20133 Cortez Blvd Brooksville, FL 34601
Property Lookup
Property profile & analytics
20133 Cortez Blvd Brooksville, FL 34601
- Turn key restaurants
- 3,755 SF
- 1.36 lot acres
Property ID
US18-5709634
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.
Location Intelligence
Current Use by Public Records
- Pardon My Cheesesteak / Courier Service / Postal Service
- IHOP / Restaurant
Property Details for 20133 Cortez Blvd
- Year built
- 2021
- Construction
- CONCRETE
- Lot size
- 1.36 lot acres
- Property size
- 3,755 SF
- Property type
- Turn key restaurants
- APN
- R28-422-19-0000-0070-0060
- APU
- R2842219000000700060
Description
This exceptional investment opportunity presents a 6,077 square foot IHOP restaurant situated on a 1.4-acre lot in Brooksville, Florida. The property boasts a 15-year absolute NNN lease, commencing August 1, 2021, and expiring July 31, 2036, with 11.7 years remaining. The lease includes six 5-year renewal options and features annual rent bumps of 1%. The property's strong financial performance is reflected in its current Net Operating Income (NOI) of $130,573, yielding a 5.17% cap rate on the $2,525,000 asking price. Built in 2021, this single-tenant property is operated by a top-performing franchisee. Its prime location in Brooksville, less than an hour from the Tampa MSA, benefits from high visibility on a busy intersection with over 60,000 average daily traffic. The surrounding area includes a dense concentration of major national retailers such as Walmart, Lowe's, Publix, Winn-Dixie, AutoZone, CVS, and Wawa, ensuring consistent customer traffic. This is a passive investment opportunity with no landlord responsibilities, offering a secure and profitable return for years to come. The property is categorized as QSR/Fast Food and Restaurant.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,750,000
- ML approach
- $1,890,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,504,000
Market price range: $476k - $1.50M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooksville
- County
- Hernando
- State
- Florida
- Longitude
- -82.4006
- Latitude
- 28.5398
- 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
$35,902
$350,788
$1,351,754
$1,702,542
-
$261,879
$1,440,663
$1,702,542
