Commercial Building on Cortez
15520 CORTEZ Boulevard Brooksville, FL 34613
For Sale
Contact for pricing
4400 sq ft building with highway frontage on Cortez.
Property Size4,404 SF
Lot Size0.46 Acres
Price / SF$135.10
Days on Market74
Property Features for 15520 CORTEZ Boulevard
General Information
- Standard status
- Active
- Size
- 4,404 SF
- Lot size
- 0.46 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1995
Listing Agency:
Home Land Real Estate Inc
Listed By:
Kimberly Pye · License #FL 3315876
Source:
Crexi
Added: May 13
Changed: Jul 10
Last Checked: Jul 25 at 3:51AM
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 commercial property features C1 zoning and is located directly on Cortez Boulevard (State Road 50), east of the Suncoast Parkway and across from Dollar General and Enterprise Car Rental. The property includes a 4400 sq ft building, making it suitable for businesses seeking high visibility and a large space for equipment, parts, or a workshop. Potential uses include electrician, plumber, roofer, trade business, or office space. Building 1 offers 684 sq ft of air-conditioned space and a total of 1,215 sq ft with one bathroom, constructed in 1958. Building 2, built in 1995, provides 4400 sq ft of space. The property is fenced and gated, situated on just under a half-acre lot with 100 feet of highway frontage on Cortez/Hwy 50. The lot dimensions are 100 x 200 feet, narrowing to 92 feet wide in the back. Located in a fast-growing area in the center of Hernando County, the property benefits from high traffic, with an AADT of 22,500 cars passing by daily.
Key Highlights
- High‑Visibility Location: Directly on Cortez Blvd (State Road 50) with 100 feet of highway frontage and 22,500 daily traffic count.
- C1 Zoning: Suitable for a wide range of commercial uses.
- Large Building: 4400 sq ft building ideal for equipment, parts, workshop, or office space.
Financial Insights For Office B
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 | $48.6k | $11.04 |
| − Vacancy | −$9.0k | −$2.04 |
| EGI | $39.6k | $9.00 |
| − OpEx | −$9.9k | −$2.25 |
| NOI | $29.7k | $6.75 |
4,404 SF · lease $11.04/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$424.6K
$371.5K – $495.3K
NOI $29,719 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$877.8K – $1.17M
NOI $70,224 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Three Rivers Mail ...
Marketing & Advertising
FAQs
What type of property is this?
Office building - 4400 sq ft building with highway frontage on Cortez.
Where is this office building located?
The property is located at 15520 CORTEZ Boulevard Brooksville, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: High‑Visibility Location: Directly on Cortez Blvd (State Road 50) with 100 feet of highway frontage and 22,500 daily traffic count.; C1 Zoning: Suitable for a wide range of commercial uses.; Large Building: 4400 sq ft building ideal for equipment, parts, workshop, or office space.
