Mixed-Use Property with
For Sale
$1,950,000
24392 LANARK Road, Brooksville, FL 34601
Commercial Sale, BROOKSVILLE, FL
Property Size4,904 SF
Lot Size4.40 Acres
Price / SF$397.63
Days on Market36
Property Features for 24392 LANARK Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
AG
Security features
Security System
Window features
Wood Frames
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Rural, Paved, Zoned for Horses
Directions
Head east toward FL-50 E / Cortez Blvd. Follow FL-50 E past central Brooksville. Turn right (south) onto Olympia Rd just east of downtown. Turn right onto Neff Lk Rd (Neff Lake Rd).Turn right onto Lanark Rd. Arrive at 24392 Lanark Rd on your left.
Subdivision
34601 - Brooksville
Standard status
Active
APN
R05-423-20-0000-0320-0000
Size
4,904 SF
Lot size
4.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
A TR 300X640 FT MOL IN W1/2 OF NE1/4 OF NE1/4 OF SW1/4 DES IN OR 518 PG 688
Tax Annual Amount
4708
Legal Description
A TR 300X640 FT MOL IN W1/2 OF NE1/4 OF NE1/4 OF SW1/4 DES IN OR 518 PG 688
Utilities
Utilities
Phone Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1986
Floors in Building
1
Flooring type
Laminate, Tile - Ceramic
Building materials
Concrete, Frame
Roof type
Shingle
Listing Agency:
BHHS FLORIDA PROPERTIES GROUP · Berkshire Hathaway HomeServices
(352) 688-2227
Listed By:
Robert Adams
(352) 251-5236
Added: Aug 12
Changed: Sep 16
Last Checked: Sep 16 at 3:06AM
MLS# W7888500
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4.4-acre mixed-use property includes a 4,904-square-foot commercial kennel operation and an updated 3-bedroom, 2-bathroom residence. The animal-care facilities feature a 34-run large-dog kennel with indoor and outdoor access, multiple fenced play and walking areas, a grooming salon, laundry room, and a separate cottage for small-animal and cat boarding. The cottage includes a full kitchen and storage space.
The residence has an open layout, ceramic tile and laminate flooring, a shingle roof replaced in 2020, central HVAC installed in 2021, and a private well with a new filtration system. Commercial fixtures, equipment, and residential appliances convey. The property is located on a dead-end road in Brooksville, Florida, with well water, septic service, central air, and phone availability. AG zoning is listed for the property.
The residence has an open layout, ceramic tile and laminate flooring, a shingle roof replaced in 2020, central HVAC installed in 2021, and a private well with a new filtration system. Commercial fixtures, equipment, and residential appliances convey. The property is located on a dead-end road in Brooksville, Florida, with well water, septic service, central air, and phone availability. AG zoning is listed for the property.
Key Highlights
- 4.4‑acre mixed‑use property in Brooksville, FL
- 4,904‑square‑foot property with a 3‑bedroom, 2‑bathroom residence
- 34‑run large‑dog kennel with indoor and outdoor access
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
$60,908
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
3.12%
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%
$1,218,160
$1.2M
Cap Rate 7%
$870,114
$870.1K
Cap Rate 9%
$676,756
$676.8K
Market Conditions
NOI Build-Up for 4,904 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
$105.9K $21.60/SF
− Vacancy
−$8.5K −$1.73/SF
EGI
$97.5K $19.87/SF
− OpEx
−$36.5K −$7.45/SF
NOI
$60.9K $12.42/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,218,160
Cap Rate 7%
$870,114
Cap Rate 9%
$676,756
Alternative Uses
Best Use
Mixed Use
$870.1K
$761.4K – $1.02M
NOI $60,908 @ 7.0% cap · market cap 3.12%
Second Best
Office B
$472.8K
$413.7K – $551.6K
NOI $33,093 @ 7.0% cap · market cap 1.70%
Theoretical Best
Office A
$1.12M
$977.5K – $1.30M
NOI $78,197 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property combining an operating kennel facility with an updated residence, grooming space, and separate small-animal boarding cottage.
Where is this mixed-use property located?
The property is located at 24392 LANARK Road Brooksville, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 4.4‑acre mixed‑use property in Brooksville, FL; 4,904‑square‑foot property with a 3‑bedroom, 2‑bathroom residence; 34‑run large‑dog kennel with indoor and outdoor access
