Income-Generating Flex Warehouse
For Sale
$12,750,000
4707 County Road 156, Wildwood, FL 34785
Fully leased flex warehouse near The Villages with strong cashflow.
Property Size75,000 SF
Price / SF$170
Days on Market188
Property Features for 4707 County Road 156
General Information
Standard status
Active
Size
75,000 SF
Building Details
Year Built
2023
Listing Agency:
GRIZZARD COMMERCIAL REALESTATE
Listed By:
Daniel Tatro · License #3190991
(352) 787-6966
Source:
Livewelltampabay
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 2:46PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$868,428
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,368,560
$17.4M
Cap Rate 7%
$12,406,114
$12.4M
Cap Rate 9%
$9,649,200
$9.6M
Market Conditions
NOI Build-Up for 75,000 SF
Gross rent
$1.08M $14.40/SF
− Vacancy
−$58.3K −$0.78/SF
EGI
$1.02M $13.62/SF
− OpEx
−$153.3K −$2.04/SF
NOI
$868.4K $11.58/SF
Area
Sumter County, FL
Vacancy
5.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,368,560
Cap Rate 7%
$12,406,114
Cap Rate 9%
$9,649,200
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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34785, FL
18,677
Population
6,595
Households
2.8
Avg Household Size
46
Median Age
15%
College-Educated
82%
High-School Grad
64.1 sq mi
ZIP Area
291
Density / Sq Mi
$48,004
Median Household Income
$31,207
Median Earnings
$1,082
Median Rent
$210,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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.
