Income-Generating Flex Warehouse
4707 COUNTY ROAD 156 Wildwood, FL 34785
For Sale
$12,750,000
Fully leased flex warehouse near The Villages with strong cashflow.
Property Size75,000 SF
Price / SF$170
Days on Market97
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 Agency:
GRIZZARD COMMERCIAL REALESTATE
(352) 396-9136
Listed By:
Daniel Tatro · License #3190991
(352) 396-9136
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 8:25AM
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.
Financial Insights For Warehouse
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 | $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
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
