Entity Owned 
For Sale
1 / 72
$1,400,000
16331 Cortez Blvd,Unit BROOKSVILLE, Brooksville, FL 34601
View Listing →
Property summary
AI-generated overview
The property is zoned C2 and comprises 1.38 acres. It contains two buildings totaling 13,500 square feet and provides 94 storage units, along with outdoor RV/boat storage. Additional commercial rental space is present within the property. The site is gated and fenced for security and includes an on-site full apartment with 2 bedrooms and 1 bathroom designed for a live-in manager, as well as a large office. The buildings have undergone interior and exterior updating, including fresh paint. The property is located near the Suncoast Parkway in a developing area, with reported average annual daily traffic of 17,500 vehicles. The property is set up to be managed with on-site oversight and is not maximized for its full potential usage.
Property profile
Verified
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Total area
3,200 SF
Lot
1.4 ac (60,984 SF)
APN
R25-222-18-2450-00C0-0300
UPID
US18-5408905
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2025
Last sale
$800,000
5 recorded transactions
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
Source audit · 6 inputs
PDF export
Professional plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
3,200 SF
Lot area
1.4 ac
Year built
1985
Stories
2
APN
R25-222-18-2450-00C0-0300
Assessed value
$533,778
Annual tax
$9,650
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$9,650
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$376k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
23.8 mi away · 3,737 SF
24.5 mi away · 3,520 SF
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 19 sales
$72
+64%
Submarket 54 sales
$81
+45%
County 52 sales
$85
+39%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $118/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
9.19%
Selected cap rate for this other warehouses
Derived from the Brooksville market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.19%
9.0%
NOI (est.)
$129k *
Last sale · Jun 2025
$800k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.40M
Move the market yield to see immediate price impact.
Value / SF
$437
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.69%9.19%9.69%
$116k
$1.33M
$1.26M
$1.19M
$129k
$1.48M
$1.40M
$1.33M
$141k
$1.63M
$1.54M
$1.46M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$400k
20.0 mi · Feb 2026 · $179/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$9,650
Tax year 2022
Assessed value
$533,778
Assessed 2023
Previous assessed
$698,914
-23.6% YoY
Effective rate
1.81%
On assessed value
Assessed land
$533,778
Land market value
$289,800
Improvement market value
$487,486
Total market value
$777,286
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1985
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
4
Stories
2
Rooms
1
Bathrooms
3
Total area
3,200 SF
Lot
1.4 ac (60,984 SF)
APN
R25-222-18-2450-00C0-0300
UPID
US18-5408905
Jurisdiction
HERNANDO
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1985
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
4
Rooms
1
Bathrooms
3
Lot
1.4 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Get access to Data & Analytics Reports
Choose the membership plan that suits your needs
Unlock 1 Light Report
Free
Confirm your email
and get 1 Light Report
and get 1 Light Report
Your report includes if available
- Property Ownership
- Basic report summary
MOST POPULAR
Professional plan
$99
/mo
30 FULL REPORTS a month.
Your membership includes if available
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
Enterprise plan
$299
/mo
300 FULL REPORTS a month.
Your membership includes if available
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
