Multi-Suite Shopping
For Sale
$675,000
Pending
101 Huey Street, Wildwood, FL 34785
CommercialSale, Wildwood, FL
Property Size4,396 SF
Lot Size0.35 Acres
Days on Market1192
Property Features for 101 Huey Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Out of County
Parking features
Parking Lot
Subdivision
Not on List
Lot features
Corner Lot
Directions
Headed North from Cleveland Ave the property will be on the right located at the corner of HWY 301 and Huey Street. Look for Sign
Standard status
Pending
APN
G06-080
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2021
Tax Description
BEG 290 FT W OF SE COR OF SW1/4 OF SE1/4RUN N 19 DEG 04 MIN W 36 FT FOR POB RUN N 19 D EG 04 MIN W 126.38 FT S 80 DEGW 85.4 FT S 6 DEG 21 MIN E 30 FT S 13 DEG 51 MIN E 76 FT E
Tax Annual Amount
3415
Legal Description
BEG 290 FT W OF SE COR OF SW1/4 OF SE1/4RUN N 19 DEG 04 MIN W 36 FT FOR POB RUN N 19 D EG 04 MIN W 126.38 FT S 80 DEGW 85.4 FT S 6 DEG 21 MIN E 30 FT S 13 DEG 51 MIN E 76 FT E
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Flooring type
Concrete
Building materials
Stucco
Roof type
Shingle, Metal
Listing Agency:
Flamingo Real Estate & Mngmt
(352) 689-1000
Listed By:
Robert "Robbie" Shoemaker · License #3112582
(352) 303-6798
Added: Jun 15, 2023
Changed: Sep 15
Last Checked: Sep 18 at 11:06AM
MLS# 824153
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This shopping center comprises three buildings with a combined 4,396 square feet and nine suites. Building One contains 1,540 square feet across two suites, while Building Two provides 1,904 square feet with five suites and an open layout that can remain unified or be divided. Building Three adds 952 square feet across two suites. Buildings One and Three have been renovated and are ready for lease, while the second building offers flexible configuration options.
The property occupies 0.35 acres at the signalized intersection of US Hwy 301 and Huey St in Wildwood. Improvements include stucco construction, concrete flooring, central air conditioning, electric and central heating, public water, and a parking lot. The buildings were constructed in 1979 and feature both shingle and metal roofing.
The property occupies 0.35 acres at the signalized intersection of US Hwy 301 and Huey St in Wildwood. Improvements include stucco construction, concrete flooring, central air conditioning, electric and central heating, public water, and a parking lot. The buildings were constructed in 1979 and feature both shingle and metal roofing.
Key Highlights
- 4,396‑square‑foot retail and office complex across three buildings
- Nine suites distributed across the three‑building property
- Building One: 1,540 square feet with two suites
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,684
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$993,680
$993.7K
Cap Rate 7%
$709,771
$709.8K
Cap Rate 9%
$552,044
$552.0K
Market Conditions
NOI Build-Up for 4,396 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.1K $18.00/SF
− Vacancy
−$8.2K −$1.85/SF
EGI
$71.0K $16.15/SF
− OpEx
−$21.3K −$4.84/SF
NOI
$49.7K $11.30/SF
Area
Sumter County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$993,680
Cap Rate 7%
$709,771
Cap Rate 9%
$552,044
Alternative Uses
Best Use
Office B
$964.0K
$843.5K – $1.12M
NOI $67,480 @ 7.0% cap · market cap 10.00%
Second Best
Retail
$709.8K
$621.1K – $828.1K
NOI $49,684 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,096 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
9
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34785, FL
18,677
Population
6,595
Households
2.8
Avg Household Size
46
Median Age
15%
College-Educated
82%
High-School Grad
64.1 sq mi
ZIP Area
291
Density / Sq Mi
$48,004
Median Household Income
$31,207
Median Earnings
$1,082
Median Rent
$210,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Freedom Plaza — 3990 E FL-44, Wildwood, FL 34785
- Wildwood Antique Mall of Wildwood — 364 Shopping Center Dr, Wildwood, FL 34785
Frequently Asked Questions
What type of property is this?
Shopping center - Three-building commercial complex offers renovated suites alongside flexible open-plan space for retail and office users.
Where is this shopping center located?
The property is located at 101 Huey Street Wildwood, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 4,396‑square‑foot retail and office complex across three buildings; Nine suites distributed across the three‑building property; Building One: 1,540 square feet with two suites
