Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Rice St Wildwood, FL 34785

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    12.5± Acres, Prime Location, High Growth

    Property Features for 0 Rice St

    General Information

    Property type
    Land
    Lot Size
    544,500 SF

    We can help!

    Listing Contact
    Kim Hudak
    Kim Hudak

    Listing Agent: Kim Hudak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 12.5± acre parcel presents a unique opportunity for a mixed-use development in the thriving City of Wildwood, Florida. Zoned RMS (Residential Mixed Use), this expansive site allows for a blend of residential and commercial construction, catering to the area's growing population and demand for diverse amenities. Located in Sumter County, Wildwood boasts a strategic location, conveniently situated near the intersection of major transportation arteries including I-75, Florida's Turnpike, State Route 44, and US Route 301, ensuring excellent accessibility. Access to the property is via Rice Street. The property's irregular shape offers flexibility in design and development plans. Wildwood itself is experiencing significant population growth, with a remarkable 22.9% increase between 2022 and 2023. This vibrant community offers a relaxed atmosphere combined with a wealth of outdoor recreational opportunities, including championship golf courses, lakes, parks, and trails, alongside charming local shops and restaurants. The site represents one of the few remaining large vacant land parcels in Wildwood with this desirable zoning designation, making it an exceptional investment prospect for developers seeking to capitalize on the area's robust growth trajectory. The APN is G06-201. The asking price for this remarkable property is $639,999. The property is located at Rice St, Wildwood, FL 34785.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wildwood
    County
    Sumter
    State
    Florida
    Longitude
    -82.048307
    Latitude
    28.859503

    Nearby Similar for Sale

    • $360,000
      1,672 SF

      Commercial Building in Downtown Wildwood

      Updated commercial building near shopping, dining, and major highways.
      206 Barwick St, Wildwood, FL 34785
      View Details
    • $399,900

      Versatile Office Building For Sale

      Strategically located office building with high visibility and convenient access.
      609 N Old Wire Rd, Wildwood, FL 34785
      View Details
    • $597,900

      Stand-Alone Commercial Building For Sale

      Stand-alone commercial building with high visibility and ample parking.
      5107 County Road 163, Wildwood, FL 34785
      View Details
    • $199,900

      Wildwood Commercial Property For Sale

      Versatile commercial property in Wildwood, Florida, with excellent potential.
      801 N Old Wire Rd, Wildwood, FL 34785
      View Details
    • $1,100,000

      Wildwood Corner Retail/Office Opportunity

      3,215 SF building on a busy corner in Wildwood.
      324 S Main St, Wildwood, FL 34785
      View Details
    • $410,000

      Professional Office Building Near Villages

      Professional office building with excellent visibility and access.
      5205 - Sr 44, Wildwood, FL 34785
      View Details
    • Contact for pricing
      15,375 SF

      High Traffic Retail Opportunity

      High-traffic location suitable for various retail and automotive uses.
      8764 Us-301, Wildwood, FL
      View Details
    • $249,800

      Wildwood Specialty Property For Sale

      Specialty property available for purchase in Wildwood, Florida.
      449 Stone St, Wildwood, FL 34785
      View Details
    • Contact for pricing

      High Traffic Outparcels For Sale

      Outparcels available for sale or lease in high-growth area.
      301 And Crk 462, Wildwood, FL 34785
      View Details
    • $1,950,000

      Industrial Property on US Highway

      Industrial property available for sale on US Highway 301.
      3494 N Us Highway 301, Wildwood, FL 34785
      View Details
    • $240,000

      Wildwood Church Opportunity on Kilgore

      Blank canvas property intended for use as a church.
      601 Kilgore St, Wildwood, FL 34785
      View Details
    • $333,500

      Wildwood Triplex with Rental Income

      Three-unit property in Wildwood, near shopping and amenities.
      404 Jackson St, Wildwood, FL 34785
      View Details

    FAQs

    What type of property is this?
    Land - 12.5± Acres, Prime Location, High Growth
    Where is this land located?
    The property is located at Rice St Wildwood, FL.
    What is the asking price?
    The asking price for this property is $639,999.
    What are key features of this property?
    This property features: High-traffic location with excellent visibility.; Ample parking available for tenants and customers.; Modern, well-maintained building with updated systems.
    (239) 887-1531 Call to check price and availability
    Request Owner's contact information
    Rice St Wildwood, FL 34785
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Rice St
    Wildwood, FL 34785
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Rice St Wildwood, FL 34785
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kim Hudak
    Kim Hudak
    Real Estate License ID: SL3142558
    (239) 887-1531 (239) 489-3303
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!