Professional Office Building Near
5205 Co Rd 171, Wildwood, FL 34785
Well-maintained office building with excellent visibility and access.
Type:Office
Property size:
1,620 SFLot size:
0.28 AcresPrice / SF:
$253/SF- Added:
- May 20, 2024
- Days on Market:
- 743
- Last Refresh:
- May 12 at 9:57 pm
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 agent Dan Tatro License #FL 3190991
Listing office Grizzard Commercial Real Estate Group
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
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.).
- Attractive and Well‑Maintained: Building and parking area are in excellent condition.
- Spacious Interior: Includes a waiting/reception area with a fireplace, kitchen break area, 2 restrooms, and executive offices.
- Proximity to Lake Okahumpka Park: Located next to the park and walking trail, with the lake nearby.
Overview
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.
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 |
1,620 SF · lease $24.96/SF/yr · vacancy 18.00% · expense 25.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Wildwood
- County
- Sumter
- State
- Florida
- Longitude
- -81.999114
- Latitude
- 28.832717
Nearby Similar for Sale
FAQs
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.).
