Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12950 Cortez Blvd Brooksville, FL 34613

    Property Lookup

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

    12950 Cortez Blvd Brooksville, FL 34613

    View on Map
    • Outlet malls
    • 55,011 SF
    • 3.78 lot acres
    For Sale
    $8,480,000
    View Listing →
    Brooksville Retail Investment Opportunity For Sale
    $8,480,000
    55,000 SF

    Brooksville Retail Investment Opportunity

    Single-tenant retail property in a major retail corridor.

    12950 Cortez Blvd, Brooksville, FL 34613
    View Listing
    Property ID
    US18-7989712
    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

    • Hobby Lobby / (Bike/Boat/Book/etc) Store

    Property Details for 12950 Cortez Blvd

    Year built
    2014
    Construction
    TILT-UP CONCRETE
    Lot size
    3.78 lot acres
    Property size
    55,011 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    R33-222-18-0211-0010-0000
    APU
    R3322218021100100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,563,000
      Market price range: $5.56M - $12.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Hernando
    State
    Florida
    Longitude
    -82.5134
    Latitude
    28.5317
    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
    $66,805
    $1,847,500
    $2,551,266
    $4,398,766
    -
    $1,466,212
    $2,932,554
    $4,398,766

    Comparable in this City

    • Value Estimation
      $2,830,000
      21,538 SF

      7061 Coastal Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 21,538 SF
      7061 Coastal Blvd, Brooksville, FL 34613-5841
      View Details
    • Value Estimation
      $4,355,000
      44,968 SF

      12936 Cortez Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 44,968 SF
      12936 Cortez Blvd, Brooksville, FL 34613-6803
      View Details
    • Value Estimation
      $14,270,000
      203,784 SF

      13300 Cortez Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 203,784 SF
      13300 Cortez Blvd, Spring Hill, FL 34613-4887
      View Details
    • Value Estimation by Request
      11,696 SF

      13370 Cortez Blvd

      SHOPPING CENTER, STRIP CENTER • 11,696 SF
      13370 Cortez Blvd, Brooksville, FL 34613-4887
      View Details
    • Value Estimation by Request
      576 SF

      9063 Gettie Dr

      SHOPPING CENTER, STRIP CENTER • 576 SF
      9063 Gettie Dr, Weeki Wachee, FL 34613-4417
      View Details
    • Value Estimation
      $1,415,000
      2.01 Acres

      Horn Ave

      SHOPPING CENTER, STRIP CENTER • 2.01 Acres
      Horn Ave, Brooksville, FL 34613
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      875 SF

      Community Shopping Center For Sale

      188,347 SF shopping center in major retail corridor.
      13050-13190 Cortez Blvd, Brooksville, FL 34613
      View Details
    • $579,000
      640 SF

      Retail Space on Chambord Street

      Retail space available for sale on Chambord Street.
      13379 Chambord St, 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
    • $2,900,000
      7,754 SF

      Retail Building Near Suncoast Parkway

      Retail building with high visibility near Suncoast Parkway on-ramp.
      15010 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

    Similar Nearby for Lease

    • 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

      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
    • 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
      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
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12950 Cortez Blvd
    Brooksville, FL 34613
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!