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    7318 Broad St Brooksville, FL 34601

    For Sale
    $1,366,000

    Net Leased Medical Building, 9,650 SF

    Property size:
    9,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a 9,650-square-foot Class B medical office building located at 7318 Broad St, Brooksville, FL 34601. The property, built in 1973 and situated on a 1.92-acre lot, is currently 75% occupied by Davita Dialysis, a leading national kidney care provider with a strong financial profile ($11.38 billion in revenue, $617 million net income, $3.8 billion net worth, and Ba2/BB credit rating). This is a triple-net (NNN) lease investment offering a 5.53% cap rate and a net operating income (NOI) of $75,490. The asking price is $1,366,000, translating to $141.55 per square foot. The property is zoned for commercial use and benefits from a long-term lease with no early termination or kick-out clauses during the initial term and any exercised options. The tenant's strong financial position and the growing demand for dialysis services make this a compelling investment in a recession-resistant industry. The property's location in Hernando County, Florida, provides convenient access to a substantial patient base. This is an ideal opportunity for investors seeking a stable, long-term, net-leased investment with a reputable tenant in a high-demand sector.

    Property Features for 7318 Broad St

    General Information

    Property type
    Medical offices
    Square Feet
    9,650 SF
    Class
    B
    Lot Size
    83,635 SF

    Building Details

    Year Built
    1973

    HighLights

    • Reliable tenant, internet‑proof investment.
    • No early termination or kick‑out clauses in the lease.
    • Strong growth in the dialysis industry; over 495,000 ESRD patients in the US.
    • DaVita, the largest US kidney care provider, is the tenant.
    • DaVita's strong financials: $11.38B revenue, $617M net income.
    • DaVita's robust balance sheet: $3.8B net worth, Ba2/BB credit rating.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Hernando
    State
    Florida
    Longitude
    -82.4054705
    Latitude
    28.5366018

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    FAQs

    What type of property is this?
    Medical office - Net Leased Medical Building, 9,650 SF
    Where is this medical office located?
    The property is located at 7318 Broad St Brooksville, FL.
    What is the asking price?
    The asking price for this property is $1,366,000.
    What are key features of this property?
    This property features: Reliable tenant, internet-proof investment.; No early termination or kick-out clauses in the lease.; Strong growth in the dialysis industry; over 495,000 ESRD patients in the US.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7318 Broad St Brooksville, FL 34601
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