Industrial Flex Property with
6521-6523 Governor Printz Blvd, Wilmington, DE 19809
For Sale
Contact for pricing
Includes offices, a reception area, break room, bathrooms, and shop, warehouse, and storage space.
Property Size12,150 SF
Lot Size1.53 Acres
Price / SF$0.00
Days on Market49
Property Features for 6521-6523 Governor Printz Blvd
General Information
Standard status
Size
Lot size
Property subtype
Lease Term
Site & Location
Highway Access
Fenced Yard
Outdoor Storage
Amenities
break room
reception area
Building Details
Building Size
Year Built
Properties For Sale
at 6521-6523 Governor Printz Blvd
6521-6523 Governor Printz Blvd
Size
12,150 SF
Term
Negotiable
Listing Agency:
LMT Commercial Realty / CORFAC International
Listed By:
Chris Moore, CCIM
(302) 414-1000
Source:
Lmtcre
Added: Sep 19
Changed: Oct 26
Last Checked: Nov 6 at 5:25AM
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.
Built in 2009, this industrial flex property contains approximately 12,150 +/- SF across office, shop, warehouse, and storage areas. The interior includes 3-4 offices, two bathrooms, a break room, and a reception area, providing a mix of administrative and operational space within one building.
The property consists of two parcels at 6521-6523 Governor Printz Blvd in Wilmington, Delaware, totaling 1.53 +/- acres. Approximately 1.25 +/- acres of exterior lay-down space accompanies the building, along with a fenced storage yard. The site is positioned on Governor Printz Blvd with visibility from I-495, which carries approximately 72,272 +/- vehicles per day.
The property consists of two parcels at 6521-6523 Governor Printz Blvd in Wilmington, Delaware, totaling 1.53 +/- acres. Approximately 1.25 +/- acres of exterior lay-down space accompanies the building, along with a fenced storage yard. The site is positioned on Governor Printz Blvd with visibility from I-495, which carries approximately 72,272 +/- vehicles per day.
Key Highlights
- 12,150 +/- SF building constructed in 2009
- Two parcels totaling 1.53 +/- acres
- 1.25 +/- acres of exterior lay‑down space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,508
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,160
$1.4M
Cap Rate 7%
$978,686
$978.7K
Cap Rate 9%
$761,200
$761.2K
Market Conditions
NOI Build-Up for 12,150 SF
Gross rent
$109.4K $9.00/SF
− Vacancy
−$11.5K −$0.95/SF
EGI
$97.9K $8.06/SF
− OpEx
−$29.4K −$2.42/SF
NOI
$68.5K $5.64/SF
Area
New Castle County, DE
Vacancy
10.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,160
Cap Rate 7%
$978,686
Cap Rate 9%
$761,200
Alternative Uses
Best Use
Flex RnD
$1.65M
$1.44M – $1.92M
NOI $115,330 @ 7.0% cap · market cap 823,785.71%
Second Best
Warehouse
$1.35M
$1.18M – $1.58M
NOI $94,633 @ 7.0% cap · market cap 675,950.00%
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,432 @ 7.0% cap · market cap 1,453,085.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19809, DE
14,658
Population
6,531
Households
2.2
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
2,156
Density / Sq Mi
$85,988
Median Household Income
$56,266
Median Earnings
$1,373
Median Rent
$308,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in New Castle County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Aramark — Silverside Rd, Wilmington, DE 19801
Frequently Asked Questions
What type of property is this?
Flex space - Includes offices, a reception area, break room, bathrooms, and shop, warehouse, and storage space.
Where is this flex space located?
The property is located at 6521-6523 Governor Printz Blvd Wilmington, DE.
What are key features of this property?
This property features: 12,150 +/- SF building constructed in 2009; Two parcels totaling 1.53 +/- acres; 1.25 +/- acres of exterior lay‑down space
