501 Carr RdWilmington, DE 19809

Property Details for 501 Carr Rd

Year built

1987

Construction

CONCRETE

Lot size

16.04 AC

Property size (Sq ft)

23,539 SF

Zone code

OR

Property type

Office properties

APN

06-122.00-046

APU

612200046

Description

This exceptional opportunity presents three interconnected office buildings comprising the Rockwood Office Park, located at 501 Carr Road, Wilmington, Delaware, 19809. The property offers a total of 61,804 square feet of vacant, high-quality executive office space, available in suites ranging from 2,098 to 23,072 square feet, providing flexibility for businesses of various sizes. The buildings are ideally suited for companies seeking a prestigious address in a convenient location. Ample surface parking is available, with a generous ratio of 3.81 spaces per 1,000 square feet, ensuring convenient parking for tenants and their visitors. The property boasts a total of 253 surface parking spaces. The address is 501 Carr Road, situated in Wilmington, Delaware, offering easy access to major transportation routes and amenities. This is a multi-tenant property, presenting a unique chance to secure office space in a well-maintained and established office park. The property's prime location and ample parking make it an attractive option for businesses seeking a professional and convenient workspace in Wilmington, DE. The available space is ready for immediate occupancy, providing a seamless transition for businesses looking to relocate or expand. Interested parties are encouraged to inquire for further details and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $10,059,910

  6.5%

  $9,286,070

  7%

  $8,622,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,992,002

  Geo Method

  $3,075,606

• Alternative Use

  Use

  Valuation

  Residential

  $11,514,727

  Hospitality

  $10,547,428

  Educational

  $8,775,336

  Medical

  $9,077,134

  Retail

  $13,650,523

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7768

Longitude

-75.5121

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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