12161 Cortez Blvd Brooksville, FL 34613-5551
Property profile & analytics
12161 Cortez Blvd Brooksville, FL 34613-5551
- Auto shops
- 6,515 SF
- 0.94 lot acres
Property ID
US18-4807454
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.
Location Intelligence
Current Use by Public Records
- Tire Kingdom / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 12161 Cortez Blvd
- Year built
- 1990
- Construction
- CONCRETE
- Lot size
- 0.94 lot acres
- Property size
- 6,515 SF
- Property type
- Auto shops
- APN
- R29-222-18-3780-0000-0010
- APU
- R2922218378000000010
Description
This fee-simple retail investment opportunity presents a 5,936 square foot Tire Kingdom in Brooksville, Florida. The property, built in 1990 and situated on a 0.94-acre lot, boasts a strong location on Cortez Boulevard, a major retail thoroughfare with over 44,000 vehicles passing daily. The 15-year lease, commencing May 1, 2017, and expiring April 30, 2032, has approximately 7.4 years remaining, with four 5-year options. Rent increases of 10% are built in for May 2027 and the start of each option period, providing inflation protection and NOI growth. The lease is a NNN (Net, Net, Net) agreement with a corporate guarantee, minimizing landlord responsibilities. The property features 19 parking spaces and is zoned for Highway Commercial District (C-2). The current NOI is $94,600, resulting in a 6.30% cap rate, and the asking price is $1,502,000 ($253.03/sq ft). The property benefits from its proximity to Coastal Landing, a dominant power center with over 5.7 million annual visitors, and other major retailers including Walmart, Sam's Club, and Ross. The 5-mile trade area has over 89,700 residents and 22,800 daytime employees, with average household incomes of $81,137. This presents a compelling investment opportunity due to its strong tenant, favorable lease terms, and prime location within a thriving retail corridor. The property's APN is R29-222-18-3780-0000-0010.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,115,000
- ML approach
- $1,205,000
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,235,000 Current use
- RESTAURANT
- $1,535,000 Change: +24% Conversion: Difficult
- RETAIL STORES
- $995,000 Change: -20% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Brooksville
- County
- Hernando
- State
- Florida
- Longitude
- -82.5237
- Latitude
- 28.5342
- 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
$16,868
$949,174
$0.00
$949,174
-
$320,546
$1,015,413
$1,335,959
