High-Visibility Brooksville Office
For Sale
$353,000
629 S Broad Street, Brooksville, FL 34601
Functional 1,946 SF office building on S Broad Street.
Property Size1,946 SF
Lot Size0.23 Acres
Price / SF$181.40
Days on Market224
Property Features for 629 S Broad Street
General Information
Standard status
Active
Size
1,946 SF
Lot size
0.23 Acres
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$3,881
Amenities
Central Air, Electric
3
Tile, Carpet
Roof Over
6 Parking Spaces. Unassigned.
Extra Storage. City Road, US Highway.
Building Details
Year Built
1967
Listing Agency:
Buckner Real Estate, Inc.
(352) 796-4544
Listed By:
Charles Buckner · License #SL3459089
(352) 796-4544
Source:
Xome
Added: Jan 11
Changed: Aug 23
Last Checked: Aug 22 at 2:11PM
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 Buckner Real Estate, Inc.
Investment Insights
Based on property information with market context.
This highly visible office building is located directly on S Broad Street in Brooksville. Situated on a 0.23-acre parcel, the property offers excellent exposure to approximately 12,600 vehicles per day and features a prominent monument sign. The 1,946 SF building offers a functional layout suitable for traditional office, medical, or specialized professional uses. Upon entry, visitors are welcomed by a spacious open lobby with a reception window, leading into two wings that connect behind the reception area for efficient workflow and privacy. The interior includes multiple private rooms, a lab area, kitchen/breakroom, additional side and rear entrances. Several rooms are equipped with plumbing, featuring existing sinks and an existing shower. The main office has a large, picturesque window overlooking S Broad Street. The property includes six front parking spaces with additional room in the rear, as well as a 135 SF enclosed exterior shed for additional storage. Access is available from S Broad Street or S Mildred Avenue, via shared access across a neighboring building. Downtown Brooksville continues to experience steady growth, with new businesses, community events, and increased activity driving momentum in the area. This is an excellent opportunity for an owner-user or investor to establish a presence in Brooksville. Parcel key #1113208.
Key Highlights
- High‑visibility location on S Broad Street with 12,600 vehicles per day and prominent monument sign.
- Functional 1,946 SF building suitable for office, medical, or specialized professional uses.
- Spacious open lobby with reception window and efficient layout with two wings for workflow and privacy.
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
$13,132
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
3.72%
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%
$262,640
$262.6K
Cap Rate 7%
$187,600
$187.6K
Cap Rate 9%
$145,911
$145.9K
Market Conditions
NOI Build-Up for 1,946 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
$21.5K $11.04/SF
− Vacancy
−$4.0K −$2.04/SF
EGI
$17.5K $9.00/SF
− OpEx
−$4.4K −$2.25/SF
NOI
$13.1K $6.75/SF
Area
Pasco County, FL
Vacancy
18.50%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$262,640
Cap Rate 7%
$187,600
Cap Rate 9%
$145,911
Alternative Uses
Best Use
Office B
$187.6K
$164.2K – $218.9K
NOI $13,132 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.3K
$387.9K – $517.2K
NOI $31,030 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
979
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Functional 1,946 SF office building on S Broad Street.
Where is this office building located?
The property is located at 629 S Broad Street Brooksville, FL.
What is the asking price?
The asking price for this property is $353,000.
What are key features of this property?
This property features: High‑visibility location on S Broad Street with 12,600 vehicles per day and prominent monument sign.; Functional 1,946 SF building suitable for office, medical, or specialized professional uses.; Spacious open lobby with reception window and efficient layout with two wings for workflow and privacy.
