
No
Listed By:
Jeffrey Fowler Group
(302) 727-3013
Source:
Jeffreyfowler
Added: Sep 1
Changed: Oct 3
Last Checked: Oct 16 at 8:16AM
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 Jeffrey Fowler Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium at 5207 W Woodmill Dr #34 provides approximately 2,936 square feet across three levels: a main floor, upper level, and basement. The space was recently painted, the carpets have been cleaned, and the unit is vacant for an immediate sale. Built in 1988, it offers a ready-to-occupy commercial layout within Woodmill Corporate Center.
The property is located just off Kirkwood Highway in Wilmington, with convenient access to major transportation routes and nearby restaurants. On-site parking and the established office setting support a range of professional, medical, consulting, and service-oriented business uses.
The property is located just off Kirkwood Highway in Wilmington, with convenient access to major transportation routes and nearby restaurants. On-site parking and the established office setting support a range of professional, medical, consulting, and service-oriented business uses.
Key Highlights
- Approximately 2,936 square feet of office space
- Three separate levels: main level, upstairs, and basement
- Freshly painted with professionally 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Vacant professional office unit with refreshed finishes and on-site parking.
Where is this office units located?
The property is located at 5207 W Woodmill Dr #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 of office space; Three separate levels: main level, upstairs, and basement; Freshly painted with professionally cleaned carpets
