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    Property profile & analytics

    16472 Cortez Blvd Brooksville, FL 34601

    • Commercial land
    • 1,357 SF
    For Sale
    View listing
    $260,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4017870
    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

    • Commercial land

    Property Details for 16472 Cortez Blvd

    Year built
    1961
    Property size
    1,357 SF
    Property type
    Commercial land
    Property subtype
    Office Units

    Description

    COMMERCIAL OPPORTUNITY!! This Property Is Located On Cortez Blvd With 28,000 Vehicles Passing By Daily! It Is Currently Zoned Residential In A Commercial District And Can Easily Be Zoned Commercial. Building On The Property Has 1025 sq ft Heated Space, 3 Offices/Bedrooms, 2 Bathrooms, Open Area, Kit ... chen & Garage. Location Is Ideal As It Is On Cortez Blvd (SR 50) Minutes From The Suncoast Expressway (589) With Equal Access To Spring Hill And Brooksville. Variety Of Uses To Include Accounting, Real Estate, Professional Services, Insurance, Etc. Call Today For Your Private Showing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Pasco
    State
    Florida
    Longitude
    -82.4521515
    Latitude
    28.5404517

    Comparable in this City

    • $260,000
      1,025 SF

      Commercial Land on Cortez Boulevard

      Commercial opportunity on Cortez Blvd with high traffic volume.
      16472 Cortez Blvd, Brooksville, FL 34601
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    • $260,000
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      BROOKSVILLE Mixed-Use Commercial Opportunity

      Commercial property on Cortez Blvd, ideal for professional services.
      16472 Cortez Blvd, Brooksville, FL 34601
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      1,400 SF

      Brooksville Corner Building For Sale

      High-visibility, renovated 1400 sq ft building in Brooksville, Florida.
      100 Ponce De Leon Blvd, Brooksville, FL 34601
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    • $260,000
      Pending

      BROOKSVILLE Mixed-Use Commercial Opportunity

      Commercial property on Cortez Blvd, ideal for various professional services.
      16472 Cortez Blvd, Brooksville, FL 34601
      View Details
    • $550,000
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      Versatile Property on Broad Street

      Adaptable property suitable for retail, restaurant, office, or mixed-use.
      11738 Broad St, Brooksville, FL 34601
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    • $145,000
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      Commercial Land in Fast-Growing Area

      Commercial land zoned C-3 near Publix and Suncoast Parkway.
      7419 Buck Hope Rd, Brooksville, FL 34601
      View Details

    Similar Nearby for Sale

    • $260,000
      1,025 SF

      Commercial Land on Cortez Boulevard

      Commercial opportunity on Cortez Blvd with high traffic volume.
      16472 Cortez Blvd, Brooksville, FL 34601
      View Details
    • $260,000
      Pending

      BROOKSVILLE Mixed-Use Commercial Opportunity

      Commercial property on Cortez Blvd, ideal for professional services.
      16472 Cortez Blvd, Brooksville, FL 34601
      View Details
    • Contact for pricing
      1,400 SF

      Brooksville Corner Building For Sale

      High-visibility, renovated 1400 sq ft building in Brooksville, Florida.
      100 Ponce De Leon Blvd, Brooksville, FL 34601
      View Details
    • $260,000
      Pending

      BROOKSVILLE Mixed-Use Commercial Opportunity

      Commercial property on Cortez Blvd, ideal for various professional services.
      16472 Cortez Blvd, Brooksville, FL 34601
      View Details
    • $550,000
      6,900 SF

      Versatile Property on Broad Street

      Adaptable property suitable for retail, restaurant, office, or mixed-use.
      11738 Broad St, Brooksville, FL 34601
      View Details
    • $145,000
      0.66 Acres

      Commercial Land in Fast-Growing Area

      Commercial land zoned C-3 near Publix and Suncoast Parkway.
      7419 Buck Hope Rd, Brooksville, FL 34601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Spacious Warehouse Suite in Brooksville

      Adaptable 2,984 sq ft warehouse suite for various business needs.
      20040 Cortez Blvd, Brooksville, FL 34601
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      Regal Oaks Office Space Available

      2,081 SF office space in Brooksville, Florida for rent.
      16332 Cortez Blvd, Brooksville, FL 34601
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    • $2,500 /Mo
      2,489 SF

      Renovated Mixed-Use Space in Brooksville

      Renovated mixed-use space with modern amenities in a growing market.
      10 Natelle Ave, Brooksville, FL 34601
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      Renovated Mixed-Use Space in Brooksville

      Renovated mixed-use space ideal for retail, office, or coffee shop.
      10 Natelle Ave, Brooksville, FL 34601
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    • Contact for pricing

      1.25 Acre Parcel Available

      1.25-acre parcel adjacent to national gas station.
      50 And Mondon Hl Dr, Brooksville, FL 34601
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      Retail and Office Plaza Space

      Shopping plaza with retail, restaurant, and office spaces available.
      7394 Broad St, Brooksville, FL 34601
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    Brooksville, FL 34601
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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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