Office Building with Dual
For Sale
$600,000
6876 E SR44 Road, Wildwood, FL 34785
CommercialSale, Wildwood, FL
Property Size1,200 SF
Lot Size1.60 Acres
Price / SF$500
Days on Market94
Property Features for 6876 E SR44 Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CL
Parking features
Paved or Surfaced
Subdivision
Not on List
Lot features
Multiple Lots
Directions
At the intersection of US HWY 301 and SE 44. Head East on SR 44. Continue on SR 44 for about 4 miles. The property will be on the left.
Standard status
Active
APN
15-19-23-G15C015A
Lot size
1.60 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 15 LAKE DEATON SHORES 1ST ADD PB 2 PG 25 1/2
Tax Annual Amount
1449
Legal Description
LOT 15 LAKE DEATON SHORES 1ST ADD PB 2 PG 25 1/2
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1994
Floors in Building
1
Flooring type
Vinyl
Building materials
Stucco
Roof type
Asphalt, Shingle
Listing Agency:
Flamingo Real Estate & Mngmt
(352) 689-1000
Listed By:
Robert Shoemaker · License #3112582
(352) 303-6798
Added: Jun 17
Changed: Sep 11
Last Checked: Sep 18 at 8:06AM
MLS# 855693
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 6876 E SR44 Road in Wildwood, this 1.6-acre Light Commercial property includes a 1,200-square-foot office building converted from residential use. The 1994 structure offers a lobby, kitchen, handicap-accessible bathroom, and two offices. Interior features include vinyl flooring, central air, electric heating, stucco construction, and an asphalt shingle roof. Public water and a septic tank serve the property, with paved or surfaced parking available.
The site fronts State Road 44 and Wesleyan Way, providing approximately 150 feet of frontage on each road. It is positioned west of Morse Boulevard and between Buena Vista Boulevard and Morse Boulevard, with access to State Road 44. The property is in Sumter County and carries CL zoning for Light Commercial use.
The site fronts State Road 44 and Wesleyan Way, providing approximately 150 feet of frontage on each road. It is positioned west of Morse Boulevard and between Buena Vista Boulevard and Morse Boulevard, with access to State Road 44. The property is in Sumter County and carries CL zoning for Light Commercial use.
Key Highlights
- 1.6‑acre Light Commercial property in Wildwood
- 1,200‑square‑foot office building converted from residential use
- Approximately 150 feet of frontage on State Road 44 and Wesleyan Way
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,420
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$368,400
$368.4K
Cap Rate 7%
$263,143
$263.1K
Cap Rate 9%
$204,667
$204.7K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$30.0K $24.96/SF
− Vacancy
−$5.4K −$4.49/SF
EGI
$24.6K $20.47/SF
− OpEx
−$6.1K −$5.12/SF
NOI
$18.4K $15.35/SF
Area
Sumter County, FL
Vacancy
18.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$368,400
Cap Rate 7%
$263,143
Cap Rate 9%
$204,667
Alternative Uses
Best Use
Office B
$263.1K
$230.3K – $307.0K
NOI $18,420 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.5K
$300.6K – $400.8K
NOI $24,048 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - The office includes a lobby, kitchen, accessible bathroom, and two private offices.
Where is this office building located?
The property is located at 6876 E SR44 Road Wildwood, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1.6‑acre Light Commercial property in Wildwood; 1,200‑square‑foot office building converted from residential use; Approximately 150 feet of frontage on State Road 44 and Wesleyan Way
