400 Gulf Atlantic HwyWildwood, FL 34785

  • Mixed-use properties
  • 2,440 SF
For Lease

Property Details for 400 Gulf Atlantic Hwy

Year built
1972
Construction
STEEL FRAME
Lot size
0.68 AC
Property size (Sq ft)
2,440 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
G07-074
APU
G07074

Description

Wildwood Marketplace, a 52,779-square-foot Class C retail center in Wildwood, Florida (APN G07=057), offers multiple storefront spaces for lease. Located at 400 W Gulf Atlantic Hwy, 34785, this property boasts 40,817 square feet of vacant space, divisible into units ranging from 2,584 to 38,233 contiguous square feet. Built in 2001, the center sits on 23.93 acres and provides ample parking (6 spaces per 1,000 square feet). Its C3 zoning allows for a variety of retail uses. The property benefits from its proximity to The Villages, a major development featuring 22,000 new homes and 2.3 million square feet of commercial space currently under construction, and is just 1.5 miles from The Villages and 1 mile from the Turnpike. Lease rates are negotiable, based on space size and lease term, with guidance ranging from $12 per square foot per year for larger spaces to $25 per square foot per year for smaller spaces, plus $3.50 per square foot per year in NNN expenses. Vacant units are clearly marked.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $641,670
    6.5%
    $592,310
    7%
    $550,002
  • Comparable approach

    Method
    Valuation
    Relative Method
    $593,887
    Geo Method
    $593,887
  • Alternative Use

    Use
    Valuation
    Residential
    $592,310
    Hospitality
    $542,553
    Educational
    $451,398
    Medical
    $466,922
    Retail
    $702,174
400 Gulf Atlantic Hwy, Wildwood, Florida

Location Insight

City
Wildwood
County
Sumter
State
Florida
Latitude
28.8466
Longitude
-82.0428
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
$1,800
$68,380
$87,730
$156,110
-
$68,380
$87,730
$156,110

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