Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7302 Warm Springs Ave Wildwood, FL 34785
    Back to Search
    Property profile & analytics

    7302 Warm Springs Ave Wildwood, FL 34785

    View on Map
    • Self storage facilities
    • 77,400 SF
    • 10.47 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • On Solid Ground RV & Boat Storage / Storage Facility

    Property Details for 7302 Warm Springs Ave

    Year built
    2023
    Lot size
    10.47 lot acres
    Property size
    77,400 SF
    Property type
    Self storage facilities

    Description

    This exceptional 77,400 square foot RV and boat storage facility in Wildwood, Florida, is situated on 10.47 acres and offers 198 covered and 207 uncovered parking spaces. Built in 2023, the property boasts a 6.74% pro-forma cap rate and a current NOI of $555,976, with an occupancy rate of 38.27% as of July 31, 2024. High-level amenities include a boat wash, dump station, full fencing, advanced security system, air machine, and excellent LED lighting. Its strategic location near The Villages, the fastest-growing MSA in the United States, and proximity to three boat ramps and two Florida Turnpike interchanges provide significant advantages. The property also offers expansion potential

    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
    -82.0592
    Latitude
    28.7998

    Comparable in this City

    • Value Estimation
      $775,000
      8,220 SF

      8891 State Rd 44

      MINI-WAREHOUSE, STORAGE • 8,220 SF
      8891 State Rd 44, Wildwood, FL 34785
      View Details
    • Value Estimation
      $6,800,000
      20,000 SF

      3384 34th Ave

      MINI-WAREHOUSE, STORAGE • 20,000 SF
      3384 34th Ave, Wildwood, FL 34785-8093
      View Details
    • Value Estimation by Request
      10,800 SF

      1501 Industrial Dr

      MINI-WAREHOUSE, STORAGE • 10,800 SF
      1501 Industrial Dr, Wildwood, FL 34785-9419
      View Details
    • Value Estimation
      $1,170,000
      12,096 SF

      5626 C Thomas Rd

      MINI-WAREHOUSE, STORAGE • 12,096 SF
      5626 C Thomas Rd, Wildwood, FL 34785-5108
      View Details
    • Value Estimation by Request
      1,785 SF

      99 Lemon St

      MINI-WAREHOUSE, STORAGE • 1,785 SF
      99 Lemon St, Wildwood, FL 34785
      View Details
    • Value Estimation by Request
      7,680 SF

      5688 State Rd 44

      MINI-WAREHOUSE, STORAGE • 7,680 SF
      5688 State Rd 44, Wildwood, FL 34785-8281
      View Details

    Similar Nearby for Sale

    • $12,750,000

      Income-Generating Flex Warehouse Investment

      Fully leased flex warehouse near The Villages with strong cashflow.
      4707 County Road 156, 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
    • $12,750,000
      75,000 SF

      Income-Generating Flex Warehouse Investment

      Fully leased flex warehouse property near The Villages growth area.
      4707 County Road 156, Wildwood, FL 34785
      View Details
    • $2,100,000
      2.00 Acres

      Wildwood Commercial Land For Sale

      2 acres of commercial land with highway access.
      6981 E State Road 44, Wildwood, FL 34785
      View Details

    Similar Nearby for Lease

    • $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
      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
    • $15,000 /Mo
      3,079 SF

      Wildwood Office Space For Rent

      Office space available for lease in Wildwood, Florida.
      900 Cleveland Ave, Wildwood, FL 34785
      View Details
    • $3,000 /Mo
      2,348 SF

      WILDWOOD, FL Commercial Office Space

      Prime commercial office space in WILDWOOD, FL for lease.
      601 Webster St, 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.
    7302 Warm Springs Ave
    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

    Thank You for Inquiry
    7302 Warm Springs Ave, Wildwood, FL, 34785
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!