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    2919 County Road 523 Wildwood, FL 34785

    View on Map
    Sponsored
    For Sale
    $825,000

    Mixed Use - WILDWOOD, FL

    Type:Mixed Use
    Property size:
    616 SF
    Lot size:
    2.41 Acres
    Days on Market:
    201
    Last Refresh:
    Mar 21 at 8:06 pm

    Property Features for 2919 County Road 523

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    G31-028
    Size
    616 SF
    Lot size
    2.41 Acres

    Building Details

    Year built
    1986
    Building materials
    Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Connie Mahan
    Connie Mahan

    Connie Mahan Real Estate Group

    Listing agent Connie Mahan License #3012742

    Listing date Sep 2, 2025

    MLS# G5101617 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Land Parcel with Dual Frontage

    This 2.41-acre parcel offers a development opportunity with dual paved road frontage, approximately 150 feet on CR 523 and 130 feet on U.S. 301. The site is fully serviced with city water, power, sewer, and street lighting, plus well and septic. With Heavy Commercial positioning, the property is suited for retail pads, flex space, service operations, hospitality, or a mixed-use commercial campus. The property benefits from dual paved-road access, facilitating ingress, egress, signage, and visibility. All utilities are available. It is positioned near Florida’s Turnpike, I-75, and SR-44, ensuring connectivity for logistics, labor, and customer access. The U.S. 301 corridor is undergoing improvements with widened roadways and improved traffic flow. The property is located in a growing industrial zone where e-commerce and distribution companies are expanding. Positioned minutes from The Villages and thriving residential communities, this corridor is attracting industrial, retail, and service-sector investment. The property’s frontage delivers versatility for site planning. The adjacent parcel is also available, creating a combined 3.41 acres with dual paved-road frontage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Dental Office Building Supply Big Box & Wholesale Store Gym & Fitness Center Auto Repair Shop Auto Parts Store Bar & Pub HVAC Service Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Sumter
    State
    Florida
    Longitude
    -82.053148
    Latitude
    28.798837

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    FAQs

    What type of property is this?
    Mixed-use property - 2.41-acre parcel with utilities, suitable for various commercial uses.
    Where is this mixed-use property located?
    The property is located at 2919 County Road 523 Wildwood, FL.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Dual Frontage: Approximately 150' on CR 523 and 130' on U.S. 301, providing excellent visibility and access.; - All Utilities Available: Fully serviced with city water, power, sewer, street lighting, plus well and septic.; - Heavy Commercial Zoning: Suited for retail, flex space, service operations, hospitality, or mixed-use commercial development.
    (352) 457-7553
    Request Owner's contact information
    2919 County Road 523 Wildwood, FL 34785
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    Wildwood, FL 34785
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2919 County Road 523 Wildwood, FL 34785
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    We can help!
    Listing Contact
    Connie Mahan
    Connie Mahan
    Real Estate License ID: 3012742
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