3887 Reid Rd, The Villages, FL 32163
A road-fronting parcel with an on-site 1921 home, well and septic, and city utilities available for connection.
- Added:
- Nov 3, 2025
- Days on Market:
- 231
- Last Refresh:
- Jun 20 at 9:54 am
Property Features for 3887 Reid Rd
General Information
- Standard status
- Active
- Size
- 2,106 SF
- Lot size
- 2.10 Acres
Listing agent Robert Deichman License #607959 (352) 427-5702
Listing office RE/MAX PREMIER REALTY (352) 427-5702
Listing date Nov 3, 2025
Source Exprealty
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 RE/MAX PREMIER REALTY
HighLights
- 2.1± acre commercial parcel at 3887 E County Road 466 with 377± ft frontage on East County Road 466
- Just 0.2 miles from Hwy 301 near Wawa and Aldi
- On‑site 1921‑built home that could be renovated into an office or repurposed for development
- Currently served by well and septic; city utilities available for connection
- Can be annexed into the City of Wildwood for C‑3 zoning with permitted uses such as retail, office, medical, group home, assisted living, or storage facility
Overview
The parcel is located about 0.2 miles from Hwy 301 and near Wawa and Aldi, placing it in an established retail and service corridor. The property also can be annexed into the City of Wildwood, which the comprehensive plan indicates would open the door to C-3 zoning and a range of permitted uses, including retail, office, medical, group home, assisted living, or storage facility.
For buyers seeking flexible commercial development options, the combination of substantial road frontage and the potential to transition to C-3 zoning may support a variety of tenant and user needs. The existing home provides an on-site structure that could be reused for office space, while the utility setup offers immediate service through well and septic with the option to connect to city utilities.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.6k | $24.96 |
| − Vacancy | −$9.5k | −$4.49 |
| EGI | $43.1k | $20.47 |
| − OpEx | −$10.8k | −$5.12 |
| NOI | $32.3k | $15.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- The Villages
- County
- Sumter
- State
- Florida
- Longitude
- -81.9913
- Latitude
- 28.9338
