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    Property profile & analytics

    115 Main St Wildwood, FL 34785-4048

    • Retail space
    • 1,344 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Apr 26, 2023
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    6%
    Retail space
    Location Intelligence
    Property ID
    US18-0177784
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Our Mothers Attic / Thrift Store
    • Yesterday & Today / Store
    • Veronica Stevenson / Hair Salon
    • Tou Lou Color Salon / Hair Salon / Beauty Salon
    • Brow Baby @ Tou Lou / Permanent Make-Up Clinic

    Property Details for 115 Main St

    Year built
    1924
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.05 lot acres
    Property size
    1,344 SF
    Property type
    Retail space
    APN
    G06L142
    APU
    G06L142

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $255,000
      6.5%
      $235,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $388,000
      Market price range: $107k - $424k
      AI Estimate
      $247,000
      Market price range: $68.0k - $248k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Sumter
    State
    Florida
    Longitude
    -82.0411
    Latitude
    28.863
    CBSA code
    45540
    CBSA name
    THE VILLAGES, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,507
    $49,460
    $188,570
    $238,030
    -
    $49,460
    $188,570
    $238,030

    Comparable in this City

    • Value Estimation
      $800,000
      30,360 SF

      6000 Signature Dr

      RETAIL STORES (PERSONAL SERVICES) • 30,360 SF
      6000 Signature Dr, Wildwood, FL 34785-9510
      View Details
    • Value Estimation
      $2,335,000
      9,161 SF

      32501 Sumter Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,161 SF
      32501 Sumter Line Rd, Wildwood, FL 34785-8801
      View Details
    • Value Estimation by Request
      1,485 SF

      109 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,485 SF
      109 Main St, Wildwood, FL 34785-4048
      View Details
    • Value Estimation
      $255,000
      2,504 SF

      311 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,504 SF
      311 Main St, Wildwood, FL 34785-4530
      View Details
    • Value Estimation
      $240,000
      912 SF

      529 State Rd 44

      RETAIL STORES (PERSONAL SERVICES) • 912 SF
      529 State Rd 44, Wildwood, FL 34785-8404
      View Details
    • Value Estimation
      $355,000
      11,200 SF

      901 Main St

      RETAIL STORES (PERSONAL SERVICES) • 11,200 SF
      901 Main St, Wildwood, FL 34785-5316
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Wildwood Corner Retail/Office Opportunity

      3,215 SF building on a busy corner in Wildwood.
      324 S Main St, Wildwood, FL 34785
      View Details
    • $849,000
      360 SF

      US Hwy 301 Commercial Property

      .85-Acre lot with 360 sq ft building. High traffic location.
      830 Main St, Wildwood, FL 34785
      View Details
    • $675,000
      Pending

      Wildwood Retail/Office Investment Opportunity

      Retail/office complex with multiple income streams in prime location.
      101 Huey St, Wildwood, FL 34785
      View Details
    • $360,000
      1,672 SF

      Commercial Building in Downtown Wildwood

      Updated commercial building near shopping, dining, and major highways.
      206 Barwick St, Wildwood, FL 34785
      View Details
    • $199,900

      Wildwood Commercial Property For Sale

      Versatile commercial property in Wildwood, Florida, with excellent potential.
      801 N Old Wire Rd, Wildwood, FL 34785
      View Details
    • $597,900

      Stand-Alone Commercial Building For Sale

      Stand-alone commercial building with high visibility and ample parking.
      5107 County Road 163, Wildwood, FL 34785
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      52,779 SF

      Wildwood Marketplace Retail Space

      Florida Retail Center: Multiple Spaces Available
      400 Gulf Atlantic Hwy, Wildwood, FL 34785
      View Details
    • $30,000

      Retail Space Available For Rent

      Retail space available for rent at $11 per square foot.
      900 Cleveland Ave, Wildwood, FL 34785
      View Details
    • $42,000

      Retail Space for Rent

      Retail space available for lease in Wildwood, Florida.
      504 Stanley Ave, Wildwood, FL 34785
      View Details
    • Contact for pricing
      3,316 SF

      Retail Space in Wildwood, FL

      Retail space available for lease in Wildwood, Florida.
      3530 County Road 44A, Wildwood, FL 34785
      View Details
    • $240,000

      Retail Space Available For Rent

      Retail space available for rent at $11 per square foot.
      4713 E State Road 44, Wildwood, FL 34785
      View Details
    • $56,120

      Retail Space on State Road

      Retail space available for lease on State Road 44.
      6596 E State Road 44, Wildwood, FL 34785
      View Details
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    115 Main St
    Wildwood, FL 34785-4048
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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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