Flexible Office
800 N King St, Wilmington, DE 19801
For Sale
Contact for pricing
Office suites provide ready-to-occupy and build-to-suit configurations with updated building systems and controlled access.
Property Size109,012 SF
Days on Market51
Property Features for 800 N King St
General Information
Standard status
Size
Class
Property subtype
Lease Term
Amenities
high-speed internet
updated HVAC systems
secure entry
24/7 building access
Building Details
Building Size
Year Built
Properties For Sale
at 800 N King St Contact usFloor #4
Size
15,470 SF
Term
Negotiable
Floor #5
Size
15,470 SF
Term
Negotiable
Suite #201
Size
1,376 SF
Term
Negotiable
Suite #308
Size
736 SF
Term
Negotiable
Listed By:
Joseph Latina, SIOR
(302) 414-1000
Source:
Lmtcre
Added: Sep 18
Changed: Oct 25
Last Checked: Nov 6 at 6:34AM
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 Joseph Latina, SIOR
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Investment Insights
Based on property information with market context.
This office property, built in 1972, offers multiple suite configurations for businesses seeking either a ready-to-occupy workspace or a customized build-out. Build-to-suit options are available on the fourth and fifth floors, providing additional flexibility within the building. Updated HVAC, high-speed internet, secure entry, and 24/7 building access support day-to-day office operations.
Located at 800 N King St in Downtown Wilmington, the property offers access to major transportation routes and is near dining, retail, and professional services. On-site parking is available for tenants and visitors, adding practical convenience for daily users and guests.
Located at 800 N King St in Downtown Wilmington, the property offers access to major transportation routes and is near dining, retail, and professional services. On-site parking is available for tenants and visitors, adding practical convenience for daily users and guests.
Key Highlights
- Build‑to‑suit options available on the fourth and fifth floors
- Move‑in‑ready office suites offered
- Updated HVAC systems and high‑speed internet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,484,809
Suggested Prices Based on Cap Rates
Cap Rate 5%
$29,696,180
$29.7M
Cap Rate 7%
$21,211,557
$21.2M
Cap Rate 9%
$16,497,878
$16.5M
Market Conditions
NOI Build-Up for 109,012 SF
Gross rent
$2.46M $22.56/SF
− Vacancy
−$479.6K −$4.40/SF
EGI
$1.98M $18.16/SF
− OpEx
−$494.9K −$4.54/SF
NOI
$1.48M $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%
$29,696,180
Cap Rate 7%
$21,211,557
Cap Rate 9%
$16,497,878
Alternative Uses
Best Use
Office B
$21.21M
$18.56M – $24.75M
NOI $1,484,809 @ 7.0% cap · market cap 6,186,704.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.07M
$22.82M – $30.42M
NOI $1,825,227 @ 7.0% cap · market cap 7,605,112.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,493
Businesses Nearby
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Business Placement
Demographics for 19801, DE
16,219
Population
9,390
Households
1.7
Avg Household Size
34
Median Age
26%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
3,686
Density / Sq Mi
$44,505
Median Household Income
$36,684
Median Earnings
$1,126
Median Rent
$196,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Office suites provide ready-to-occupy and build-to-suit configurations with updated building systems and controlled access.
Where is this office unit located?
The property is located at 800 N King St Wilmington, DE.
What are key features of this property?
This property features: Build‑to‑suit options available on the fourth and fifth floors; Move‑in‑ready office suites offered; Updated HVAC systems and high‑speed internet
