Medical Office Suite with Treatment
For Sale
Contact for pricing
5309 Limestone Rd, Wilmington, DE 19808
Configured with private rooms, reception space, ADA-compliant restrooms, and on-site parking for healthcare operations.
Property Size6,026 SF
Price / SF$0.01
Days on Market50
Property Features for 5309 Limestone Rd
General Information
Standard status
Active
Size
6,026 SF
Class
B
Property subtype
Office
Lease Term
MG
Building Details
Building Size
6,026 SF
Year Built
1992
Properties For Sale
at 5309 Limestone Rd
Suite A
Size
2,658 SF
Term
Negotiable
Listing Agency:
LMT Commercial Realty / CORFAC International
Listed By:
Zach Rempfer · License #DE #RS-0024380
(302) 414-1000
Source:
Lmtcre
Added: Sep 18
Changed: Nov 3
Last Checked: Nov 6 at 6:04AM
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 LMT Commercial Realty / CORFAC International
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Investment Insights
Based on property information with market context.
This 2,658 +/- SF medical office suite, built in 1992, provides a healthcare-oriented layout with seven treatment rooms or private offices. The interior also includes a reception and waiting area, conference room, lab room, break room, and two ADA-compliant restrooms. On-site parking supports patient and staff access.
Located at 5309 Limestone Road in Wilmington, the property occupies the corner of Limestone Road and Stoney Batter Road within the Pike Creek professional corridor. Limestone Road carries 25,519 AADT, while Stoney Batter Road records 10,089 AADT. The configuration is suited to physical therapy, rehabilitation, chiropractic, and related healthcare practices.
Located at 5309 Limestone Road in Wilmington, the property occupies the corner of Limestone Road and Stoney Batter Road within the Pike Creek professional corridor. Limestone Road carries 25,519 AADT, while Stoney Batter Road records 10,089 AADT. The configuration is suited to physical therapy, rehabilitation, chiropractic, and related healthcare practices.
Key Highlights
- 2,658 +/- SF medical office suite built in 1992
- Seven treatment rooms or private offices
- Corner location at Limestone Road and Stoney Batter Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,204
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,080
$724.1K
Cap Rate 7%
$517,200
$517.2K
Cap Rate 9%
$402,267
$402.3K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$60.0K $22.56/SF
− Vacancy
−$11.7K −$4.40/SF
EGI
$48.3K $18.16/SF
− OpEx
−$12.1K −$4.54/SF
NOI
$36.2K $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%
$724,080
Cap Rate 7%
$517,200
Cap Rate 9%
$402,267
Alternative Uses
Best Use
Healthcare Medical
$547.8K
$479.3K – $639.1K
NOI $38,347 @ 7.0% cap · market cap 153,388.00%
Second Best
Office B
$517.2K
$452.6K – $603.4K
NOI $36,204 @ 7.0% cap · market cap 144,816.00%
Theoretical Best
Office A
$635.8K
$556.3K – $741.7K
NOI $44,504 @ 7.0% cap · market cap 178,016.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Under-served
Demand for This Use
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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
Properties on Market for Medical Office Space in New Castle County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Lindsey Ethel DVM — Wilmington, DE 19808
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with private rooms, reception space, ADA-compliant restrooms, and on-site parking for healthcare operations.
Where is this medical office space located?
The property is located at 5309 Limestone Rd Wilmington, DE.
What are key features of this property?
This property features: 2,658 +/- SF medical office suite built in 1992; Seven treatment rooms or private offices; Corner location at Limestone Road and Stoney Batter Road
