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    Property profile & analytics

    7117 Broad St Brooksville, FL 34601-5536

    • Outlet malls
    • 111,073 SF
    • 17.10 lot acres
    OFF-MARKET
    Value Estimations
    $9,890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2714331
    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

    • Minute Key / Locksmith / (Bike/Boat/Book/etc) Store
    • Blue Rhino Propane Exchange / Propane Supplier
    • Lowe's Home Improvement / Building Supply / Hardware & Home Improvement
    • Lowe's Garden Center / Garden Center
    • Lowe's ProServices / Building Supply / Industrial Manufacturer

    Property Details for 7117 Broad St

    Year built
    2005
    Construction
    CONCRETE BLOCKS
    Lot size
    17.10 lot acres
    Property size
    111,073 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    R33-222-19-2673-0000-00E0
    APU
    R33222192673000000E0

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,419,000
      Market price range: $7.90M - $16.4M
      AI Estimate
      $10,453,000
      Market price range: $6.36M - $17.7M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $13,320,000
      Current use
      MEDICAL BUILDING
      $15,025,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $12,320,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Hernando
    State
    Florida
    Longitude
    -82.4106
    Latitude
    28.5332
    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
    $147,165
    $3,862,177
    $3,116,714
    $6,978,891
    -
    $2,802,263
    $4,176,628
    $6,978,891

    Comparable in this City

    • Value Estimation
      $13,500,000
      153,129 SF

      7305 Broad St

      WHOLESALE OUTLET, DISCOUNT STORE • 153,129 SF
      7305 Broad St, Brooksville, FL 34601-3158
      View Details
    • Value Estimation by Request
      2,164 SF

      21253 Yontz Rd Lot, Unit 1

      SHOPPING CENTER, STRIP CENTER • 2,164 SF
      21253 Yontz Rd Lot, Brooksville, FL 34601-1644
      View Details
    • Value Estimation
      $730,000
      55,974 SF

      671 Broad St

      SHOPPING CENTER, STRIP CENTER • 55,974 SF
      671 Broad St, Brooksville, FL 34601-2844
      View Details
    • Value Estimation by Request
      9,440 SF

      1126 Jefferson St

      SHOPPING CENTER, STRIP CENTER • 9,440 SF
      1126 Jefferson St, Brooksville, FL 34601-2434
      View Details
    • Value Estimation by Request
      14,039 SF

      7260 Broad St

      SHOPPING CENTER, STRIP CENTER • 14,039 SF
      7260 Broad St, Brooksville, FL 34601-5591
      View Details
    • Value Estimation by Request
      10,695 SF

      18734 Cortez Blvd

      SHOPPING CENTER, STRIP CENTER • 10,695 SF
      18734 Cortez Blvd, Brooksville, FL 34601-3024
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Brooksville Retail Property For Sale

      Fully stabilized, multi-tenant retail property in a growing Florida county.
      7187 Broad St, 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
    • $750,000
      2,100 SF

      Highway Property with Owner Financing

      2,100 SF property on 0.46 acres with ample parking.
      17022 Cortez Blvd, Brooksville, FL 34601
      View Details
    • $260,000
      1,025 SF

      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

      Brooksville Storefront with Business Included

      2,000 SF storefront on corner lot, includes existing business.
      1340 Howell Ave, Brooksville, FL 34601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,632 SF

      Retail Space with Planned Renovations

      Retail spaces for lease in Brooksville, excellent visibility and access.
      650-698 S Broad St, Brooksville, FL 34601
      View Details
    • Contact for pricing
      25,878 SF

      Retail End Cap For Lease

      25,878 SF retail space available in Brooksville, Florida.
      20040 Cortez Blvd, Brooksville, FL 34601
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Brooksville Center

      Retail spaces available in busy Brooksville shopping center.
      1200 S Broad St, Brooksville, FL 34601
      View Details
    • Contact for pricing
      1,500 SF

      Retail Spaces Available

      Retail spaces available for lease in Brooksville, Florida.
      1200-1212 S Broad St, Brooksville, FL 34601
      View Details
    • Contact for pricing
      1,542 SF

      Retail Space on Broad Street

      Retail space with frontage on US 41/Broad Street.
      Broad St, Brooksville, FL 34601
      View Details
    • Contact for pricing
      54,450 SF

      Brooksville, FL Outparcel - 1.25 Acres

      High-traffic retail land, excellent visibility.
      50 And Mondon Hl Dr, Brooksville, FL 34601
      View Details
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    7117 Broad St
    Brooksville, FL 34601-5536
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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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