Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    800 John Gary Grubbs Blvd Brooksville, FL 34601-3230

    • Office buildings
    • 10,704 SF
    • 74.60 lot acres
    OFF-MARKET
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3742214
    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

    • Dance First, LLC / Training Center
    • The Quarry Disc Golf Course / Golf Course
    • Enrichment Centers Inc. Of Hernando County / Community Center
    • Bud Mc Kethan Park / Park / Tourist Attraction
    • Bud Mc Kethan Park playground / Family Recreation Center

    Property Details for 800 John Gary Grubbs Blvd

    Year built
    1960
    Construction
    CONCRETE BLOCKS
    Lot size
    74.60 lot acres
    Property size
    10,704 SF
    Property type
    Office buildings
    APN
    R21-422-19-0000-0250-0000
    APU
    R2142219000002500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $702,000
      Market price range: $703k - $1.63M
      AI Estimate
      $585,000
      Market price range: $586k - $1.54M

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Hernando
    State
    Florida
    Longitude
    -82.4021
    Latitude
    28.551
    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
    2023
    $0.00
    $525,000
    $0.00
    $525,000
    -
    $525,000
    $0.00
    $525,000

    Comparable in this City

    • Value Estimation
      $2,365,000
      22,354 SF

      375 Broad St

      PROFESSIONAL BUILDING • 22,354 SF
      375 Broad St, Brooksville, FL 34601-2834
      View Details
    • Value Estimation by Request
      270 SF

      19860 Southern Hls Blvd

      PROFESSIONAL BUILDING • 270 SF
      19860 Southern Hls Blvd, Brooksville, FL 34601-5517
      View Details
    • Value Estimation
      $1,375,000
      10,128 SF

      789 Providence Blvd

      PROFESSIONAL BUILDING • 10,128 SF
      789 Providence Blvd, Brooksville, FL 34601-3043
      View Details
    • Value Estimation by Request
      3,008 SF

      19386 Ft Dade Ave

      PROFESSIONAL BUILDING • 3,008 SF
      19386 Ft Dade Ave, Brooksville, FL 34601-2411
      View Details
    • Value Estimation by Request
      1,200 SF

      7120 Hope Hl Rd

      PROFESSIONAL BUILDING • 1,200 SF
      7120 Hope Hl Rd, Brooksville, FL 34601-5608
      View Details
    • Value Estimation by Request
      3,484 SF

      1027 Howell Ave

      PROFESSIONAL BUILDING • 3,484 SF
      1027 Howell Ave, Brooksville, FL 34601-1336
      View Details

    Similar Nearby for Sale

    • New
      $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
    • $649,999
      1,400 SF

      Brooksville Commercial Property: Prime Location

      High-visibility corner lot, renovated building, great cash flow potential.
      100 Ponce De Leon Blvd, Brooksville, FL 34601
      View Details
    • New
      $260,000
      1,025 SF

      BROOKSVILLE Mixed-Use Commercial Opportunity

      Commercial property on Cortez Blvd, ideal for various professional services.
      16472 Cortez Blvd, Brooksville, FL 34601
      View Details
    • New
      $199,000
      Pending

      Brooksville Mixed-Use Commercial/Residential Property

      Mixed-use property near courthouse, suitable for various businesses or residence.
      296 N 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
    • $1,366,000
      9,650 SF

      Brooksville Medical Office Investment

      Net Leased Medical Building, 9,650 SF
      7318 Broad St, Brooksville, FL 34601
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      11,370 SF

      Regal Oaks Plaza East Office Space

      Brooksville, FL Office Suite Available
      16332 Cortez Blvd, Brooksville, FL 34601
      View Details
    • $6,000 /Mo

      Downtown Brooksville Private Office Space

      Turnkey office in historic downtown Brooksville with shared amenities.
      315 Howell Ave, 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
      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
    • 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
      1,530 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    800 John Gary Grubbs Blvd
    Brooksville, FL 34601-3230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!