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    Property profile & analytics

    13406 Cortez Blvd. Lot Brooksville, FL 34613

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 13406 Cortez Blvd. Lot

    Property type
    Land

    Description

    This exceptional 4.2-acre commercial land parcel presents a remarkable investment opportunity in the thriving Brooksville, Florida market. Located at 13406 Cortez Blvd., Lot #2, this property boasts a highly desirable location, situated in the heart of a rapidly developing area. Its strategic placement directly adjacent to Tommy's Car Wash ensures high visibility and convenient access for potential businesses. The property is zoned for commercial use (zoning details available upon request), offering a wide range of development possibilities. With its expansive size and prime location, this land is perfectly suited for a variety of commercial ventures, from retail establishments and restaurants to office spaces and light industrial uses. The asking price for this exceptional property is $2,200,000. Detailed site plans and surveys are available for review. This is a rare chance to acquire a significant piece of commercial real estate in a burgeoning area of Hernando County, Florida. Don't miss this opportunity to secure a prime location for your next business venture. The property is conveniently located in Brooksville, FL, zip code 34613. Contact us today to schedule a showing and explore the potential of this exceptional land parcel.

    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
    -82.5012
    Latitude
    28.5327

    Comparable in this City

    • Value Estimation by Request
      28.95 Acres

      Cortez Blvd

      Land • 28.95 Acres
      0 Cortez Blvd, Brooksville, FL 34613
      View Details
    • Value Estimation by Request

      12249 Cortez Blvd

      Land
      12249 Cortez Blvd, Brooksville, FL 34613
      View Details
    • Value Estimation by Request
      213,444 SF

      13131 Jacqueline Rd

      Land • 213,444 SF
      13131 Jacqueline Rd, Brooksville, FL 34613
      View Details
    • Value Estimation by Request
      23.70 Acres

      13050 Cortez Blvd

      Lifestyle centers • 188,347 SF
      13050 Cortez Blvd, Spring Hill, FL 34613
      View Details
    • Value Estimation by Request
      1.94 Acres

      11507 Cortez Blvd

      Land • 1.94 Acres
      11507 Cortez Blvd, Brooksville, FL 34613
      View Details
    • Value Estimation by Request
      1.79 Acres

      Commercial Way

      Land • 1.79 Acres
      0 Commercial Way, Spring Hill, FL 34613
      View Details

    Similar Nearby for Sale

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      Prime Commercial Land, Spring Hill

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    Similar Nearby for Lease

    • $11,700 /Mo

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      Brooksville Industrial Park Warehouses

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      Retail Space in Renovated Center

      Retail space available in Brooksville's renovated shopping center.
      31162 Cortez Blvd, Brooksville, FL 34613
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    • Contact for pricing

      Retail Space Available Near Cortez

      Available retail spaces near Cortez Blvd and Sunshine Grove Rd.
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      Retail Space in Spring Hill

      Community shopping center in a major retail corridor.
      13360 Cortez Blvd, Spring Hill, FL 34613
      View Details
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    Brooksville, FL 34613
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    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
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