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    Chatman Blvd Brooksville, FL 34601
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    Property profile & analytics

    Chatman Blvd, Brooksville, FL 34601

    View on Map
    • Warehouses
    • 9,550 SF
    • 1.80 lot acres
    Off-Market
    Last Sale Dec 13, 2021
    $6,545,000
    Property ID
    US19-0697850
    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.
    Value Estimations
    $4,810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for Chatman Blvd

    Year built
    2000
    Construction
    METAL FRAME
    Lot size
    1.80 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    R28-422-19-0000-0690-0000
    APU
    R2842219000006900000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 13, 2021 $6,545,000 Mhc 152 Florida Portfolio LLC Storeright Brooks Ville III LLC Special Warranty Deed $100M · Goldman Sachs Bank USA
    Jan 23, 2012 $2,225,000 Brooksville Storeright III Lake Lansing Dev LLC Warranty Deed $1.5M · Bank Of Central Florida
    Nov 17, 2005 $4,100,000 Lake Lansing Dev LLC Bay Equities INC Grant Deed $3M · Amsouth Bank
    Aug 3, 2004 $549,285 Bay Equities INC Borgeson,scott F Warranty Deed · related $348k · Suntrust Bank NA
    — — Scott F Borgeson — Deed Of Trust · related $200k · Community National Bank Pasco
    — — Bay Equities INC — Deed Of Trust · related $150k · Suntrust Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,655,000
      ML approach
      $4,935,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooksville
    County
    Hernando
    State
    Florida
    Longitude
    -82.4014
    Latitude
    28.5468
    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
    $14,801
    $700,795
    $0.00
    $700,795
    -
    $225,485
    $478,891
    $704,376

    Comparable in this City

    • Value Estimation
      $5,630,000
      4,108 SF

      7294 Broad St

      MINI-WAREHOUSE, STORAGE
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      101 Daniel Ave

      MINI-WAREHOUSE, STORAGE
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      931 Broad St

      MINI-WAREHOUSE, STORAGE
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      969 Hale Ave

      MINI-WAREHOUSE, STORAGE
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      21355 Yontz Rd

      MINI-WAREHOUSE, STORAGE
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    • Value Estimation by Request
      3,200 SF

      16331 Cortez Blvd

      MINI-WAREHOUSE, STORAGE
      16331 Cortez Blvd, Brooksville, FL 34601-8914
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Brooksville Warehouse Space Available

      Warehouse space in downtown Brooksville with offices and storage.
      1300 Ponce De Leon Blvd, Brooksville, FL 34601
      View Details
    • $1,400,000
      13,200 SF

      BROOKSVILLE Warehouse with Rental Income

      1.38 acre property with storage units and rental income.
      16331 Cortez Blvd, Brooksville, FL 34601
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    • $3,500,000
      8,056 SF

      Prime Corner Gas Station & Deli in Brooksville, FL

      Established business, 2 acres, high traffic location.
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      View Details
    • $7,500,000
      370.00 Acres

      370 Acres on Cortez Blvd

      Large agricultural land with development potential on Cortez Boulevard.
      22374 Cortez Blvd, Brooksville, FL 34601
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    • $169,900
      3.30 Acres

      BROOKSVILLE Land in Private Community

      3.30-acre homesite in exclusive CHAMPION ESTATES.
      Republican Lot 7 Way, Brooksville, FL 34601
      View Details
    • $575,000
      1.36 Acres

      Prime Land on Broad Street

      1.40 acres on US 41, great business opportunity.
      Broad St, Brooksville, FL 34601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Brooksville Retail/Flex Space

      5,000 SF retail/flex space in downtown Brooksville.
      315 W Jefferson St, Brooksville, FL 34601
      View Details
    • $30,000

      Renovated Mixed-Use Space in Brooksville

      Renovated mixed-use space ideal for retail, office, or coffee shop.
      10 Natelle Ave, Brooksville, FL 34601
      View Details
    • Contact for pricing
      2,703 SF

      Retail Space with Pick Up

      Retail building with pick up window and high traffic.
      1194 S Broad St, Brooksville, FL 34601
      View Details
    • Contact for pricing
      900 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
      1,350 SF

      Commercial Property Near Downtown Brooksville

      Commercial property for rent, conveniently located near downtown Brooksville.
      1011 S Main St, Brooksville, FL 34601
      View Details
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    Chatman Blvd
    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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    Chatman Blvd, Brooksville, FL, 34601
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