8.7 Acres with Warehouse
For Sale
$1,100,000
6220 White Rd, Brooksville, FL 34602
Versatile 8.7-acre property with a 4,536 SF building.
Property Size4,536 SF
Lot Size8.70 Acres
Price / SF$242.50
Days on Market213
Property Features for 6220 White Rd
General Information
Standard status
Active
Size
4,536 SF
Lot size
8.70 Acres
Property subtype
VacantLand
Listing Agency:
SVN | Commercial Advisory Group
Listed By:
Gail Bowden · License #3044621
(941) 223-1525
Source:
Commercialcafe
Added: Mar 26
Changed: Oct 19
Last Checked: Oct 24 at 2:00PM
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 SVN | Commercial Advisory Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features 8.7 acres of land with a 4,536 square foot heated building constructed in 1981, situated at the back of the parcel. The building is suitable for use as a warehouse, maintenance garage, or for storage purposes. The property's versatility allows for various potential uses, including farmland, ranch, RV park, and residential development.
Key Highlights
- 8.7 Acres of Land
- 4,536 Heated Sf Building suitable for warehouse, maintenance garage, or storage.
- Versatile property with multiple potential uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,090
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,800
$1.1M
Cap Rate 7%
$787,000
$787.0K
Cap Rate 9%
$612,111
$612.1K
Market Conditions
NOI Build-Up for 4,536 SF
Gross rent
$83.3K $18.36/SF
− Vacancy
−$4.6K −$1.01/SF
EGI
$78.7K $17.35/SF
− OpEx
−$23.6K −$5.21/SF
NOI
$55.1K $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%
$1,101,800
Cap Rate 7%
$787,000
Cap Rate 9%
$612,111
Alternative Uses
Best Use
Industrial
$787.0K
$688.6K – $918.2K
NOI $55,090 @ 7.0% cap · market cap 5.01%
Second Best
Warehouse
$687.1K
$601.2K – $801.6K
NOI $48,095 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$1.03M
$904.1K – $1.21M
NOI $72,329 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 34602, FL
8,735
Population
4,079
Households
2.1
Avg Household Size
47
Median Age
20%
College-Educated
90%
High-School Grad
66.7 sq mi
ZIP Area
131
Density / Sq Mi
$72,054
Median Household Income
$39,306
Median Earnings
$1,284
Median Rent
$241,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Land - Versatile 8.7-acre property with a 4,536 SF building.
Where is this land located?
The property is located at 6220 White Rd Brooksville, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 8.7 Acres of Land; 4,536 Heated Sf Building suitable for warehouse, maintenance garage, or storage.; Versatile property with multiple potential uses.
