Two-Tenant Flex
For Sale
$1,700,000
15424 AVIATION LOOP, Brooksville, FL 34604
Built in 2005, the property supports single-tenant occupancy with potential for separate commercial configurations.
Property Size10,800 SF
Days on Market47
Property Features for 15424 AVIATION LOOP
General Information
Standard status
Active
Size
10,800 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$8,995
Building Details
Building Size
10,800 SF
Year Built
2005
Buildings
1
Tenancy
Single
Listing Agency:
TOMMIE DAWSON REALTY
Listed By:
Debbie Selph · License #369365
(352) 650-9457
Source:
Elliman
Added: Sep 15
Changed: Oct 31
Last Checked: Oct 30 at 4:41PM
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 TOMMIE DAWSON REALTY
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Investment Insights
Based on property information with market context.
This flex-space building was completed in 2005 and is arranged to support two independent commercial occupancies. It is currently leased to one tenant, allowing the existing operation to remain in place while retaining the building’s planned multi-occupant configuration.
The property is located at 15424 Aviation Loop in Brooksville, Florida. Walk Score is 5, reflecting a car-dependent setting, while Bike Score is 28, classified as somewhat bikeable. An additional property at 15271 Flight Path Drive is also available diagonally across from the building.
The property is located at 15424 Aviation Loop in Brooksville, Florida. Walk Score is 5, reflecting a car-dependent setting, while Bike Score is 28, classified as somewhat bikeable. An additional property at 15271 Flight Path Drive is also available diagonally across from the building.
Key Highlights
- Flex‑space building completed in 2005
- Layout supports two independent commercial occupancies
- Currently occupied by a single tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,168
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,623,360
$2.6M
Cap Rate 7%
$1,873,829
$1.9M
Cap Rate 9%
$1,457,422
$1.5M
Market Conditions
NOI Build-Up for 10,800 SF
Gross rent
$198.3K $18.36/SF
− Vacancy
−$10.9K −$1.01/SF
EGI
$187.4K $17.35/SF
− OpEx
−$56.2K −$5.21/SF
NOI
$131.2K $12.15/SF
Area
Hernando County, FL
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,623,360
Cap Rate 7%
$1,873,829
Cap Rate 9%
$1,457,422
Alternative Uses
Best Use
Industrial
$1.87M
$1.64M – $2.19M
NOI $131,168 @ 7.0% cap · market cap 7.72%
Second Best
Flex RnD
$1.66M
$1.45M – $1.94M
NOI $116,251 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,212 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 34604, FL
12,800
Population
4,948
Households
2.6
Avg Household Size
43
Median Age
19%
College-Educated
89%
High-School Grad
36.3 sq mi
ZIP Area
353
Density / Sq Mi
$85,111
Median Household Income
$40,755
Median Earnings
$1,162
Median Rent
$272,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Built in 2005, the property supports single-tenant occupancy with potential for separate commercial configurations.
Where is this flex space located?
The property is located at 15424 AVIATION LOOP Brooksville, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Flex‑space building completed in 2005; Layout supports two independent commercial occupancies; Currently occupied by a single tenant
