Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2889 County Road 523 Wildwood, FL 34785

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $600,000

    One-acre commercial parcel in Coleman's growth corridor, ready for development.

    Lot size:
    1.00 Acre

    Property Features for 2889 County Road 523

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.00 Acre

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    Connie Mahan
    Connie Mahan
    Source: Elliman

    Listing Agency: Connie Mahan Real Estate Group Listing Agent: Connie Mahan

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

    Learn more

    Overview

    Prime Commercial Land in Wildwood

    This one-acre parcel is located at 2889 County Road 523 in Wildwood. The property is annexed into the City of Coleman and has Heavy Commercial zoning. An 1,800 sq ft structure, built in 1989, is on site with a two-unit layout currently classified and taxed as commercial. The building can be used for interim rental income, an office, or a service base. The property is located minutes from The Villages, I-75, Florida’s Turnpike, and SR-44. The FDOT’s U.S. 301 realignment and widening project is set to improve access and traffic visibility along this corridor. The surrounding Coleman/Wildwood area is experiencing economic development across industrial, commercial, and residential sectors. A nearby 358-acre industrial site reflects demand in distribution, logistics, and warehousing. The adjacent property is also available, offering the opportunity to assemble approximately 3.41 acres in Coleman’s growth corridor with two paved road frontages. The property is suited for retail, office, warehouse, and specialty commercial uses.
    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 HVAC Service Bar & Pub 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
    -82.05353
    Latitude
    28.798243

    Nearby Similar for Sale

    • $360,000
      1,672 SF

      Commercial Building in Downtown Wildwood

      Updated commercial building near shopping, dining, and major highways.
      206 Barwick St, Wildwood, FL 34785
      View Details
    • $374,900

      Versatile Office Building For Sale

      Office building with excellent visibility and convenient access.
      609 N Old Wire Rd, Wildwood, FL 34785
      View Details
    • $950,000

      Wildwood Corner Retail/Office Building

      3,215 SF building on a busy corner for sale/lease.
      324 S Main St, Wildwood, FL 34785
      View Details
    • $360,000

      Commercial Building Near Downtown Wildwood

      Versatile commercial building near downtown Wildwood, suitable for various ventures.
      206 Barwick St, Wildwood, FL 34785
      View Details
    • $950,000

      Wildwood Corner Retail/Office Opportunity

      3,215 SF building on a busy corner in Wildwood.
      324 S Main St, Wildwood, FL 34785
      View Details
    • $374,900

      Versatile Office Building For Sale

      Strategically located office building with high visibility and convenient access.
      609 N Old Wire Rd, Wildwood, FL 34785
      View Details
    • $597,900

      Stand-Alone Commercial Building For Sale

      Stand-alone commercial building with high visibility and ample parking.
      5107 County Road 163, Wildwood, FL 34785
      View Details
    • $410,000

      Professional Office Building Near Villages

      Professional office building with excellent visibility and access.
      5205 - Sr 44, Wildwood, FL 34785
      View Details
    • Contact for pricing
      15,375 SF

      High Traffic Retail Opportunity

      High-traffic location suitable for various retail and automotive uses.
      8764 Us-301, Wildwood, FL
      View Details
    • $675,000
      Pending

      Wildwood Retail/Office Investment Opportunity

      Retail/office complex with multiple income streams in prime location.
      101 Huey St, Wildwood, FL 34785
      View Details
    • $239,275

      Wildwood Specialty Property For Sale

      Specialty property available for purchase in Wildwood, Florida.
      449 Stone St, Wildwood, FL 34785
      View Details
    • Contact for pricing

      High Traffic Outparcels For Sale

      Outparcels available for sale or lease in high-growth area.
      301 And Cr 462, Wildwood, FL 34785
      View Details

    FAQs

    What type of property is this?
    Commercial land - One-acre commercial parcel in Coleman's growth corridor, ready for development.
    Where is this commercial land located?
    The property is located at 2889 County Road 523 Wildwood, FL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Heavy Commercial zoning allows for versatile use: retail, office, warehouse, and more.; - Prime location near The Villages, I-75, Florida’s Turnpike, and SR-44.; - Recently annexed into the City of Coleman, offering immediate entitlement advantages.
    (352) 457-7553
    Request Owner's contact information
    2889 County Road 523 Wildwood, FL 34785
    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.
    2889 County Road 523
    Wildwood, FL 34785
    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
    2889 County Road 523 Wildwood, FL 34785
    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
    Connie Mahan
    Connie Mahan
    Real Estate License ID: 3012742
    (352) 457-7553 (352) 569-0233 (352) 394-6611
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!