Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    195 Wendell Ave Groveland, FL 34736

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $105,600

    8,800 sq ft warehouse with offices and ample parking.

    Lot size:
    1.07 Acres

    Property Features for 195 Wendell Ave

    General Information

    Standard status
    Active
    Lot size
    1.07 Acres

    We can help!

    Listing Contact
    April Kirkland
    Source: Exprealty

    Listing Agency: COLDWELL BANKER TONY HUBBARD REALTY Listing Agent: April Kirkland

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Multi-Purpose Plaza Warehouse Space

    This multi-purpose plaza is located on State Road 50, offering convenient access to the turnpike. The available unit features 8,800 square feet of space, including two offices (or one office and one storage room) and an additional room suitable for use as a conference room, along with warehouse space. The office area is air-conditioned and includes restroom(s) and storage shelving. Ample parking is available. The unit has three roll-up doors for easy access: two 10-foot doors and one 15-foot door. A partially fenced exterior area is included. The owner prefers a long-term tenant with a lease of 6+ years. The property is centrally located for easy commuting to Sumter County or Orange County. The space can be divided into smaller units. Property features include 24-hour access, a fenced lot, signage, and a yard. City water, city sewer, and electric utilities are available. This property is suitable for industrial or warehouse use.
    Location Intelligence

    Current Use by Public Records

    PDA Supply, LLC. Logistics Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    AAA American Storage, Groveland Storage

    Location Insight

    • Map
    • Local Demand
    City
    Groveland
    County
    Lake
    State
    Florida
    Longitude
    -81.8698241
    Latitude
    28.5645538

    Nearby Similar for Lease

    • $318,281

      Groveland Industrial/Distribution Center For Lease

      36,375 SF industrial/distribution center in Groveland available for lease.
      19994 Independence Blvd, Groveland, FL 34736
      View Details
    • $105,600

      Spacious Warehouse with Office Space

      8,800 sq ft warehouse with offices and ample parking.
      195 Wendell Ave, Groveland, FL 34736
      View Details
    • $16 SF/Yr
      200,000 SF

      Secured Industrial Park in Groveland

      200,000 SF industrial park with on-site management and shared amenities.
      15430 County Road 565A, Groveland, FL 34736
      View Details
    • $16 SF/Yr
      2,400 SF

      Groveland Flex Space For Lease

      Flex space in a secured industrial park, near major highways.
      1506 Max Hooks Rd, Groveland, FL 34736
      View Details
    • $16 SF/Yr
      1,500 SF

      Groveland Flex Space For Rent

      Flex space available for rent in Groveland, Florida.
      1512 Max Hooks Rd, Groveland, FL 34736
      View Details
    • $15 SF/Yr
      13,600 SF

      Hunt Industrial: Groveland Flex Space

      Six flex spaces, 900-4800 sq ft, ideal location.
      15430 County Road 565A, Groveland, FL 34736
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Groveland Center

      Retail space with prime exposure near Florida Turnpike.
      7975 State Road 50, Groveland, FL 34736
      View Details
    • Contact for pricing
      3,080 SF

      Retail Endcap Space Available

      3,080 SF endcap space ideal for retail or medical.
      14621 Grn Vly Blvd, Groveland, FL
      View Details
    • $16 SF/Yr
      1,500 SF

      Groveland Flex Space Available

      Flex space available for rent in Groveland, Florida.
      1504 Max Hooks Rd, Groveland, FL 34736
      View Details
    • $16 SF/Yr
      4,800 SF

      Groveland Flex Space For Rent

      Flex space available for rent in Groveland, Florida.
      1518 Max Hooks Rd, Groveland, FL 34736
      View Details
    • $16 SF/Yr
      1,200 SF

      Groveland Flex Space Available

      Flex space available for rent in Groveland, Florida.
      1510 Max Hooks Rd, Groveland, FL 34736
      View Details
    • $16 SF/Yr
      2,400 SF

      Groveland Flex Space Available

      Flex space available for rent in Groveland, Florida.
      1516 Max Hooks Rd, Groveland, FL 34736
      View Details

    FAQs

    What type of property is this?
    Warehouse - 8,800 sq ft warehouse with offices and ample parking.
    Where is this warehouse located?
    The property is located at 195 Wendell Ave Groveland, FL.
    What are key features of this property?
    This property features: - 8,800 sq ft Multi-Purpose Plaza with Warehouse Space; - Convenient Location on State Rd 50, Close to Turnpike; - Ample Parking and **3 Roll-Up Doors (2-10 ft, 1-15 ft) for Easy Access**
    (352) 394-4031
    Request Owner's contact information
    195 Wendell Ave Groveland, FL 34736
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    195 Wendell Ave
    Groveland, FL 34736
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    195 Wendell Ave Groveland, FL 34736
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    April Kirkland
    (352) 394-4031
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.