Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    602 Old Wire Rd Wildwood, FL 34785-3831
    Back to Search
    Property profile & analytics

    602 Old Wire Rd, Wildwood, FL 34785-3831

    View on Map
    • Office buildings
    • 828 SF
    • 0.23 lot acres
    Off-Market
    Property ID
    US18-4327330
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mike Schaefer - Sally Love Realty / Real Estate Agency
    • Sally Love Real Estate Inc.: Michelle & Dori Zieth / Real Estate Agency
    • Terrie Alderman, SALLY LOVE REAL ESTATE INC / Real Estate Agency
    • Rob Crawford, Realtor | Loch Realty Group / Real Estate Agency
    • Matthew Kaczmarczyk / Real Estate Agency

    Property Details for 602 Old Wire Rd

    Year built
    1924
    Construction
    STEEL FRAME
    Lot size
    0.23 lot acres
    Property type
    Office buildings
    APN
    G05D142
    APU
    G05D142

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 23, 2017 $36,500 Baltic Property Mgmt Group LLC Papio Robert V Trust Warranty Deed —
    Jun 12, 2014 — Papio,robert V Family Trust Papio,robert V Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Sumter
    State
    Florida
    Longitude
    -82.0368
    Latitude
    28.8657
    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
    $1,638
    $6,060
    $119,410
    $125,470
    -
    $6,060
    $119,410
    $125,470

    Comparable in this City

    • Value Estimation
      $940,000
      6,061 SF

      300 Main St

      PROFESSIONAL BUILDING
      300 Main St, Wildwood, FL 34785-4542
      View Details
    • Value Estimation
      $720,000
      3,016 SF

      4319 State Rd 44

      PROFESSIONAL BUILDING
      4319 State Rd 44, Wildwood, FL 34785
      View Details
    • Value Estimation by Request
      312 SF

      4316 County Rd 124a

      OFFICE BUILDING
      4316 County Rd 124a, Wildwood, FL 34785-8712
      View Details
    • Value Estimation by Request
      1,215 SF

      5775 County Rd 462

      OFFICE BUILDING
      5775 County Rd 462, Wildwood, FL 34785-8919
      View Details
    • Value Estimation by Request
      1,998 SF

      409 Main St

      PROFESSIONAL BUILDING
      409 Main St, Wildwood, FL 34785-4532
      View Details
    • Value Estimation
      $1,240,000
      3,899 SF

      3494 Us Hwy 301

      OFFICE BUILDING
      3494 Us Hwy 301, Wildwood, FL 34785-8373
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,620 SF

      Professional Office Building Near Villages

      Well-maintained office building with excellent visibility and access.
      5205 County Road 171, Wildwood, FL 34785
      View Details
    • Contact for pricing
      1,620 SF

      Professional Office Building Near Villages

      Professional office building with excellent visibility and access.
      5205 - Sr 44, Wildwood, FL 34785
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,750 SF

      Medical Office on Hospital Campus

      New Class A medical office space for lease.
      6131 7 Mile Dr, Wildwood, FL 34785
      View Details
    • $2.00 SF/Yr

      Wildwood Commercial Office Space

      Commercial office space for rent in Wildwood, Florida.
      600 Lee St, Wildwood, FL 34785
      View Details
    • $103,320

      Medical Office Space in Wildwood

      Turnkey medical office space in high-traffic retail and medical corridor.
      4064 E State Road 44, Wildwood, FL 34785
      View Details
    • Contact for pricing
      2,000 SF

      Medical Office Space For Rent

      Class A medical office space in high-traffic location.
      102103-4669 E State Road 44, 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.
    602 Old Wire Rd
    Wildwood, FL 34785-3831
    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
    602 Old Wire Rd, 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!