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Property profile & analytics
FOR SALE
Commercial land

29373 Cortez Blvd Brooksville, FL 34602

Property ID
US18-8652986
Property summary
AI-generated overview

The Subject Property is 13.48± acres (100% uplands) of vacant land near the newly expanded interchange at State Road 50 and Interstate 75. Hernando County Planning Department has expressed support in amending the entitlements to a well-planned commercial development. Ideally, a use that supports the immediate area's new employment centers and population growth. A residential use would require a future land use amendment if you couldn't work within the current zoning. The above is based on conversations had with the Hernando County Planning Department thus far. The owner has engaged RedElk Land Company to market the Subject Property exclusively. State Road 50 is a major growth corridor that has been recently expanded in anticipation of the boom in population growth of the surrounding area. Interstate 75 Corridor growth can be attributed to the desire to locate new employment centers near a qualified labor base and to support commerce in the area's greater MSAs. There is too much growth in the area to adequately summarize in a narrative format.

Property profile
Verified
Property type Commercial land
UPID US18-8652986
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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