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

    16435 Spg Hl Dr Brooksville, FL 34604-8167

    • Office buildings
    • 1,131 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimations
    $185,000
    Show details
    Cap Rate Potential
    4.1%
    Office buildings
    Location Intelligence
    Property ID
    US18-2431267
    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

    • Blevins Vernon / Insurance Agency
    • Gene Hood Bail Bonds / Bail Bonds Service

    Property Details for 16435 Spg Hl Dr

    Year built
    2002
    Construction
    CONCRETE
    Lot size
    1.20 lot acres
    Property size
    1,131 SF
    Property type
    Office buildings
    APN
    R18-423-19-0000-0320-0010
    APU
    R1842319000003200010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $200,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $135,000
      6.5%
      $125,000
      7%
      $115,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $223,000
      Market price range: $81.2k - $223k
      AI Estimate
      $157,000
      Market price range: $44.0k - $158k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $145,000
      Current use
      AUTO REPAIR, GARAGE
      $215,000
      Change: +46% Conversion: Difficult
      RETAIL STORES
      $170,000
      Change: +18% Conversion: Moderate
      MEDICAL BUILDING
      $155,000
      Change: +4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Hernando
    State
    Florida
    Longitude
    -82.4526
    Latitude
    28.4816
    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
    $3,760
    $128,211
    $106,998
    $235,209
    -
    $148,452
    $116,448
    $264,900

    Comparable in this City

    • Value Estimation
      $210,000
      1,960 SF

      3151 Air Commerce Blvd

      PROFESSIONAL BUILDING • 1,960 SF
      3151 Air Commerce Blvd, Brooksville, FL 34604-0603
      View Details
    • Value Estimation
      $195,000
      5,575 SF

      16110 Aviation Loop Dr

      PROFESSIONAL BUILDING • 5,575 SF
      16110 Aviation Loop Dr, Brooksville, FL 34604-6993
      View Details
    • Value Estimation
      $185,000
      1,435 SF

      6288 California St

      PROFESSIONAL BUILDING • 1,435 SF
      6288 California St, Brooksville, FL 34604-8310
      View Details
    • Value Estimation
      $215,000
      10,766 SF

      15215 Technology Dr

      PROFESSIONAL BUILDING • 10,766 SF
      15215 Technology Dr, Brooksville, FL 34604-0690
      View Details
    • Value Estimation
      $145,000
      5,200 SF

      2401 Corporate Blvd

      PROFESSIONAL BUILDING • 5,200 SF
      2401 Corporate Blvd, Brooksville, FL 34604-0623
      View Details
    • Value Estimation
      $220,000
      196 SF

      5285 California St

      PROFESSIONAL BUILDING • 196 SF
      5285 California St, Brooksville, FL 34604-8028
      View Details

    Similar Nearby for Sale

    • $595,000

      Mixed-Use Property on US 41

      1.8-acre property with highway frontage, suitable for retail, office, live/work.
      1026 Roosevelt Ave, Brooksville, FL 34604
      View Details
    • $995,000
      2.75 Acres

      Brooksville Commercial Land

      2.75 Acres, High-Traffic Location
      15200 Copeland Way, Spring Hill, FL 34604
      View Details
    • $5,500,000

      Brooksville Townhome Development Land

      25.7 Acres, 175 Townhome Units Approved
      18039 Powell Rd, Brooksville, FL 34604
      View Details
    • $135,000
      1.00 Acre

      Commercial Land on US 41

      One acre commercial land with high visibility on US 41.
      Powell Rd, Brooksville, FL 34604
      View Details
    • New
      $44,999
      0.58 Acres

      Scenic Land Parcel in Brooksville

      0.58-acre parcel near schools, parks, and major highways.
      1015 Jenkins Ave, Brooksville, FL 34604
      View Details
    • New
      $89,900
      0.77 Acres

      Spacious Residential Lot in Brooksville

      0.77-acre residential lot in established Brooksville community.
      16280 Palacky St, Brooksville, FL 34604
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      7,000 SF

      BROOKSVILLE Office Space For Lease

      Deluxe office spaces ranging from 700 to 7,000 square feet.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    • $1.00 SF/Yr
      7,000 SF

      Deluxe Office Space in BROOKSVILLE

      Secure, gated office campus with flexible floor plans and amenities.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    • $18 SF/Yr
      3,500 SF

      Spacious Warehouse with Included Utilities

      3500 SF warehouse with included utilities near Hwy 41.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    • Contact for pricing

      Land Near Suncoast Parkway Onramp

      Commercial land with high traffic near major retailers and golf communities.
      15166 Spring Hill Dr, Brooksville, FL 34604
      View Details
    • $14 SF/Yr
      2,500 SF

      Spacious Warehouse Bay with Amenities

      2500 sq ft warehouse with included utilities and shared amenities.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    • $18 SF/Yr
      3,500 SF

      Spacious Bay Garage in Brooksville

      3500 sq ft warehouse with included utilities near Hwy 41.
      2251 Topline Way, Brooksville, FL 34604
      View Details
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    Brooksville, FL 34604-8167
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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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