5307 Limestone RdWilmington, DE 19808

Property Details for 5307 Limestone Rd

Year built

1991

Construction

BRICK

Lot size

1.96 AC

Property size (Sq ft)

8,513 SF

Zone code

NCPUD

Property type

Office properties

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,638,218

  6.5%

  $3,358,355

  7%

  $3,118,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,805,383

  Geo Method

  $1,112,309

• Alternative Use

  Use

  Valuation

  Residential

  $4,164,360

  Hospitality

  $3,814,532

  Educational

  $3,173,646

  Medical

  $3,282,792

  Retail

  $4,936,782

Location Insight

City

Wilmington

County

New Castle

State

Delaware

Latitude

39.744

Longitude

-75.6928

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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