Highway-Frontage Convenience
For Sale
$499,000
25143 CORTEZ BLVD, Brooksville, FL 34601
Established roadside retail operation with multiple access points, illuminated signage, and existing store equipment.
Property Size2,669 SF
Days on Market50
Property Features for 25143 CORTEZ BLVD
General Information
Standard status
Active
Size
2,669 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,966
Building Details
Building Size
2,669 SF
Year Built
1960
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
Listed By:
Mourad Bani · License #660094
(407) 240-2223
Source:
Kingofrealestate
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 11:38PM
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 CHARLES RUTENBERG REALTY ORLANDO
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Investment Insights
Based on property information with market context.
Built in 1960, this grocery and convenience store includes existing inventory, freezers, refrigerators, and display racks for continued retail operation. The property fronts SR 50 and provides three entrances and exits, supporting customer access from the highway. Illuminated advertising poles and signage are also part of the site improvements.
A BBQ operation is located next door, adding an adjoining food-service component to the property’s commercial setting. The offering includes the established store improvements and equipment associated with the existing operation.
A BBQ operation is located next door, adding an adjoining food-service component to the property’s commercial setting. The offering includes the established store improvements and equipment associated with the existing operation.
Key Highlights
- Grocery and convenience store built in 1960
- Frontage on SR 50 with 3 entrances and exits
- Illuminated advertising poles and signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,415
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,300
$648.3K
Cap Rate 7%
$463,071
$463.1K
Cap Rate 9%
$360,167
$360.2K
Market Conditions
NOI Build-Up for 2,669 SF
Gross rent
$49.0K $18.36/SF
− Vacancy
−$2.7K −$1.01/SF
EGI
$46.3K $17.35/SF
− OpEx
−$13.9K −$5.21/SF
NOI
$32.4K $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%
$648,300
Cap Rate 7%
$463,071
Cap Rate 9%
$360,167
Alternative Uses
Best Use
Industrial
$463.1K
$405.2K – $540.3K
NOI $32,415 @ 7.0% cap · market cap 6.50%
Second Best
Specialty Retail
$423.8K
$370.8K – $494.4K
NOI $29,666 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$608.0K
$532.0K – $709.3K
NOI $42,559 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Balanced
Demand for This Use
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established roadside retail operation with multiple access points, illuminated signage, and existing store equipment.
Where is this grocery and convenience store located?
The property is located at 25143 CORTEZ BLVD Brooksville, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Grocery and convenience store built in 1960; Frontage on SR 50 with 3 entrances and exits; Illuminated advertising poles and signage
