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    11507 Cortez Blvd Brooksville, FL 34613
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    11507 Cortez Blvd Brooksville, FL 34613

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    • Commercial land
    For Sale
    $1,999,000
    View Listing →
    Commercial Land on Cortez Blvd For Sale
    $1,999,000

    Commercial Land on Cortez Blvd

    1.94 acres of commercial land with direct highway access.

    11507 Cortez Blvd, Brooksville, FL 34613
    View Listing
    Property ID
    US18-1779439
    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 land

    Property Details for 11507 Cortez Blvd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Commercial Vacant Land (1.94 Acres MOL) zoned C-2 facing Cortez Blvd (Highway 50) with Direct Access in front of the property. This property is 1/2 mile from the entrance to Oak Hill Hospital. The property has a service road in front that has an entrance to Cortez Blvd and an alley way at the rear of the property that also leads to Oak Hill Hospital. Property has had a conceptual review with Hernando County Planning, showing three (3) 5000 sq.ft. and one (1) 3400 sq.ft. buildings that would fit and be used as Medical or Office Professional. All needed utilities are at the property line..

    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
    Pasco
    State
    Florida
    Longitude
    -82.5305062
    Latitude
    28.5340142

    Comparable in this City

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      Brooksville Land For Sale

      Nearly 5 acres of commercial land with high visibility.
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    • $525,000
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      Cleared Corner Lot For Sale

      0.80 acre corner lot, cleared and level, near US 19.
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    • $2,199,000
      4.08 Acres

      Prime Commercial Land Opportunity

      4.08-acre commercial parcel ideal for boat and RV storage.
      Horn Ave, Brooksville, FL 34613
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      Commercial Pad Site on Cortez

      1.09 acre commercial pad site in Brooksville, Florida.
      12249 Cortez Blvd, Brooksville, FL 34613
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    • $525,000
      0.57 Acres

      Cleared Land on Cortez Blvd

      Cleared 0.57 acre lot on Cortez Blvd and Yale Ave.
      10270 Yale Ave, Weeki Wachee, FL 34613
      View Details

    Similar Nearby for Sale

    • $999,000
      4.90 Acres

      Brooksville Land For Sale

      Nearly 5 acres of commercial land with high visibility.
      Sunshine Grove Rd, Brooksville, FL 34613
      View Details
    • $525,000
      0.81 Acres

      Cleared Corner Lot For Sale

      0.80 acre corner lot, cleared and level, near US 19.
      10201 Yale Ave, Weeki Wachee, FL 34613
      View Details
    • $2,199,000
      4.08 Acres

      Prime Commercial Land Opportunity

      4.08-acre commercial parcel ideal for boat and RV storage.
      Horn Ave, Brooksville, FL 34613
      View Details
    • Contact for pricing

      Commercial Pad Site on Cortez

      1.09 acre commercial pad site in Brooksville, Florida.
      12249 Cortez Blvd, Brooksville, FL 34613
      View Details
    • $525,000
      0.57 Acres

      Cleared Land on Cortez Blvd

      Cleared 0.57 acre lot on Cortez Blvd and Yale Ave.
      10270 Yale Ave, Weeki Wachee, FL 34613
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Weeki Wachee

      Retail space for lease in Weeki Wachee, Florida.
      9595 Commercial Way U.S 19, Weeki Wachee, FL 34613
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    • Contact for pricing

      Brooksville Industrial Park Flex Space

      Premier industrial park with flexible lease terms and various unit sizes.
      13400 Chambord St, Brooksville, FL 34613
      View Details
    • Contact for pricing
      4,499 SF

      Retail Space in High-Traffic Area

      Community shopping center with strong tenant sales growth and visibility.
      13128 Cortez Blvd, Brooksville, FL 34613
      View Details
    • Contact for pricing
      4,152 SF

      Retail Space in Brooksville, FL

      4,152 SF retail space available with strong co-tenants.
      7143-7223 Coastal Blvd, Brooksville, FL 34613
      View Details
    • Contact for pricing
      2,880 SF

      Retail Space in Renovated Center

      Retail space available in Brooksville's renovated shopping center.
      31162 Cortez Blvd, Brooksville, 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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