Corner Storefront with
For Sale
$369,900
1340 HOWELL Avenue, Brooksville, FL 34601
Commercial Sale, BROOKSVILLE, FL
Property Size2,000 SF
Lot Size0.22 Acres
Price / SF$181.32
Days on Market511
Property Features for 1340 HOWELL Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C1
Subdivision
NORTH BROOK
Lot features
Corner Lot, Sidewalk, Paved
Directions
From the Courthouse on Main Street...follow north onto Howell Ave. Go past Hernando High School. The building will be on your right at the corner of Howell and Brook, prior to getting to Yontz and US 41.
Standard status
Active
APN
R14-122-19-0700-00A0-0030
Size
2,040 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
NORTH BROOK BEING A PART OF BLK A A TRACT 105.63X100.95X130X61X 65.03 FT MOL PART LOTS 3 & 4
Tax Annual Amount
1955
Legal Description
NORTH BROOK BEING A PART OF BLK A A TRACT 105.63X100.95X130X61X 65.03 FT MOL PART LOTS 3 & 4
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1967
Floors in Building
1
Flooring type
Terrazzo
Building materials
Block, Stucco, Frame
Roof type
Shingle
Listing Agency:
HOME LAND REAL ESTATE INC
(352) 556-0909
Listed By:
Kimberly Pye, PA · License #3315876
(352) 279-1150
Added: Apr 22, 2025
Changed: Aug 19
Last Checked: Sep 14 at 10:06PM
MLS# W7874695
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1967 storefront building contains 2,040 square feet and is situated on a 0.22-acre corner parcel. The property includes a powered marquee, fenced backyard, six parking spaces, terrazzo flooring, central heating, and central air conditioning. Two new AC units were installed in 2025. The sale includes the contents of the existing variety store, and the building has one bathroom. A shingle roof dates to 2008.
The property is located at 1340 Howell Avenue in Brooksville, outside the city limits, approximately two minutes from downtown Brooksville and not far from Hernando High School. It has C1 zoning, public water, septic service, and electricity available. The site is identified as having no flood exposure.
The property is located at 1340 Howell Avenue in Brooksville, outside the city limits, approximately two minutes from downtown Brooksville and not far from Hernando High School. It has C1 zoning, public water, septic service, and electricity available. The site is identified as having no flood exposure.
Key Highlights
- 2,040‑square‑foot storefront on a 0.22‑acre corner lot
- C1 zoning with powered marquee and fenced backyard
- Two new AC units installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,028
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$400,560
$400.6K
Cap Rate 7%
$286,114
$286.1K
Cap Rate 9%
$222,533
$222.5K
Market Conditions
NOI Build-Up for 2,040 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.6K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$28.6K $14.03/SF
− OpEx
−$8.6K −$4.21/SF
NOI
$20.0K $9.82/SF
Area
Pasco County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$400,560
Cap Rate 7%
$286,114
Cap Rate 9%
$222,533
Alternative Uses
Best Use
Retail
$286.1K
$250.4K – $333.8K
NOI $20,028 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$464.7K
$406.6K – $542.2K
NOI $32,529 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
12,353 visits/mo
0.4 miles
Dollar General
Shops & Services
9,880 visits/mo
0.3 miles
Demographics for 34601, FL
23,001
Population
12,276
Households
1.9
Avg Household Size
50
Median Age
20%
College-Educated
88%
High-School Grad
114.0 sq mi
ZIP Area
202
Density / Sq Mi
$56,365
Median Household Income
$35,182
Median Earnings
$1,066
Median Rent
$151,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - C1-zoned commercial building with updated cooling, fenced outdoor space, and existing retail contents.
Where is this storefront property located?
The property is located at 1340 HOWELL Avenue Brooksville, FL.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 2,040‑square‑foot storefront on a 0.22‑acre corner lot; C1 zoning with powered marquee and fenced backyard; Two new AC units installed in 2025
