Income-Generating Flex Warehouse
4707 Co Rd 156, Wildwood, FL 34785
Call to check price and availability
Fully leased flex warehouse property near The Villages growth area.
Type:Industrial
Property size:
75,000 SFPrice / SF:
$170/SF- Added:
- Feb 4, 2026
- Days on Market:
- 103
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 4707 Co Rd 156
General Information
- Standard status
- Active
- Size
- 75,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2023
Listing agent Dan Tatro License #FL 3190991
Listing office Grizzard Commercial Real Estate Group (352) 396-9136
Listing date Feb 4, 2026
Source Crexi
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 Real Estate Group
HighLights
- High Income Potential: Currently at a 6% CAP rate with the potential to reach 8% through rent increases.
- Prime Location: Situated in Wildwood, within The Villages growth area, near Brownwood Town Center, I‑75, and the Florida Turnpike.
- New Construction: Built in 2023, minimizing potential maintenance costs.
- Fully Leased: 100% occupancy ensures immediate cash flow.
- Secure Facility: Fully fenced with a security gate and video surveillance.
- Functional Units: Each unit features two grade‑level doors, an office, an accessible bathroom, and A/C.
Overview
This income-generating property, known as "The VIP Garage," is a flex warehouse investment opportunity located in Wildwood, Florida, within The Villages growth area. Constructed in 2023, the property consists of five buildings comprising 30 units of small bay flex warehouse space. Each unit measures 2,500 square feet. The property is fully fenced and equipped with a security gate and video surveillance system. Each unit features two 12-foot by 14-foot grade-level doors, a 9-foot by 15-foot office space, a handicap-accessible bathroom, and an air conditioning unit. The property is situated almost directly across from Brownwood, The Villages' third town center, and is located within one mile of I-75 and less than half a mile from the Florida Turnpike. The property is currently 100% leased and offers cash flow with potential for rent upside.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$9.65M
NOI $868,428 @ 9.00% cap · cautious / downside scenario
Moderate
$12.41M
NOI $868,428 @ 7.00% cap · market / base-case scenario
Aggressive
$17.37M
NOI $868,428 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Warehouse
| 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 Use Scenarios
Best Use
Warehouse
$12.41M
$10.86M – $14.47M
NOI $868,428 @ 7.0% cap · market cap 6.81%
Second Best
Flex RnD
$10.23M
$8.95M – $11.93M
NOI $715,806 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$21.47M
$18.79M – $25.05M
NOI $1,503,000 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Wildwood
- County
- Sumter
- State
- Florida
- Longitude
- -82.02553
- Latitude
- 28.839031
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Fully leased flex warehouse property near The Villages growth area.
Where is this flex space located?
The property is located at 4707 Co Rd 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 the potential to reach 8% through rent increases.; Prime Location: Situated in Wildwood, within The Villages growth area, near Brownwood Town Center, I‑75, and the Florida Turnpike.; New Construction: Built in 2023, minimizing potential maintenance costs.
