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Property profile & analytics
FOR LEASE
Office buildings
900 Cleveland Ave Wildwood, FL 34785
Individually Owned
1-yr Hold
Absentee Owner
Property ID
US18-8309309
For Lease
1 / 16
$15,000/Mo
900 Cleveland Ave, Wildwood, FL 34785
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
CONCRETE
Total area
3,746 SF
Lot
1.05 ac (45,607 SF)
APN
G05-049
UPID
US18-8309309
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Hagar Group Insurance Agency
-
Flamingo Real Estate & Management Real Estate Agency
-
Wildwood Family Psychiatry, PLLC Medical Clinic
-
Roy Vaca, Realtor Real Estate Agency
-
The Closing Table Title Insurance Agency LLC Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$436k
Blend (final)
Blend
$650k
Owner & transaction history
William M Word · 1 yrs held
William M Word
since 2024
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wildwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wildwood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$745,000
Current use
RETAIL STORES
$720,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Sep 9 2024)
Last sale anchor
$650k
Sep 9 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$174 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,968
Tax year 2023
Assessed value
$336,600
Assessed 2023
Previous assessed
$336,600
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$24,180
Assessed improvement
$312,420
Land market value
$24,180
Improvement market value
$312,420
Total market value
$336,600
Applied tax rate
2,002.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1967
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
3,746 SF
Lot
1.05 ac (45,607 SF)
APN
G05-049
UPID
US18-8309309
Jurisdiction
SUMTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$745,000
RETAIL STORES
Est. value
$720,000
OFFICE BUILDING Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
William M Word
Individual
Mailing address
25 CHINKAPIN DR, BLUE RIDGE, GA 30513-7825
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
$650,000
William M Word
Bernard J Derose JR
Warranty Deed
—
Jun 1, 2020
—
Rodey Cleveland LLC
—
Deed
related
$212,900 · Citizens First Bk
Mar 27, 2017
—
Rodey Cleveland LLC
—
Deed
related
$75,000 · Larry W & Leanne C Williams
Sep 21, 2016
$150,000
Rodey Cleveland LLC
Estarellas,antonio
Warranty Deed
$150,000 · Larry W & Leanne C Williams
Dec 29, 2011
—
Estarellas Antonio Living Trust
Estarellas,antonio
Quit Claim Deed
related
—
Oct 1, 2008
$250,000
Antonio Estarellas
Crespo,mario A
Warranty Deed
—
—
—
Rodey Cleveland LLC
—
Deed Of Trust
related
$212,900 · Citizens First Bk
—
—
Rodey Cleveland LLC
—
Deed Of Trust
related
$75,000 · Larry W & Leanne C Williams
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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