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    5307 Limestone Rd Wilmington, DE 19808

    Sponsored
    For Lease
    $23 SF/Yr

    Modern Office Space, Abundant Parking

    Lot size:
    17,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, Class B office building, situated in the vibrant Pike Creek area of New Castle County, offers three available executive office suites. Built in 1989, the 17,000 square foot building provides convenient elevator access and ample parking for tenants and their clients. The available spaces range from a minimum of 1,518 square feet to a maximum contiguous area of 2,489 square feet, offering flexibility for businesses of various sizes. Currently, 6,107 square feet are vacant and ready for immediate occupancy. Each suite boasts an appealing open floor plan, complemented by private offices that benefit from an abundance of natural light, creating a productive and inviting work environment. Furthermore, each suite includes valuable storage space, enhancing organizational efficiency. The building's central location within Pike Creek ensures easy access to major transportation routes and a wealth of amenities. This is an excellent opportunity to secure prime office space in a well-maintained and conveniently located building. The building's multiple tenancy structure allows for a diverse and thriving business community.

    Property Features for 5307 Limestone Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,000 SF
    Class
    B
    Total Rate
    33575

    Building Details

    Year Built
    1989
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 103
    Size
    2,489 SF
    Rate per SF
    $23
    Space
    Suite 101
    Size
    1,518 SF
    Rate per SF
    $23
    Space
    Suite 200
    Size
    2,100 SF
    Rate per SF
    $23

    HighLights

    • 17,000 SF Class B office building in New Castle County.
    • Three suites available, ranging from 1,518 to 2,489 contiguous SF.
    • 6,107 SF of vacant space available for lease.
    • Two‑story building with elevator service and ample parking.
    • Built in 1989.
    Property Profile Location Intelligence

    Current Use by Public Records

    Blakely Gregory & Pappoulis Attorney John M. Hanling, ... Physical Therapist Re/Max of Wilmington Real Estate Agency HFS ADVISERS Financial Planner The Riggin Group Real Estate Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6928472
    Latitude
    39.743942

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    FAQs

    What type of property is this?
    Office Property / Space - Modern Office Space, Abundant Parking
    Where is this office property / space located?
    The property is located at 5307 Limestone Rd Wilmington, DE.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: 17,000 SF Class B office building in New Castle County.; Three suites available, ranging from 1,518 to 2,489 contiguous SF.; 6,107 SF of vacant space available for lease.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5307 Limestone Rd Wilmington, DE 19808
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