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    10460 W New York Street Homosassa, FL 34448

    View on Map
    For Sale
    $539,900

    SINGLE_FAMILY - Homosassa, FL

    Type:Retail
    Lot size:
    0.18 Acres
    Added:
    Dec 3, 2024
    Days on Market:
    483
    Last Refresh:
    Mar 31 at 2:06 pm

    Property Features for 10460 W New York Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    CLC
    Parking features
    Parking Lot, Driveway
    Exterior features
    HandicapAccessible, BlacktopDriveway
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    3184353
    Lot size
    0.18 Acres

    Taxes and HOA fees

    TaxYear
    2023
    TaxDescription
    TOWN OF HOMOSASSA PB 1 PG 6 (LR-03-01 ACCEPTED 5/7/03 SURVEY IN OR BK 1650 PGS 1869-1886) PARCEL C: COM AT THE SW COR OF LOT 3 BLK 102 TH N 0D 09M 35S W AL THE W LN OF LOTS 2 & 3 AND ITS EXTENSION A DIST OF 335.14 FT TH N 83D 20M 43S E 158.47 FT TO A PT ON THE S LN OF W NEW YORK ST AS SHOWN ON CC PRESCRIPTIVE ROAD MAP RECORDED IN PB 1 PG 43 AND THE POB TH N 83D 20M 43S E AL SD S LN OF W NEW YORK ST A DIST OF 121.19 FT TO A PT ON THE W LN OF W YULEE DR AS SHOWN IN SD PB 1 PG 43 TH S 17D 59M 24S W AL SD W LN OF W YULEE DR A DIST OF 32.78 FT TH CONT AL SD W LN S 18D 09M 15S W 52.36 FT TH CONT AL SD W LN S 17D 58M 23S W 15.50 FT TH N 70D 26M W 114.06 FT TH N 22D 52M E 47.14 FT TO THE POB TITLE IN OR BK 531 PG 2480 OR BK 532 PG 565 OR BK 804 PG
    TaxAnnualAmount
    1781

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    Canal Access, River Front
    Water front
    1

    Building Details

    Year built
    2015
    Floors in Building
    2
    Flooring type
    Tile, Vinyl
    Building materials
    Stucco
    Roof type
    Metal

    We can help!

    Listing Contact
    G Franklin "Kane" Dixon

    Listing agent G Franklin "Kane" Dixon License #3525996

    Listing office ERA American Suncoast Realty 117 South Hwy 41, Crystal River, FL

    Listing date Dec 3, 2024

    MLS# 839550

    Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Homosassa Commercial Property with Rental

    This commercial property is located in the heart of Homosassa, Florida, a golf carting community known for its world-class fishing and tourism. The property is zoned CLC, offering endless business opportunities. The building is handicap accessible, featuring a ramp, rails, and a bathroom. The upstairs living quarters is currently used as a vacation rental and is booked out to March 2025. The upstairs area includes a full kitchen and a recently renovated bathroom. The lot size is 0.18 acres. The property was never flooded.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jr's Smashburgers Restaurant Snorkel with the Manatees, ... Tour Operator

    Suggested Use

    Real Estate Agency Restaurant Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Hotel & Motel Department Store Bar & Pub Food Market Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Homosassa
    County
    Citrus
    State
    Florida
    Longitude
    -82.60722
    Latitude
    28.785294

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    • Contact for pricing

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    FAQs

    What type of property is this?
    Retail space - Commercial property with vacation rental in Homosassa, Florida.
    Where is this retail space located?
    The property is located at 10460 W New York Street Homosassa, FL.
    What is the asking price?
    The asking price for this property is $539,900.
    What are key features of this property?
    This property features: Owner financing available; Currently operating as a vacation rental booked through March 2025; CLC zoning offers endless business opportunities
    (352) 422-3204
    We can help!
    Listing Contact
    G Franklin "Kane" Dixon
    Real Estate License ID: 3525996
    Learn More
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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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