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 Market168
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: Sep 8
Last Checked: Sep 9 at 5:33AM
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
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 = 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
$44,195
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
4.02%
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%
$883,900
$883.9K
Cap Rate 7%
$631,357
$631.4K
Cap Rate 9%
$491,056
$491.1K
Market Conditions
NOI Build-Up for 4,536 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
$56.7K $12.50/SF
− Vacancy
−$4.7K −$1.04/SF
EGI
$52.0K $11.46/SF
− OpEx
−$7.8K −$1.72/SF
NOI
$44.2K $9.74/SF
Area
Pasco County, FL
Vacancy
8.30%
Lease Rate
$12.50 /SF/Yr
Expense Ratio
15.00%
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%
$883,900
Cap Rate 7%
$631,357
Cap Rate 9%
$491,056
Alternative Uses
Best Use
Warehouse
$631.4K
$552.4K – $736.6K
NOI $44,195 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$596.0K
$521.5K – $695.3K
NOI $41,718 @ 7.0% cap · market cap 3.79%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
