Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15738 PONCE DE LEON BOULEVARD Brooksville, FL 34601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,450,000

    Land available on Ponce De Leon Boulevard and Citrus Way.

    Property size:
    5,037 SF
    Added:
    Dec 14, 2024
    Days on Market:
    490
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 15738 PONCE DE LEON BOULEVARD

    General Information

    Standard status
    Active
    Size
    5,037 SF

    Building Details

    Year Built
    1951

    We can help!

    Listing Contact
    Johnny Wild

    Listing agent Johnny Wild License #3273446

    Listing office WILD REALTY & INV. CO., INC.

    Listing date Dec 14, 2024

    Source Evrealestate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of WILD REALTY & INV. CO., INC.

    Overview

    Land on Ponce De Leon

    This commercial land is located at the southeast corner of US 98 (Ponce De Leon Boulevard) and County Road 491 (Citrus Way) in Hernando County. The property has a size of 5037 square feet.
    Location Intelligence

    Current Use by Public Records

    Coastal Gas Station DesChamps Corner Gas Station

    Suggested Use

    Building Supply Auto Repair Shop Big Box & Wholesale Store Food Market Grocery & Convenience Store Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Pasco
    State
    Florida
    Longitude
    -82.4463888
    Latitude
    28.6511731

    Nearby Similar for Sale

    • $550,000
      6,900 SF

      Versatile Property on Broad Street

      Adaptable property suitable for retail, restaurant, office, or mixed-use.
      11738 BROAD STREET, BROOKSVILLE, FL 34601
      View Details
    • $2,900,000
      7,754 SF

      Prime Location on Cortez Boulevard

      2.2 acres zoned C-2 with high traffic and utilities.
      15010 CORTEZ BOULEVARD, BROOKSVILLE, FL 34613
      View Details
    • $895,000

      BROOKSVILLE Land Near Spring Ridge

      4.9 acres with potential for commercial or multi-family development.
      SUNSHINE GROVE ROAD, BROOKSVILLE, FL 34613
      View Details
    • $950,000
      3,456 SF

      Income Producing Multi-Family Property

      AG zoned property with main house and assisted living facility.
      15458 SNOW MEMORIAL HIGHWAY, BROOKSVILLE, FL 34601
      View Details
    • $995,000

      BROOKSVILLE Land For Sale

      8.4 acres zoned for heavy highway commercial use.
      9247 SUNSHINE GROVE ROAD, BROOKSVILLE, FL 34613
      View Details
    • $499,000

      5 Acres Corner Lot Land

      High and dry 5-acre corner lot in a growing area.
      0 SHADY HILLS, SPRING HILL, FL 34610
      View Details
    • $2,100,000
      9,200 SF

      Multi-Use Commercial Property For Sale

      High-visibility commercial property with three income-generating businesses on Cortez Boulevard.
      8415 CORTEZ BOULEVARD, WEEKI WACHEE, FL 34607
      View Details
    • $575,000
      2,070 SF

      Turnkey Medical Office Suite

      Medical office suite inside HCA Oak Hill Hospital, Brooksville, FL.
      11373 CORTEZ BOULEVARD, BROOKSVILLE, FL 34613
      View Details
    • $999,000

      Brooksville Land For Sale

      Nearly 5 acres of commercial land with high visibility.
      0 SUNSHINE GROVE ROAD, BROOKSVILLE, FL 34613
      View Details
    • $379,000

      Spacious Homesite in Brooksville, FL

      4.9-acre homesite near Suncoast Parkway with no HOA or CDD.
      13070 CROWELL ROAD, BROOKSVILLE, FL 34613
      View Details
    • $579,000
      640 SF

      Commercial Building with Rented Apartment

      Income-producing commercial building with apartment on a fully fenced lot.
      13379 CHAMBORD STREET, BROOKSVILLE, FL 34613
      View Details
    • $2,300,000

      Almost 7 Acres on Cortez

      Commercial land with high traffic and great visibility.
      16076 CORTEZ BOULEVARD, BROOKSVILLE, FL 34613
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land available on Ponce De Leon Boulevard and Citrus Way.
    Where is this commercial land located?
    The property is located at 15738 PONCE DE LEON BOULEVARD Brooksville, FL.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: Located on the corner of US 98 and County Road 491.; Zoned cooling.; Includes a microwave and refrigerator.
    (813) 991-7717
    We can help!
    Listing Contact
    Johnny Wild
    Real Estate License ID: 3273446
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!