400 Gulf Atlantic HwyWildwood, FL 34785
- Mixed-use properties
- 2,440 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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