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

    20133 Cortez Blvd Brooksville, FL 34601

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space with absolute NNN lease and annual rental increases.

    Property size:
    6,077 SF
    Lot size:
    1.40 Acres

    Property Features for 20133 Cortez Blvd

    General Information

    Standard status
    Active
    Size
    6,077 SF
    Lot size
    1.40 Acres

    Building Details

    Year built
    2021

    We can help!

    Listing Contact
    Alejandro Casablanca
    Source: Crexi

    Listing Agency: Casablanca Commercial Real Estate Listing Agent: Alejandro Casablanca

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

    Learn more

    Overview

    Retail Space For Sale

    This retail space features an absolute NNN lease with 10 years remaining and 1% annual rental increases. The property is occupied by a solid franchisee with over 150 locations. It is an established location with over 5 years of successful operation. The property is strategically located across the street from Wawa. The property size is 6077 square feet. The property is located in Florida, a state with no income tax.
    Location Intelligence

    Current Use by Public Records

    Pardon My Cheesesteak Courier Service IHOP Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Pasco
    State
    Florida
    Longitude
    -82.4006067
    Latitude
    28.5398381

    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 St, Brooksville, FL 34601
      View Details
    • $649,999
      1,400 SF

      High Visibility Corner Retail Building

      Renovated 1,400 SF retail building on a lighted corner lot.
      100 Ponce De Leon Blvd, Brooksville, FL 34601
      View Details
    • $389,000
      2,040 SF

      Retail Building with Variety Store

      2,040 SF retail building with variety store contents included.
      1340 Howell Ave, Brooksville, FL 34601
      View Details
    • $595,000
      2,070 SF

      Turnkey Medical Office in Hospital

      2,070 sq ft medical office in HCA Oak Hill Hospital.
      11373 Cortez Blvd, Brooksville, FL 34613
      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 Blvd, Brooksville, FL 34607
      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 Blvd, Brooksville, FL 34613
      View Details
    • $649,999
      1,400 SF

      High Visibility Corner Retail Building

      Renovated 1400 SF retail building on a lighted corner location.
      100 Ponce De Leon Blvd, Brooksville, FL 34601
      View Details
    • $260,000
      Pending

      BROOKSVILLE Mixed-Use Commercial Opportunity

      Commercial property on Cortez Blvd, ideal for various professional services.
      16472 Cortez Blvd, Brooksville, FL 34601
      View Details
    • $260,000
      Pending

      BROOKSVILLE Mixed-Use Commercial Opportunity

      Commercial property on Cortez Blvd, ideal for professional services.
      16472 Cortez Blvd, Brooksville, FL 34601
      View Details
    • New
      $429,000
      2,576 SF

      Brooksville Quadruplex with Renovated Homes

      Four renovated mobile homes in Brooksville, generating reliable cash flow.
      18110 Spangler Ave, Brooksville, FL 34604
      View Details
    • $825,000
      4,040 SF

      Shady Hills Commercial Opportunity

      Commercial space with living quarters, pool, and outdoor amenities.
      15525 Shady Hills Rd, Brooksville, FL 34610
      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 Hwy, Brooksville, FL 34601
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with absolute NNN lease and annual rental increases.
    Where is this retail space located?
    The property is located at 20133 Cortez Blvd Brooksville, FL.
    What are key features of this property?
    This property features: - Absolute NNN Lease with 10 Years Remaining; - Strategic location across the street from Wawa; - Solid Franchisee with over 150+ locations
    Request Owner's contact information
    20133 Cortez Blvd Brooksville, FL 34601
    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.
    20133 Cortez Blvd
    Brooksville, FL 34601
    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
    20133 Cortez Blvd Brooksville, FL 34601
    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

    We can help!
    Listing Contact
    Alejandro Casablanca
    Real Estate License ID: BK3292809
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!