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

    6876 E STATE ROAD 44 Wildwood, FL 34785

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

    Commercial land available on State Road 44 in Wildwood.

    Property size:
    1,196 SF
    Added:
    Jan 29, 2025
    Days on Market:
    443
    Last Refresh:
    Mar 16 at 8:27 am

    Property Features for 6876 E STATE ROAD 44

    General Information

    Standard status
    Active
    Size
    1,196 SF

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    Robbie Shoemaker
    Robbie Shoemaker

    Listing agent Robbie Shoemaker

    Listing office FLAMINGO REAL ESTATE & MNGMT

    Listing date Jan 29, 2025

    Source Evrealestate

    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 FLAMINGO REAL ESTATE & MNGMT

    Overview

    Commercial Land on State Road

    This commercial land is located at 6876 E STATE ROAD 44 in Wildwood, Florida. The property is situated approximately 4 miles east of the intersection of US HWY 301 and SE 44 on State Road 44. The parcel has a size of 1196 square feet and is located in Sumter County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Big Box & Wholesale Store Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Garden Center Discount Store Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Sumter
    State
    Florida
    Longitude
    -81.98934
    Latitude
    28.825647

    Nearby Similar for Sale

    • $340,000

      Prime Land Near The Villages

      0.78-acre commercial land near The Villages' Brownwood Town Center.
      6974 Powell Road, Wildwood, FL 34785
      View Details
    • $1,990,000
      1,882 SF

      Wildwood Corridor Development Opportunity

      10-acre mixed-use development opportunity in a growing corridor.
      4942 E COUNTY ROAD 462, WILDWOOD, FL 34785
      View Details
    • $1,350,000

      Land in Wildwood, Florida

      3.82 acres with road frontage in Wildwood, Florida.
      S OLD WIRE ROAD, WILDWOOD, FL 34785
      View Details
    • $3,200,000
      4,647 SF

      Farmhouse Estate in Gated Equestrian Community

      Private farmhouse estate on 8.17 acres in equestrian community.
      2870 NW 87TH AVENUE, WILDWOOD, FL 34785
      View Details
    • $2,500,000

      Wildwood, FL Land Opportunity

      10-acre parcel near The Villages with growth potential.
      2619 CR 523, Wildwood, FL 34785
      View Details
    • $6,000,000

      Prime Land Near The Villages

      35 acres with highway frontage near The Villages development.
      CR 523, Wildwood, FL 34785
      View Details
    • $825,000
      616 SF

      Versatile Land Parcel with Dual Frontage

      2.41-acre parcel with utilities, suitable for various commercial uses.
      2919 COUNTY ROAD 523, WILDWOOD, FL 34785
      View Details
    • $600,000
      1,800 SF

      Turnkey Commercial Land Opportunity

      One-acre commercial parcel in Coleman's growth corridor, ready for development.
      2889 COUNTY ROAD 523, WILDWOOD, FL 34785
      View Details
    • $360,000
      1,672 SF

      Commercial Building in Downtown Wildwood

      Updated commercial building near shopping, dining, and major highways.
      206 BARWICK STREET, WILDWOOD, FL 34785
      View Details
    • $1,099,000
      710 SF

      Luxury Equestrian Facility on 16 Acres

      Turnkey equestrian facility with modern home near equestrian venues.
      1285 NW 102ND BOULEVARD, WILDWOOD, FL 34785
      View Details
    • $319,000

      Land in Gated Community

      3.91 acres in a premier gated community.
      2395 NW 81ST AVENUE, WILDWOOD, FL 34785
      View Details
    • $2,100,000

      Wildwood Commercial Land For Sale

      2 acres of commercial land with highway access.
      6981 E STATE ROAD 44, WILDWOOD, FL 34785
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available on State Road 44 in Wildwood.
    Where is this commercial land located?
    The property is located at 6876 E STATE ROAD 44 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: Located in Sumter County; Built in 1994, featuring central air cooling; Situated approximately 4 miles East of US HWY 301 on SR 44
    (352) 303-6798
    We can help!
    Listing Contact
    Robbie Shoemaker
    Robbie Shoemaker
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!