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    5307 Limestone Rd Wilmington, DE 19808

    • Office Properties & Spaces
    • 8,513 SF
    • 1.96 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US17-0131598
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

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

    Property Details for 5307 Limestone Rd

    Year built
    1991
    Construction
    BRICK
    Lot size
    1.96 lot acres
    Property size
    8,513 SF
    Zone code
    NCPUD
    Property type
    Office Properties & Spaces
    APN
    08-031.00-027
    APU
    803100027

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6928
    Latitude
    39.744
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $36,582
    $213,400
    $895,200
    $1,108,600
    -
    $0.00
    $0.00
    $0.00

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    Wilmington, DE 19808
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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
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