5305 Limestone RdWilmington, DE 19808

Property Details for 5305 Limestone Rd

Year built

1998

Construction

CONCRETE

Lot size

2.40 AC

Property size (Sq ft)

12,725 SF

Zone code

NCPUD

Property type

Office properties

Property subtype

Other office properties

APN

08-031.00-029

APU

803100029

Description

This exceptional 17,414 square foot Class B medical office building, constructed in 1998, is situated on a spacious 24-acre lot at 5305 Limestone Road, Wilmington, DE 19808. The property features a single, two-story building with three total suites and ample parking (30 spaces). Currently, 2,200 square feet of divisible space is available on the second floor, offering a minimum of 2,200 and a maximum contiguous space of 4,400 square feet. The existing layout includes sinks in most exam rooms, providing flexibility for various medical or adaptable uses. Multiple private bathrooms are conveniently located within the suite. The space boasts attractive LVT flooring and carpeting throughout. Modern conveniences include elevator service. This property presents a unique opportunity for businesses seeking a well-maintained, adaptable space in a desirable Wilmington location. The building is easily accessible and offers a comfortable environment for both staff and clients. The available space is ready for immediate occupancy and can be easily modified to suit the needs of a new tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $5,438,308

  6.5%

  $5,019,978

  7%

  $4,661,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,698,638

  Geo Method

  $1,662,648

• Alternative Use

  Use

  Valuation

  Residential

  $6,224,772

  Hospitality

  $5,701,858

  Educational

  $4,743,878

  Medical

  $4,907,028

  Retail

  $7,379,366

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7435

Longitude

-75.6918

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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