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    1010-1040 6Th Ave Wauchula, FL 33873
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    1010-1040 6Th Ave Wauchula, FL 33873

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    • Lifestyle centers
    • 11,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1010-1040 6Th Ave

    Property size
    11,000 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 11,000-square-foot retail property, located at 1010-1040 6th Avenue in Wauchula, Florida, presents a unique investment opportunity. Currently vacant, the entire space is available for lease, offering a blank canvas for a single tenant to establish a significant presence in the Hardee County market. The property is classified as a shopping center and boasts a total building area of 11,000 square feet. Its prime location in Wauchula, zip code 33873, provides excellent visibility and accessibility for customers. The property's single-tenant configuration simplifies management and offers potential for long-term lease agreements. This presents a rare chance to acquire a substantial retail space in a growing market. The property is situated in Hardee County, Florida, offering a strategic location for businesses seeking to tap into the local consumer base. With its substantial size and complete vacancy, this property is ideal for a variety of retail concepts seeking a prominent location in Wauchula. The address is easily accessible and offers ample space for customer parking and operations. This is a turnkey opportunity for a business seeking immediate occupancy and a strong foothold in the community. Serious inquiries are encouraged to explore this promising investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wauchula
    County
    Hardee
    State
    Florida
    Longitude
    -81.8098
    Latitude
    27.5335

    Comparable in this City

    • Value Estimation
      $1,050,000
      80,371 SF

      1010 6th Ave

      MINI-MALL • 80,371 SF
      1010 6th Ave, Wauchula, FL 33873-3306
      View Details
    • Value Estimation
      $8,525,000
      40,860 SF

      1103 6th Ave

      MINI-MALL • 40,860 SF
      1103 6th Ave, Wauchula, FL 33873-3350
      View Details
    • Value Estimation
      $8,530,000
      41,354 SF

      1105 6th Ave

      MINI-MALL • 41,354 SF
      1105 6th Ave, Wauchula, FL 33873-3350
      View Details
    • Value Estimation by Request
      2,898 SF

      1484 Us Hwy 17th N

      MINI-MALL • 2,898 SF
      1484 Us Hwy 17th N, Wauchula, FL 33873-5006
      View Details
    • Value Estimation by Request
      0.17 Acres

      6th Ave

      MINI-MALL • 0.17 Acres
      6th Ave, Wauchula, FL 33873
      View Details
    • Value Estimation
      $2,000,000
      16,900 SF

      1430 Us Hwy 17th N

      MINI-MALL • 16,900 SF
      1430 Us Hwy 17th N, Wauchula, FL 33873-5006
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      HARDEE CROSSING Retail Land

      Prime Wauchula, FL retail land
      0 Us Highway 17, Wauchula, FL 33873
      View Details
    • Contact for pricing

      Prime Retail/Restaurant Space Available

      1.3 acre retail/restaurant space with high traffic frontage.
      939 S 6Th Ave, Wauchula, FL 33873
      View Details
    • $2,200,000
      3,766 SF

      Prime Retail/Restaurant Space Available

      1.3 acre retail/restaurant space with high traffic frontage.
      939 South 6Th Ave, Wauchula, FL 33873
      View Details
    • $399,000
      3,520 SF

      Leased Mixed-Use Plaza Investment

      Fully leased mixed-use plaza in Wauchula, Florida.
      908 South 6Th Ave, Wauchula, FL 33873
      View Details
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    Wauchula, FL 33873
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    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
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