Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3297 Princeton Rd Brooksville, FL 34604

    • Industrial properties
    • 7,447 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gameland of Florida Inc / (Bike/Boat/Book/etc) Store

    Property Details for 3297 Princeton Rd

    Year built
    1981
    Lot size
    0.52 lot acres
    Property size
    7,447 SF
    Property type
    Industrial properties

    Description

    This exceptional 7,447 square foot industrial building presents a compelling investment opportunity in Brooksville, Florida. Situated on a 0.52-acre lot within the Brooksville Industrial Airpark, across from the airport on Spring Hill Drive, this property offers significant potential. The building comprises two distinct units, each currently leased on a month-to-month basis to long-term tenants. One unit, situated to the east, houses a car auto body shop, complete with a bathroom, offices, a waiting room, and large bay doors. The western unit features two bathrooms, multiple offices, substantial warehouse space, and a large bay door. Detailed floor plans are available. Constructed of block with a metal roof, the building requires some cosmetic updates and remodeling. The sale includes two parcels of land totaling 0.52 acres: Parcel ID R18 223 19 1535 0000 0010 (0.3489 acres) which contains the building, and Parcel ID R18 223 19 1535 0000 0020 (0.1665 acres) which wraps around the west and back of the building. The property's intense zoning and prime location make it ideal for owner-occupancy or continued rental income. The building's size, layout, and location offer a unique opportunity for a variety of industrial uses. The property is priced at $795,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Hernando
    State
    Florida
    Longitude
    -82.4494
    Latitude
    28.4817

    Comparable in this City

    • Value Estimation by Request
      3.56 Acres

      00 Spring Hill Dr

      Land • 3.56 Acres
      00 Spring Hill Dr, Brooksville, FL 34604
      View Details
    • Value Estimation by Request
      2,400 SF

      1424 Broad St

      WAREHOUSE, STORAGE • 2,400 SF
      1424 Broad St, Brooksville, FL 34604-6815
      View Details
    • Value Estimation
      $2,735,000
      20,820 SF

      21228 Powell Rd

      WAREHOUSE, STORAGE • 20,820 SF
      21228 Powell Rd, Brooksville, FL 34604-6723
      View Details
    • Value Estimation
      $1,285,000
      15,000 SF

      1401 Downwind Way

      WAREHOUSE, STORAGE • 15,000 SF
      1401 Downwind Way, Brooksville, FL 34604-6873
      View Details
    • Value Estimation by Request
      3,000 SF

      3299 Mustang Dr

      WAREHOUSE, STORAGE • 3,000 SF
      3299 Mustang Dr, Brooksville, FL 34604-8111
      View Details
    • Value Estimation by Request
      2,520 SF

      Powell Rd

      WAREHOUSE, STORAGE • 2,520 SF
      Powell Rd, Brooksville, FL 34604
      View Details

    Similar Nearby for Sale

    • $1,900,000
      16.50 Acres

      16.5 Acres MOL on Hwy 41

      16.5 Acres MOL Zoned AG on Hwy 41.
      4044 Broad St, Brooksville, FL 34604
      View Details
    • $995,000
      2.75 Acres

      Brooksville Commercial Land

      2.75 Acres, High-Traffic Location
      15200 Copeland Way, Spring Hill, FL 34604
      View Details
    • $5,500,000

      Brooksville Townhome Development Land

      25.7 Acres, 175 Townhome Units Approved
      18039 Powell Rd, Brooksville, FL 34604
      View Details
    • $179,900

      Commercial Lot on Spring Hill

      1.1-acre commercial lot in a desirable, high-traffic location.
      15389 Spring Hill Dr, Brooksville, FL 34604
      View Details
    • $999,000
      2.00 Acres

      Prime Brooksville Commercial Land

      2 Acres on Hwy 41, $999,000
      00 Broad St, Brooksville, FL 34604
      View Details
    • $359,900
      1.15 Acres

      Brooksville Land with New Construction

      1.15-acre homesites with customizable floor plans and quality craftsmanship.
      Vance St, Brooksville, FL 34604
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      3,500 SF

      Spacious Warehouse with Included Utilities

      3500 SF warehouse with included utilities near Hwy 41.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    • $18 SF/Yr
      3,500 SF

      Spacious Bay Garage in Brooksville

      3500 sq ft warehouse with included utilities near Hwy 41.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    • $14 SF/Yr
      2,500 SF

      Spacious Warehouse Bay with Amenities

      2500 sq ft warehouse with included utilities and shared amenities.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    • $17 SF/Yr
      9,000 SF

      Spacious Warehouse Near Highway 41

      9000 sq ft warehouse with included utilities near Hwy 41.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    • $14 SF/Yr
      2,500 SF

      Spacious Warehouse with Included Utilities

      2500 sq ft warehouse with utilities included near Hwy 41.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    • $17 SF/Yr
      9,000 SF

      Spacious Warehouse Near Highway 41

      9000 sq ft warehouse with included utilities near Hwy 41.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3297 Princeton Rd
    Brooksville, FL 34604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!