Brooksville C1 Zoned
For Sale
$369,900
1340 HOWELL Ave, Brooksville, FL 34601
2,000 SF C1 zoned building near downtown Brooksville.
Property Size2,040 SF
Lot Size0.22 Acres
Price / SF$184.95
Days on Market166
Property Features for 1340 HOWELL Ave
General Information
Standard status
Active
Size
2,040 SF
Lot size
0.22 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,954
Building Details
Building Size
2,040 SF
Year Built
1967
Stories
1
Listing Agency:
Home-Land Real Estate, Inc.
(352) 279-1150
Listed By:
Kimberly Pye, PA · License #3315876
(352) 279-1150
Source:
Elliman
Added: Mar 10
Changed: Aug 9
Last Checked: Aug 22 at 11:29AM
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 Home-Land Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 2,000 square foot building is located on Howell Ave in Brooksville, FL, just outside the city limits. It is zoned C1 and features a corner lot with a fenced backyard. The property includes a marque with power already on site. There are 6 parking spaces, with the possibility of adding more. The building has one bathroom, with the option to reinstate a second bathroom. It is connected to city water and uses a septic system. The roof was installed in 2008. The property is not in a flood zone. Located not far from Hernando High School and 2 minutes from downtown Brooksville, the building is currently used as a Variety Store, and the sale includes the store's contents. The property is suitable for various businesses, such as a title company, accounting office, real estate office, law office, counselor, roofing company, pest control company, hair salon, smoke shop, antique store, boutique, or florist. The layout allows for multiple businesses to operate within the space, offering the option to rent out a portion of the building. Two new AC units were installed in 2025. The corner lot provides visibility and easy access.
Key Highlights
- Prime C1 Zoned Location: Stop paying rent and invest in property, ideal for various businesses.
- Two Brand New AC Units (2025): Ensures energy efficiency and reduces future maintenance costs.
- Corner Lot with Fenced Backyard: Provides excellent visibility, easy access, and secure outdoor space.
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
$19,635
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
5.31%
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%
$392,700
$392.7K
Cap Rate 7%
$280,500
$280.5K
Cap Rate 9%
$218,167
$218.2K
Market Conditions
NOI Build-Up for 2,000 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
$30.0K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$28.1K $14.03/SF
− OpEx
−$8.4K −$4.21/SF
NOI
$19.6K $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%
$392,700
Cap Rate 7%
$280,500
Cap Rate 9%
$218,167
Alternative Uses
Best Use
Retail
$280.5K
$245.4K – $327.3K
NOI $19,635 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$455.6K
$398.6K – $531.5K
NOI $31,891 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - 2,000 SF C1 zoned building near downtown Brooksville.
Where is this storefront property located?
The property is located at 1340 HOWELL Ave 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: Prime C1 Zoned Location: Stop paying rent and invest in property, ideal for various businesses.; Two Brand New AC Units (2025): Ensures energy efficiency and reduces future maintenance costs.; Corner Lot with Fenced Backyard: Provides excellent visibility, easy access, and secure outdoor space.
