Professional Office Building Near
5205 Cr 171 - Sr 44, Wildwood, FL 34785
Professional office building with excellent visibility and access.
Type:Office
Property size:
1,620 SFLot size:
0.28 AcresPrice / SF:
$253/SF- Added:
- May 16, 2024
- Days on Market:
- 737
- Last Refresh:
- Apr 1 at 9:21 pm
Property Features for 5205 Cr 171 - Sr 44
General Information
- Standard status
- Active
- Size
- 1,620 SF
- Lot size
- 0.28 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1996
Listing agent Daniel Tatro
Listing office GRIZZARD COMMERCIAL REALESTATE (352) 787-6966
Listing date May 16, 2024
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of GRIZZARD COMMERCIAL REALESTATE
HighLights
- Prime location between The Villages and Brownwood, near Morse Blvd and Lake Deaton Publix.
- Excellent visibility and access on the corner of SR 44 and CR 171.
- Zoned CP (Planned Commercial) in Sumter County, suitable for various professional uses (Real Estate, Law, CPA, Home Health, etc.).
- Attractive, well‑maintained building and parking area.
- Spacious waiting and reception area with fireplace, kitchen break area, 2 restrooms, and executive offices.
- Located next to Lake Okahumpka Park and walking trail with lake access.
Overview
This professional office building is located at the corner of SR 44 in Wildwood and CR 171, offering a location between The Villages, Brownwood, Morse Blvd, and Lake Deaton Publix. The property features visibility and access, making it suitable for real estate, law, CPA, or home health services. The building is well-maintained and includes a parking area. Inside, there is a waiting and reception area with a fireplace, a kitchen break area, two restrooms, and executive offices. The property is zoned CP (Planned Commercial) in Sumter County and sits on a 0.28-acre lot measuring 102' x 131'. It is situated next to Lake Okahumpka Park and a walking trail, with the lake at the end of the street. The building has a size of 1620 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$276.3K
NOI $24,868 @ 9.00% cap · cautious / downside scenario
Moderate
$355.3K
NOI $24,868 @ 7.00% cap · market / base-case scenario
Aggressive
$497.4K
NOI $24,868 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.4k | $24.96 |
| − Vacancy | −$7.3k | −$4.49 |
| EGI | $33.2k | $20.47 |
| − OpEx | −$8.3k | −$5.12 |
| NOI | $24.9k | $15.35 |
1,620 SF · lease $24.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$355.3K
$310.9K – $414.5K
NOI $24,868 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$463.8K
$405.8K – $541.1K
NOI $32,465 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Wildwood
- County
- Sumter
- State
- Florida
- Longitude
- -82.0355
- Latitude
- 28.837
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FAQs
What type of property is this?
Office building - Professional office building with excellent visibility and access.
Where is this office building located?
The property is located at 5205 Cr 171 - Sr 44 Wildwood, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Prime location between The Villages and Brownwood, near Morse Blvd and Lake Deaton Publix.; Excellent visibility and access on the corner of SR 44 and CR 171.; Zoned CP (Planned Commercial) in Sumter County, suitable for various professional uses (Real Estate, Law, CPA, Home Health, etc.).
