Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6023 Co Rd Wildwood, FL 34785

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6023 Co Rd Wildwood, FL 34785

    View on Map
    • Land
    • 2.37 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6023 Co Rd

    Lot size
    2.37 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 2.37-acre vacant commercial and industrial land parcel, located at 6023 Co Rd 44A in Wildwood, Florida, presents a unique investment opportunity. Situated in a rapidly growing area near The Villages, this property is zoned for commercial use, offering significant potential for development. The location boasts excellent visibility and accessibility, with convenient access to major roadways ensuring high traffic flow. This prime location is surrounded by a mix of residential and commercial properties, creating a thriving and dynamic environment. The area is experiencing substantial growth, driven by the expansion of The Villages and numerous planned future developments. This presents a compelling opportunity to capitalize on the influx of residents and businesses. The asking price for this 2.37-acre parcel is $1,000,000. The property is currently vacant and ready for immediate development, making it an ideal investment for those seeking to establish a presence in this burgeoning market. Don't miss this chance to secure a piece of Wildwood's future. The property is located in Sumter County, Florida, zip code 34785.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Sumter
    State
    Florida
    Longitude
    -82.0047
    Latitude
    28.8365

    Comparable in this City

    • Value Estimation by Request
      115.00 Acres

      Fl-44

      Land • 115.00 Acres
      0 Fl-44, Wildwood, FL 34785
      View Details
    • Value Estimation by Request
      18.00 Acres

      4609 Co Rd

      Land • 18.00 Acres
      4609 Co Rd, Wildwood, FL 34785
      View Details
    • Value Estimation by Request
      315.00 Acres

      412 Fl-44

      Land • 315.00 Acres
      412 Fl-44, Wildwood, FL 34785
      View Details
    • Value Estimation by Request
      18.00 Acres

      5653 Co Rd

      Land • 18.00 Acres
      5653 Co Rd, Wildwood, FL 34785
      View Details
    • Value Estimation by Request
      245.00 Acres

      2068 Fl-44

      Land • 245.00 Acres
      2068 Fl-44, Wildwood, FL 34785
      View Details
    • Value Estimation by Request

      427 85Th Blvd

      Land
      427 85Th Blvd, Wildwood, FL 34785
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Wildwood Land For Sale

      5.6 +/- acres zoned for residential mixed use.
      S High St, Wildwood, FL 34785
      View Details
    • $250,000
      6.30 Acres

      6.30 Acres in Wildwood, FL

      6.30-acre property offering privacy, natural beauty, and convenience.
      1 - Cr 221, Wildwood, FL 34785
      View Details
    • $800,000
      2,400 SF

      Prime Wildwood Industrial Site

      2.45 Acres, High Visibility, Redevelopment Opportunity
      8561 State Road 44, Wildwood, FL 34785
      View Details
    • Contact for pricing

      Land with Turnpike Visibility

      29.76 acre site with high Turnpike visibility.
      4102 County Road 181, Wildwood, FL 34785
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      75,000 SF

      The VIP Garages: Wildwood Flex Space

      Modern Flex/Warehouse Units in Wildwood, FL
      4707 County Road 156, Wildwood, FL 34785
      View Details
    • $13 SF/Yr
      140,050 SF

      Versatile Flex Space in Wildwood

      Flex space in a gated business park with modern amenities.
      2836 County Road 523, Wildwood, FL 34785
      View Details
    • Contact for pricing

      Wildwood Industrial Warehouses For Rent

      Two industrial warehouse buildings available for immediate occupancy.
      3073 NE 37Th Pl, Wildwood, FL 34785
      View Details
    • Contact for pricing

      New Construction Retail/Office/Medical Space

      New construction retail, office, or medical space available for lease.
      4713 Fl-44, Wildwood, FL 34785
      View Details
    • Contact for pricing

      Wildwood Marketplace Retail Opportunity

      52,779 SF shopping center near The Villages.
      400-480 W Gulf Atlantic Hwy, Wildwood, FL 34785
      View Details
    • Contact for pricing

      Wildwood Marketplace Retail Space Available

      Retail spaces for lease near The Villages expansion.
      400 W Gulf Atlantic Hwy, Wildwood, FL 34785
      View Details
    Request Owner's contact information
    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.
    6023 Co Rd
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!