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    Property profile & analytics

    12367 Cortez Blvd Brooksville, FL 34613-5631

    • Retail space
    • 6,100 SF
    • 3.12 lot acres
    OFF-MARKET
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3044132
    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

    • Bob's Carpet & Flooring / Carpet Store / Tile Store

    Property Details for 12367 Cortez Blvd

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    3.12 lot acres
    Property size
    6,100 SF
    Zone code
    C-2
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    R29-422-18-0000-0020-0000
    APU
    R2942218000000200000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,000,000
      6.5%
      $920,000
      7%
      $855,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,287,000
      Market price range: $617k - $1.33M
      AI Estimate
      $562,000
      Market price range: $97.5k - $727k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $930,000
      Current use
      RESTAURANT
      $1,440,000
      Change: +55% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,155,000
      Change: +24% Conversion: Difficult
      MEDICAL BUILDING
      $825,000
      Change: -11% Conversion: Difficult
      OFFICE BUILDING
      $790,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Hernando
    State
    Florida
    Longitude
    -82.5189
    Latitude
    28.5345
    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
    $21,133
    $1,029,479
    $351,035
    $1,380,514
    -
    $968,012
    $438,793
    $1,406,805

    Comparable in this City

    • Value Estimation
      $720,000
      9,382 SF

      10210 Hexam Rd

      STORE, RETAIL OUTLET • 9,382 SF
      10210 Hexam Rd, Weeki Wachee, FL 34613-3611
      View Details
    • Value Estimation by Request
      4,000 SF

      7232 Brookridge Central Blvd

      STORE, RETAIL OUTLET • 4,000 SF
      7232 Brookridge Central Blvd, Brooksville, FL 34613-5907
      View Details
    • Value Estimation by Request
      936 SF

      8256 Commercial Way

      STORE, RETAIL OUTLET • 936 SF
      8256 Commercial Way, Weeki Wachee, FL 34613-4509
      View Details
    • Value Estimation
      $1,770,000
      9,230 SF

      15515 Cortez Blvd

      STORE, RETAIL OUTLET • 9,230 SF
      15515 Cortez Blvd, Brooksville, FL 34613-6152
      View Details
    • Value Estimation
      $580,000
      4,800 SF

      13346 Cortez Blvd

      STORE, RETAIL OUTLET • 4,800 SF
      13346 Cortez Blvd, Brooksville, FL 34613-4887
      View Details
    • Value Estimation
      $730,000
      9,570 SF

      14111 Cortez Blvd

      STORE, RETAIL OUTLET • 9,570 SF
      14111 Cortez Blvd, Brooksville, FL 34613-2707
      View Details

    Similar Nearby for Sale

    • 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
    • $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
    • Contact for pricing
      193,766 SF

      Community Shopping Center For Sale

      188,347 SF shopping center in major retail corridor.
      13050-13190 Cortez Blvd, Brooksville, FL 34613
      View Details
    • $595,000
      1.42 Acres

      BROOKSVILLE Land on Cortez Boulevard

      1.4 acre C2-zoned lot with high traffic frontage.
      Cortez Blvd, Brooksville, FL 34613
      View Details
    • $5,400,000
      75.56 Acres

      75-Acre Commercial Land, Spring Hill, FL

      Prime commercial land, Hwy 19 & Woodland Waters Blvd.
      10050 Woodland Waters Blvd, Spring Hill, FL 34613
      View Details
    • $1,999,000
      1.94 Acres

      Prime Brooksville Commercial Land

      1.94 Acres, C-2 Zoning, Hwy 50 Frontage
      11507 Cortez Blvd, Brooksville, FL 34613
      View Details

    Similar Nearby for Lease

    • $67,500

      Retail Space in Sonlight Plaza

      Retail spaces available in high-traffic Spring Hill location.
      9260 Cortez Blvd, Spring Hill, FL 34613
      View Details
    • $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
      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

      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
    • 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 34613-5631
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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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