5205 Co Rd 171 Wildwood, FL 34785
Well-maintained office building with excellent visibility and access.
Property Features for 5205 Co Rd 171
General Information
- Standard status
- Active
- Size
- 1,620 SF
- Lot size
- 0.28 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1996
Listing office Grizzard Commercial Real Estate Group (352) 396-9136
Listing date May 20, 2024
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
Investment Insights
Based on property information with market context.
Key Highlights
- Prime Location: Corner of SR 44 and CR 171, strategically situated between The Villages, Brownwood, Morse Blvd, and Lake Deaton Publix.
- Excellent Visibility and Access: Ideal for attracting clients and customers.
- Versatile Use: Zoned CP (Planned Commercial) in Sumter County, suitable for various professional offices (Real Estate, Law, CPA, Home Health, etc.).
Local Financial Insights For Office B
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 | $40.4k | $24.96 |
| − Vacancy | −$7.3k | −$4.49 |
| EGI | $33.2k | $20.47 |
| − OpEx | −$8.3k | −$5.12 |
| NOI | $24.9k | $15.35 |
