Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1305 Cleveland Ave Wildwood, FL 34785-3605

    • Medical offices
    • 10,000 SF
    • 1.88 lot acres
    OFF-MARKET
    Value Estimations
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3800348
    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

    • Down Home Properties / Real Estate Agency
    • Mike Joy, Down Home Realty / Real Estate Agency
    • Lake Gastroenterology Associates / Medical Clinic
    • Hannah Joy, Licensed Real Estate Agent / Real Estate Agency
    • VIPcare Wildwood / Medical Clinic

    Property Details for 1305 Cleveland Ave

    Year built
    2018
    Construction
    CONCRETE
    Lot size
    1.88 lot acres
    Property size
    10,000 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    G05-010
    APU
    G05010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,158,000
      Market price range: $374k - $1.43M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $910,000
      Current use
      AUTO REPAIR, GARAGE
      $1,745,000
      Change: +92% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,735,000
      Change: +91% Conversion: Easy
      OFFICE BUILDING
      $1,650,000
      Change: +82% Conversion: Easy
      RETAIL STORES
      $1,325,000
      Change: +46% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Sumter
    State
    Florida
    Longitude
    -82.0257
    Latitude
    28.8661
    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
    $22,624
    $1,105,560
    $1,618,450
    $2,724,010
    -
    $1,105,560
    $1,618,450
    $2,724,010

    Comparable in this City

    • Value Estimation
      $1,150,000
      11,654 SF

      9580 Us Hwy 301

      MEDICAL BUILDING • 11,654 SF
      9580 Us Hwy 301, Wildwood, FL 34785-8772
      View Details
    • Value Estimation
      $995,000
      10,000 SF

      5497 State Rd 44

      MEDICAL BUILDING • 10,000 SF
      5497 State Rd 44, Wildwood, FL 34785-8282
      View Details
    • Value Estimation
      $595,000
      9,638 SF

      5571 State Rd 44

      MEDICAL BUILDING • 9,638 SF
      5571 State Rd 44, Wildwood, FL 34785-8282
      View Details
    • Value Estimation
      $605,000
      5,904 SF

      4064 State Rd 44

      MEDICAL BUILDING • 5,904 SF
      4064 State Rd 44, Wildwood, FL 34785-7494
      View Details
    • Value Estimation
      $6,250,000
      8,705 SF

      5743 Williamsburg Ln

      MEDICAL BUILDING • 8,705 SF
      5743 Williamsburg Ln, Wildwood, FL 34785-8129
      View Details
    • Value Estimation
      $885,000
      8,439 SF

      4767 County Rd 466a

      MEDICAL BUILDING • 8,439 SF
      4767 County Rd 466a, Wildwood, FL 34785-3616
      View Details

    Similar Nearby for Sale

    • $950,000
      Pending

      Prime Land Parcel in Wildwood, FL

      10-acre parcel ideal for assisted living or other development.
      County Road 462, Wildwood, FL 34785
      View Details
    • $399,900

      Versatile Office Building For Sale

      Strategically located office building with high visibility and convenient access.
      609 N Old Wire Rd, Wildwood, FL 34785
      View Details
    • $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
    • $1,250,000
      4,559 SF

      Wildwood Office Building - $1.25M

      Prime Wildwood location, high traffic, 4,559 SF.
      837 Main St, Wildwood, FL 34785
      View Details
    • $410,000
      1,620 SF

      Prime Wildwood Office Building

      High-visibility office, ideal location.
      5205 - Sr 44, Wildwood, FL 34785
      View Details
    • $339,000
      1,873 SF

      Wildwood Office Building - Prime Location

      C-1 Zoned Commercial Office, Ready to Build
      712 Old Wire Rd, Wildwood, FL 34785
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      7,500 SF

      The Villages Area Office Suites

      New Medical/Office Space - Wildwood, FL
      4713 Fl-44, Wildwood, FL 34785
      View Details
    • $14 SF/Yr
      9,000 SF

      Shamrock Park Office Suites

      Wildwood, FL Office Space Available
      4430 83Rd Rd, 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
    • $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
    • $13 SF/Yr
      15,800 SF

      Coleman Flex Business Park

      Wildwood, FL Industrial Suites
      2836 County Road 523, Wildwood, FL 34785
      View Details
    • 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
    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.
    1305 Cleveland Ave
    Wildwood, FL 34785-3605
    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.