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    11320 Old Crystal River Rd Brooksville, FL 34601

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    11320 Old Crystal River Rd Brooksville, FL 34601

    View on Map
    • Commercial real estate
    • 1.00 lot acres
    Off-Market
    Property ID
    US18-4457203
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 11320 Old Crystal River Rd

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1-acre commercial property in Brooksville, Florida, presents a unique investment opportunity. Located at 11320 Old Crystal River Rd, in Hernando County (zip code 34601), this C2 zoned lot boasts excellent road frontage and visibility. The property includes a completely renovated 3-bedroom, 2-bathroom mobile home, adding immediate potential for rental income or on-site office space. Its strategic location is adjacent to established businesses, Builders Surplus and Affordable Buildings, LLC, ensuring high traffic and visibility. The land is fully fenced and features scattered trees, offering both privacy and potential for landscaping enhancements. The property's size and zoning provide ample space for a variety of commercial ventures, making it ideal for a growing business seeking a prominent location with existing infrastructure. This is a rare chance to acquire a turnkey commercial property with immediate usability and significant long-term potential in a thriving area. The asking price is $340,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Hernando
    State
    Florida
    Longitude
    -82.37472286144
    Latitude
    28.589753599782

    Comparable in this City

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      Prime Commercial Land Available

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    • $99,900
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      Land with Mature Trees

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      Commercial Land in Fast-Growing Area

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      Prime Commercial Land Opportunity

      2.2 acres of commercial land in a booming corridor.
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      Golf Course View Residential Land

      Residential land on golf course with conservation view in Brooksville.
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      12.5 Acres Available

      12.5 acres of land for sale.
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    Similar Nearby for Sale

    • $849,000
      7.80 Acres

      Prime Commercial Land Available

      7.8 acres of commercial land with road frontage.
      Ponce De Leon Blvd, Brooksville, FL 34601
      View Details
    • $99,900
      Pending

      Land with Mature Trees

      2.5 acres of land with mature trees in Brooksville.
      Wpa Rd, Brooksville, FL 34601
      View Details
    • $145,000
      0.66 Acres

      Commercial Land in Fast-Growing Area

      Commercial land zoned C-3 near Publix and Suncoast Parkway.
      7419 Buck Hope Rd, Brooksville, FL 34601
      View Details
    • $750,000
      2.20 Acres

      Prime Commercial Land Opportunity

      2.2 acres of commercial land in a booming corridor.
      17166 Cortez Blvd, Brooksville, FL 34601
      View Details
    • $399,000
      0.43 Acres

      Golf Course View Residential Land

      Residential land on golf course with conservation view in Brooksville.
      20132 English Walnut Pl, Brooksville, FL 34601
      View Details
    • Contact for pricing

      12.5 Acres Available

      12.5 acres of land for sale.
      Nwc Of Us Hwy 41 & Powell Rd, Brooksville, FL 34601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      1.25 Acre Parcel Available

      1.25-acre parcel adjacent to national gas station.
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      1,300 SF

      Retail Space in Brooksville Center

      Retail spaces available in busy Brooksville shopping center.
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      Retail Space in Brooksville

      10,800 SF retail space ready for new tenants.
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      Retail and Office Plaza Space

      Shopping plaza with retail, restaurant, and office spaces available.
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      Regal Oaks Office Space Available

      2,081 SF office space in Brooksville, Florida for rent.
      16332 Cortez Blvd, Brooksville, FL 34601
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    • $6,000 /Mo
      3,767 SF

      Downtown Brooksville Private Office Space

      Turnkey office in historic downtown Brooksville with shared amenities.
      315 Howell Ave, Brooksville, FL 34601
      View Details
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    11320 Old Crystal River Rd
    Brooksville, FL 34601
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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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