Prime Commercial Property on
29114 CORTEZ Blvd Brooksville, FL 34602
For Sale
$800,000
High-visibility commercial property with flexible zoning in a growing area.
Property Size2,691 SF
Lot Size3.10 Acres
Price / SF$297.29
Days on Market93
Property Features for 29114 CORTEZ Blvd
General Information
Standard status
Active
Size
2,691 SF
Lot size
3.10 Acres
Property subtype
Commercial
Building Details
Year Built
1980
Listing Agency:
(352) 585-3872
Listed By:
Anthony Kanaris PLLC · License #3342272
(352) 585-3872
Source:
Elliman
Added: Apr 28
Changed: Jul 10
Last Checked: Jul 29 at 6:26AM
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 Anthony Kanaris PLLC
Investment Insights
Based on property information with market context.
This commercial property is located in a high-visibility location in Hernando County, an area experiencing rapid growth. The property features over 500 feet of direct frontage on Cortez Boulevard (SR50), which sees over 20,000 vehicles daily, and offers convenient access to I-75. The property consists of three parcels, combining for approximately 3.1 acres. The zoning is a mix of C2, R3, and AR, offering flexibility for commercial, residential, or mixed-use development. Situated along a major commercial corridor, the site is positioned to attract investment and expansion. The location is proximate to a mix of national and regional businesses, including Walmart Supercenter, Lowe’s, Tractor Supply Co., Capital City Bank, SouthState Bank, Regions Bank, AutoZone, and O’Reilly Auto Parts, as well as multiple auto dealerships, distribution facilities, light industrial parks, restaurants, and gas and convenience options. The property is located minutes from the I-75 interchange, approximately 50 minutes from Tampa International Airport, approximately one hour from St. Pete–Clearwater International Airport, approximately 20 minutes from Downtown Brooksville, and approximately 30 minutes from the Wesley Chapel/SR-56 corridor. The main building, constructed in 1980, offers 2,691 square feet of space. The detached garage, built in 2009, features 630 square feet of enclosed storage/garage area and 1,574 square feet of auxiliary area comprising covered porch areas and an oversized carport measuring 24x44. The property is suitable for retail, office, medical, or light industrial use. The bike score is 33, indicating it is somewhat bikeable, while the walk score is 4, indicating car-dependent accessibility.
Key Highlights
- High‑visibility location with over 500' frontage on Cortez Boulevard (SR50) and 20,000+ daily traffic
- 3.1± acres comprised of three parcels
- Flexible C2/R3 & R3/AR zoning allows for commercial, residential, or mixed‑use development
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.4k | $15.00 |
| − Vacancy | −$2.6k | −$0.98 |
| EGI | $37.7k | $14.03 |
| − OpEx | −$11.3k | −$4.21 |
| NOI | $26.4k | $9.82 |
2,691 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$377.4K
$330.2K – $440.3K
NOI $26,419 @ 7.0% cap · market cap 3.30%
Second Best
Office B
$259.4K
$227.0K – $302.7K
NOI $18,159 @ 7.0% cap · market cap 2.27%
Theoretical Best
Office A
$613.0K
$536.4K – $715.2K
NOI $42,910 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - High-visibility commercial property with flexible zoning in a growing area.
Where is this commercial land located?
The property is located at 29114 CORTEZ Blvd Brooksville, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: High‑visibility location with over 500' frontage on Cortez Boulevard (SR50) and 20,000+ daily traffic; 3.1± acres comprised of three parcels; Flexible C2/R3 & R3/AR zoning allows for commercial, residential, or mixed‑use development