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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11345 Cortez Blvd Brooksville, FL 34613-5404

    • Medical offices
    • 1,250 SF
    OFF-MARKET
    Last Sale
    Feb 13, 2020
    Value Estimations
    $165,000
    Show details
    Cap Rate Potential
    6.3%
    Medical offices
    Location Intelligence
    Property ID
    US19-0886740
    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.

    Current Use by Public Records

    • The Malka Institute of Neuroscience and Disease / Neurologist / Medical Clinic
    • Dr. David W. Malka, MD / Neurologist / Doctor
    • Advanced Gastroenterology Associates, LLC ~ Reddy, T M.D. / Gastroenterologist / Medical Group
    • Dr. Qin Gu / Neurologist / Doctor
    • Reddy Tiyyagura S MD / Gastroenterologist

    Property Details for 11345 Cortez Blvd

    Year built
    1984
    Construction
    WOOD
    Property size
    1,250 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    R30-222-18-9007-00C0-0030
    APU
    R3022218900700C00030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $185,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $190,000
      6.5%
      $175,000
      7%
      $165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $133,000
      Market price range: $111k - $343k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $170,000
      Current use
      AUTO REPAIR, GARAGE
      $235,000
      Change: +40% Conversion: Difficult
      RETAIL STORES
      $190,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $160,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Hernando
    State
    Florida
    Longitude
    -82.5354
    Latitude
    28.5365
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,146
    $20,387
    $112,590
    $132,977
    -
    $70,000
    $82,900
    $152,900

    Comparable in this City

    • Value Estimation
      $170,000
      6,496 SF

      12180 Cortez Blvd

      MEDICAL BUILDING • 6,496 SF
      12180 Cortez Blvd, Brooksville, FL 34613-5578
      View Details
    • Value Estimation
      $555,000
      2,475 SF

      12900 Cortez Blvd Ste, Unit 102

      MEDICAL BUILDING • 2,475 SF
      12900 Cortez Blvd Ste, Brooksville, FL 34613-6897
      View Details
    • Value Estimation
      $155,000
      5,983 SF

      12900 Cortez Blvd Ste, Unit 103

      MEDICAL BUILDING • 5,983 SF
      12900 Cortez Blvd Ste, Brooksville, FL 34613-6897
      View Details
    • Value Estimation
      $155,000
      4,515 SF

      12190 Cortez Blvd

      MEDICAL BUILDING • 4,515 SF
      12190 Cortez Blvd, Brooksville, FL 34613-5578
      View Details
    • Value Estimation
      $155,000
      1,250 SF

      11315 Cortez Blvd, Unit A-1

      MEDICAL BUILDING • 1,250 SF
      11315 Cortez Blvd, Brooksville, FL 34613-5407
      View Details
    • Value Estimation
      $1,950,000
      48,638 SF

      14540 Cortez Blvd Ste, Unit 100

      MEDICAL BUILDING • 48,638 SF
      14540 Cortez Blvd Ste, Brooksville, FL 34613-6001
      View Details

    Similar Nearby for Sale

    • $595,000
      2,070 SF

      Turnkey Medical Office in Hospital

      2,070 sq ft medical office in HCA Oak Hill Hospital.
      11373 Cortez Blvd, Brooksville, FL 34613
      View Details
    • Contact for pricing

      NNN Lease Retail Property

      Retail property with a new 10-year absolute NNN lease.
      9749 Commercial Way, Spring Hill, FL 34613
      View Details
    • $1,100,000
      3,600 SF

      Weeki Wachee Office Building For Sale

      Two-story office building with elevator on US-19 in Weeki Wachee.
      7044 Commercial Way, Brooksville, FL 34613
      View Details
    • $1,999,000
      1.94 Acres

      Commercial Land on Cortez Boulevard

      1.94 acres of commercial land zoned C-2 with direct access.
      11507 Cortez Blvd, Brooksville, FL 34613
      View Details
    • $2,900,000
      7,754 SF

      Prime Location on Cortez Boulevard

      2.2 acres zoned C-2 with high traffic and utilities.
      15010 Cortez Blvd, Brooksville, FL 34613
      View Details
    • $180,000
      2.40 Acres

      Vacant Land in Brooksville, FL

      2.4 acre vacant land, ideal for building your dream home.
      Madison St, Brooksville, FL 34613
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,640 SF

      Retail Space in Renovated Center

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

      Retail Space Available Near Cortez

      Available retail spaces near Cortez Blvd and Sunshine Grove Rd.
      7178 Coastal Blvd, Brooksville, FL 34613
      View Details
    • Contact for pricing

      Retail Space in Spring Hill

      Community shopping center in a major retail corridor.
      13360 Cortez Blvd, Spring Hill, FL 34613
      View Details
    • $11,700 /Mo

      Commercial Lot on Highway 19

      Commercial lakefront lot available for rent on Highway 19.
      8270 Commercial Way, Brooksville, FL 34613
      View Details
    • $13 SF/Yr
      85,050 SF

      Brooksville Industrial Park Warehouses

      Multiple suites, flexible lease terms, Hernando County
      13400 Chambord St, Brooksville, FL 34613
      View Details
    • Contact for pricing
      15,400 SF

      Retail Space in Western Way

      Retail space available in a busy Brooksville shopping center.
      12983-13071 Cortez Blvd, Brooksville, FL 34613
      View Details
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    Brooksville, FL 34613-5404
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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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