Renovated Office/Professional
907 S College Ave Newark, DE 19713
For Sale
Contact for pricing
Office/professional building renovated to code in 2005 on a 2/3-acre site with a DelDot-approved entrance.
Property Size2,955 SF
Lot Size0.67 Acres
Price / SF$235.19
Days on Market23
Property Features for 907 S College Ave
General Information
Standard status
Active
Size
2,955 SF
Lot size
0.67 Acres
Property subtype
OFFICE
Listing Agency:
Patterson Woods Commercial Properties
(302) 559-9585
Listed By:
Dan Lesher
(302) 559-9585
Source:
Moodyscre
Added: Jul 7
Changed: Jul 26
Last Checked: Jul 28 at 1:02PM
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 Woods Commercial Properties
Investment Insights
Based on property information with market context.
Renovated to code in 2005, this office/professional building offers a turnkey foundation for an office or related professional use. The property includes a sprinkler line on site and features a DelDot-approved entrance to support convenient access.
Located on a busy stretch of S. College Avenue (Route 896 N), the property is zoned GB - General Business. The area is seeing additional development, including two Wawa locations and a DASH planned for the road.
The site comprises approximately 2/3 acre and is available beginning Nov. 1. The offering is structured to consider sale, lease, lease purchase, or joint venture opportunities, depending on the buyer’s or tenant’s objectives.
Located on a busy stretch of S. College Avenue (Route 896 N), the property is zoned GB - General Business. The area is seeing additional development, including two Wawa locations and a DASH planned for the road.
The site comprises approximately 2/3 acre and is available beginning Nov. 1. The offering is structured to consider sale, lease, lease purchase, or joint venture opportunities, depending on the buyer’s or tenant’s objectives.
Key Highlights
- 2/3‑acre site with an office/professional building renovated to code in 2005
- Zoned GB – General Business
- DelDot‑approved entrance on busy S. College Avenue (Route 896 N)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.7k | $22.56 |
| − Vacancy | −$13.0k | −$4.40 |
| EGI | $53.7k | $18.16 |
| − OpEx | −$13.4k | −$4.54 |
| NOI | $40.2k | $13.62 |
2,955 SF · lease $22.56/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$575.0K
$503.1K – $670.8K
NOI $40,249 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$706.8K
$618.5K – $824.6K
NOI $49,477 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office/professional building renovated to code in 2005 on a 2/3-acre site with a DelDot-approved entrance.
Where is this office building located?
The property is located at 907 S College Ave Newark, DE.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2/3‑acre site with an office/professional building renovated to code in 2005; Zoned GB – General Business; DelDot‑approved entrance on busy S. College Avenue (Route 896 N)
