Mixed-Use Commercial Property with
8415 CORTEZ Boulevard, Weeki Wachee, FL 34607
For Sale
$2,100,000
Commercial Sale, WEEKI WACHEE, FL
Property Size9,200 SF
Lot Size2.15 Acres
Price / SF$228.26
Days on Market481
Property Features for 8415 CORTEZ Boulevard
General Information
Property type
Property subtype
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Amenities
fully fenced and gated
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL · Keller Williams Realty
(813) 865-0700
Listed By:
Brian Hahs · License #3460665
(813) 928-0255
Added: Jul 16, 2025
Changed: Oct 16
Last Checked: Nov 8 at 6:06AM
MLS# TB8407824
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use commercial property occupies 2.15 acres and contains 9,200 square feet of improvements constructed with block materials in 1999. The site includes a self-storage operation with 66 enclosed units and 20 outdoor storage lots, an automotive facility with four interior service bays and one exterior bay, and a standalone office building currently leased to a preschool. The automotive sale excludes the operating business, tools, and equipment; tools and equipment may be negotiated separately.
The property is positioned along Cortez Boulevard (SR-50) with access to US-19 and nearby residential areas. It is fully fenced and gated, and the source information identifies mixed commercial zoning. Two separate addresses are associated with the property: 8415 Cortez Boulevard and 6412 Steuben Street in Weeki Wachee, Florida.
The property is positioned along Cortez Boulevard (SR-50) with access to US-19 and nearby residential areas. It is fully fenced and gated, and the source information identifies mixed commercial zoning. Two separate addresses are associated with the property: 8415 Cortez Boulevard and 6412 Steuben Street in Weeki Wachee, Florida.
Key Highlights
- 2.15‑acre mixed‑use commercial property with 9,200 square feet of improvements
- Self‑storage component includes 66 enclosed units and 20 outdoor storage lots
- Automotive facility offers four indoor service bays plus one outdoor bay
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.
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Current Use
Lease Details
5
Service bays
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fenced and gated property combines storage, automotive, and office improvements.
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: 2.15‑acre mixed‑use commercial property with 9,200 square feet of improvements; Self‑storage component includes 66 enclosed units and 20 outdoor storage lots; Automotive facility offers four indoor service bays plus one outdoor bay
