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Income-Generating Flex Warehouse Investment

4707 COUNTY ROAD 156 Wildwood, FL 34785

4707 COUNTY ROAD 156, Wildwood, FL, 34785

$12,750,000

For Sale

$12,750,000

Fully leased flex warehouse near The Villages with strong cashflow.

Property Size75,000 SF

Price / SF$170

AddedApr 24

Days on Market84

Last RefreshJul 15 at 12:07 pm

Property Features for 4707 COUNTY ROAD 156

General Information

Standard status: Active
Size: 75,000 SF
Property subtype: Industrial

Building Details

Year Built: 2023

Listing office GRIZZARD COMMERCIAL REALESTATE

Listing date Apr 24, 2026

Source Elliman

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

Investment Insights

Based on property information with market context.

This income-generating property, known as "The VIP Garage," features small bay flex warehouses built in 2023. Located in Wildwood, Florida, within The Villages growth area, the property sits almost directly across from Brownwood, The Villages' 3rd Town Center, and is within 1 mile of I-75 and less than a 1/2 mile from the Florida Turnpike. The property consists of 5 buildings with 30 units. Each unit is 2,500 square feet and includes two 12’ x 14’ grade-level doors, a 9’ x 15’ office, a handicap-accessible bathroom, and an A/C unit. The property is fully fenced with a security gate and video surveillance. The property is currently operating at a 6% CAP rate with potential for 8% with rent upside. The property is 100% leased with outstanding cash flow.

Key Highlights

High Income Potential: Currently at a 6% CAP rate, with potential to reach 8% through rent increases.
Prime Location: Located in Wildwood, in The Villages growth area, directly across from Brownwood Town Center.
New Construction: Built in 2023, minimizing potential maintenance.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.08M	$14.40
− Vacancy	−$58.3k	−$0.78
EGI	$1.02M	$13.62
− OpEx	−$153.3k	−$2.04
NOI	$868.4k	$11.58

75,000 SF · lease $14.40/SF/yr · vacancy 5.40% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$12.41M

$10.86M – $14.47M (±1% cap)

NOI $868,428 @ 7.0% cap · market cap 6.81%

Second Best

Flex RnD

$10.23M

$8.95M – $11.93M (±1% cap)

NOI $715,806 @ 7.0% cap · market cap 5.61%

Theoretical Best

Office A

$21.47M

$18.79M – $25.05M (±1% cap)

NOI $1,503,000 @ 7.0% cap · market cap 11.79%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

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For sale
Flex space
FL
Wildwood
34785
4707 COUNTY ROAD 156

What type of property is this?

Flex space - Fully leased flex warehouse near The Villages with strong cashflow.

Where is this flex space located?

The property is located at 4707 COUNTY ROAD 156 Wildwood, FL.

What is the asking price?

The asking price for this property is $12,750,000.

What are key features of this property?

This property features: High Income Potential: Currently at a 6% CAP rate, with potential to reach 8% through rent increases.; Prime Location: Located in Wildwood, in The Villages growth area, directly across from Brownwood Town Center.; New Construction: Built in 2023, minimizing potential maintenance.