Wilmington Office Space For
For Sale
Contact for pricing
Wilmington New, Wilmington, DE 19808
4,921 SF office space with high visibility.
Property Size8,990 SF
Price / SF$0.00
Days on Market330
Property Features for Wilmington New
General Information
Standard status
Active
Size
8,990 SF
Property subtype
Office
Properties For Sale
at Wilmington New
815 Newport Gap Pike
Size
5,000 SF
Term
Negotiable
Listed By:
Rich Dudek, SIOR · License #DE #RS-0016602
(302) 893-7937
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 16
Last Checked: Oct 16 at 7:00AM
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 Rich Dudek, SIOR
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Investment Insights
Based on property information with market context.
This property offers a versatile leasing opportunity with 4,921 SF of second-floor office space, including a portion of the front ground floor area. Situated in the Prices Corner area of Wilmington, it provides prominent visibility and potential for building signage. The property's CR zoning allows for a range of business uses. There are 44 striped parking spaces available on-site, providing ample parking at nearly five spaces per 1,000 SF. The location along Newport Gap Pike (Route 41) offers convenient access to Kirkwood Highway, Route 141, and I-95. The property is less than 20 minutes from downtown Wilmington. The space has the potential to be subdivided. The property size is 8,990 SF.
Key Highlights
- Prominent visibility in the Prices Corner area, with potential for building signage.
- Ample parking with 44 striped spaces, nearly five spaces per 1,000 SF.
- Flexible CR zoning to accommodate a range of business uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,449
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,448,980
$2.4M
Cap Rate 7%
$1,749,271
$1.7M
Cap Rate 9%
$1,360,544
$1.4M
Market Conditions
NOI Build-Up for 8,990 SF
Gross rent
$202.8K $22.56/SF
− Vacancy
−$39.5K −$4.40/SF
EGI
$163.3K $18.16/SF
− OpEx
−$40.8K −$4.54/SF
NOI
$122.4K $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%
$2,448,980
Cap Rate 7%
$1,749,271
Cap Rate 9%
$1,360,544
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,449 @ 7.0% cap · market cap 720,288.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,523 @ 7.0% cap · market cap 885,429.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - 4,921 SF office space with high visibility.
Where is this office units located?
The property is located at Wilmington New Wilmington, DE.
What are key features of this property?
This property features: Prominent visibility in the Prices Corner area, with potential for building signage.; Ample parking with 44 striped spaces, nearly five spaces per 1,000 SF.; Flexible CR zoning to accommodate a range of business uses.
