Mixed-Use Property with
8415 Cortez Boulevard, Weeki Wachee, FL 34607
For Sale
New
$2,100,000
Three commercial components combine storage, automotive service space, and a leased standalone office building.
Property Size9,200 SF
Price / SF$228.26
Days on Market2
Property Features for 8415 Cortez Boulevard
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Fenced Yard
Outdoor Storage
Automotive
Service Bays
Automotive Uses
Tenancy & Operations
Tenant in Place
Real Estate Included
Additional Details
Self-Storage Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
1
true
2.1522
150 x 350
2.15
2
false
Asphalt
Concrete Perimeter
County Road
9200
6
Building Details
Building Size
Year Built
Stories
Listing Agency:
(407) 567-0682
Listed By:
Art Wilson
Source:
Perfectchoicerealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 1:47AM
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 Art Wilson
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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 9,200-square-foot mixed-use property comprises three commercial components across 2.15 acres. The self-storage operation has 66 enclosed units and 20 outdoor storage lots. An automotive service building includes four indoor bays and one outdoor bay; the sale excludes the operating business, while tools and equipment may be negotiated separately. A standalone office building is currently leased to a preschool tenant.
The property is fully fenced and gated, with frontage on Cortez Boulevard (SR-50) and access to US-19. The site is zoned for mixed commercial uses. The automotive business and its equipment are not included in the sale, subject to separate negotiation for the equipment.
The property is fully fenced and gated, with frontage on Cortez Boulevard (SR-50) and access to US-19. The site is zoned for mixed commercial uses. The automotive business and its equipment are not included in the sale, subject to separate negotiation for the equipment.
Key Highlights
- Self‑storage component has 66 enclosed units and 20 outdoor storage lots
- Automotive shop includes four indoor service bays and one outdoor bay
- Standalone office building is occupied by a preschool tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,264
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,285,280
$2.3M
Cap Rate 7%
$1,632,343
$1.6M
Cap Rate 9%
$1,269,600
$1.3M
Market Conditions
NOI Build-Up for 9,200 SF
Gross rent
$198.7K $21.60/SF
− Vacancy
−$15.9K −$1.73/SF
EGI
$182.8K $19.87/SF
− OpEx
−$68.6K −$7.45/SF
NOI
$114.3K $12.42/SF
Area
Hernando 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 Rate 5%
$2,285,280
Cap Rate 7%
$1,632,343
Cap Rate 9%
$1,269,600
Alternative Uses
Best Use
Mixed Use
$1.63M
$1.43M – $1.90M
NOI $114,264 @ 7.0% cap · market cap 5.44%
Second Best
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,735 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M
NOI $146,700 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Service bays
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 34607, FL
8,544
Population
5,025
Households
1.7
Avg Household Size
58
Median Age
24%
College-Educated
94%
High-School Grad
63.7 sq mi
ZIP Area
134
Density / Sq Mi
$61,221
Median Household Income
$31,126
Median Earnings
$1,226
Median Rent
$343,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three commercial components combine storage, automotive service space, and a leased standalone office building.
Where is this mixed-use property located?
The property is located at 8415 Cortez Boulevard Weeki Wachee, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Self‑storage component has 66 enclosed units and 20 outdoor storage lots; Automotive shop includes four indoor service bays and one outdoor bay; Standalone office building is occupied by a preschool tenant
