Professional Office Building Near
For Sale
Contact for pricing
Pending
5205 Co Rd 171, Wildwood, FL 34785
Well-maintained office building with excellent visibility and access.
Property Size1,620 SF
Lot Size0.28 Acres
Days on Market833
Property Features for 5205 Co Rd 171
General Information
Standard status
Pending
Size
1,620 SF
Class
B
Lot size
0.28 Acres
Property subtype
Office
Zoning
CP
Building Details
Year Built
1996
Stories
2
Listing Agency:
Grizzard Commercial Real Estate Group
(352) 396-9136
Listed By:
Dan Tatro · License #FL 3190991
Source:
Crexi
Added: May 20, 2024
Changed: Aug 20
Last Checked: Aug 20 at 12:12AM
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.
This professional office building is located at the corner of State Road 44 in Wildwood and County Road 171, offering a location between The Villages, Brownwood, Morse Boulevard, and Lake Deaton Publix. The property features excellent visibility and access, making it suitable for various professional uses such as real estate, law, CPA, and home health services. The attractive and well-maintained building includes a spacious waiting and reception area with a fireplace, a kitchen break area, two restrooms, and executive offices. The property is zoned CP (Planned Commercial) in Sumter County and sits on a 0.28-acre lot measuring 102' x 131'. The building has a size of 1620 square feet. It is situated next to Lake Okahumpka Park and a walking trail, with the lake located at the end of the street.
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.).
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
$24,868
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
6.07%
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%
$497,360
$497.4K
Cap Rate 7%
$355,257
$355.3K
Cap Rate 9%
$276,311
$276.3K
Market Conditions
NOI Build-Up for 1,620 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
$40.4K $24.96/SF
− Vacancy
−$7.3K −$4.49/SF
EGI
$33.2K $20.47/SF
− OpEx
−$8.3K −$5.12/SF
NOI
$24.9K $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%
$497,360
Cap Rate 7%
$355,257
Cap Rate 9%
$276,311
Alternative Uses
Best Use
Office B
$355.3K
$310.9K – $414.5K
NOI $24,868 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$463.8K
$405.8K – $541.1K
NOI $32,465 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
32
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
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with excellent visibility and access.
Where is this office building located?
The property is located at 5205 Co Rd 171 Wildwood, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 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.).
