4512 Kirkwood HwyWilmington, DE 19808

Property Details for 4512 Kirkwood Hwy

Year built

1997

Construction

CONCRETE

Lot size

2.30 AC

Property size (Sq ft)

14,076 SF

Zone code

CR

Property type

Medical offices

Property subtype

Medical space

APN

08-044.20-259

APU

804420259

Description

Located at 4512 Kirkwood Highway in Wilmington, Delaware (zip code 19808), Mill Creek Professional Center offers prime medical office space. This multi-tenant building boasts a total of 43,200 square feet, with 11,157 square feet currently available for lease. Individual suites range from a minimum of 1,369 square feet to a maximum contiguous space of 4,810 square feet, providing flexibility for various practice sizes. The building is conveniently situated in New Castle County and offers easy access to major roadways. On-site amenities include a full-time maintenance crew and multiple elevators, including stretcher-accessible units, catering to the specific needs of medical professionals. The building's design also incorporates features suitable for laboratory use. This presents a unique opportunity for medical practices seeking modern, well-maintained space in a highly accessible location. The property is classified as Office, with a subtype of Medical Office and General Office.

• CAP approach

  CAP return

  Valuation

  6%

  $6,817,780

  6.5%

  $6,293,340

  7%

  $5,843,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,985,150

  Geo Method

  $1,839,170

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,167,300

  Retail / Commercial

  $6,282,940

  Mixed-Use / Specialty

  $6,294,920

  Hospitality / Lodging

  $4,663,150

  Institutional / Educational

  $6,556,470

  Residential Income

  $7,671,070

  Multifamily

  $9,009,670

  Automotive / Energy

  $5,619,830

  Parking / Income-Based Land

  $1,905,370

  Restaurant / Food Service

  $3,347,410

  Healthcare / Senior Housing

  $6,420,070

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.7245

Longitude

-75.6552

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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