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

    8561 State Road 44 Wildwood, FL 34785

    • Automotive properties
    • 2,400 SF
    • 2.45 lot acres
    For Sale
    View listing
    $800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1647437
    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

    • Automotive properties

    Property Details for 8561 State Road 44

    Year built
    1972
    Construction
    STEEL FRAME
    Lot size
    2.45 lot acres
    Property size
    2,400 SF
    Property type
    Automotive properties
    APN
    G24-008
    APU
    G24008

    Description

    This exceptional 2.45-acre industrial property in Wildwood, Florida, presents a unique redevelopment opportunity. Located on State Road 44, just east of Morse Boulevard and directly across from The Villages, this site boasts over 1,000 feet of road frontage, ensuring maximum visibility for any business. The property's strategic location, opposite The Villages Lake Deaton Plaza, offers unparalleled access to a thriving consumer base. The existing structures, from a former mechanic shop, can potentially generate significant impact fee and water retention credits, streamlining the redevelopment process. Currently zoned Industrial by Sumter County, this property is not subject to the Joint Planning Agreement, meaning it falls under Sumter County's zoning and land development regulations, offering flexibility in potential uses. The 2,400 square foot building provides a solid foundation for a new development. While currently utilizing well and septic for utilities, water and sewer connections are not currently available. The property also features a prominent monopole billboard, further enhancing its visibility and marketing potential. This is a rare chance to establish a business in a high-growth area with excellent visibility and significant development advantages. Schedule a showing to explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Sumter
    State
    Florida
    Longitude
    -81.9615
    Latitude
    28.8217
    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
    $823
    $54,240
    $13,020
    $67,260
    -
    $54,240
    $13,020
    $67,260

    Comparable in this City

    • Value Estimation by Request
      7,128 SF

      200 Gulf Atlantic Hwy

      VEHICLE SALES, RENTALS • 7,128 SF
      200 Gulf Atlantic Hwy, Wildwood, FL 34785-8497
      View Details
    • Value Estimation
      $520,000
      6,380 SF

      429 Main St

      VEHICLE SALES, RENTALS • 6,380 SF
      429 Main St, Wildwood, FL 34785
      View Details
    • Value Estimation by Request
      1,159 SF

      300 Clay Drain Rd

      VEHICLE SALES, RENTALS • 1,159 SF
      300 Clay Drain Rd, Wildwood, FL 34785
      View Details
    • Value Estimation by Request
      1,947 SF

      206 Main St

      VEHICLE SALES, RENTALS • 1,947 SF
      206 Main St, Wildwood, FL 34785-4527
      View Details
    • Value Estimation
      $2,595,000
      17,220 SF

      419 State Rd 44

      VEHICLE SALES, RENTALS • 17,220 SF
      419 State Rd 44, Wildwood, FL 34785-8416
      View Details
    • Value Estimation by Request
      960 SF

      402 Kilgore St

      VEHICLE SALES, RENTALS • 960 SF
      402 Kilgore St, Wildwood, FL 34785-3938
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing

      High Traffic Outparcels For Sale

      Outparcels available for sale or lease in high-growth area.
      301 And Crk 462, Wildwood, FL 34785
      View Details
    • $900,000

      Prime Wildwood Retail Land

      High-traffic retail lot near Brownwood Town Center.
      00 Signature Rd, Wildwood, FL 34785
      View Details
    • $5,400,000

      Prime Coleman, FL Development Land

      54 Acres, Hwy 301 Realignment, High Growth
      0 County Road 523, Wildwood, FL 34785
      View Details
    • Contact for pricing
      54.50 Acres

      Prime Sumter County Commercial Land

      54.5 Acres, High-Traffic Location
      0 Tpke, Sumterville, 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

    Similar Nearby for Lease

    • $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
    • 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
    • $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
    • Contact for pricing
      52,779 SF

      Wildwood Marketplace Retail Opportunity

      52,779 SF shopping center near The Villages.
      400-480 W Gulf Atlantic Hwy, 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
    • $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
    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.
    8561 State Road 44
    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.