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    Homosassa Restaurant, Bar, and Store Title is generated by Realmo AI

    10465 W Yulee Drive, Homosassa, FL 34448

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    Picture of Bars & Pubs at 10465 W Yulee Drive, Homosassa, FL
    For Sale
    $2,200,000

    SINGLE_FAMILY - Homosassa, FL

    Type:Retail
    Lot size:
    0.81 Acres
    Added:
    May 13, 2026
    Days on Market:
    3
    Last Refresh:
    May 15 at 6:06 pm

    Property Features for 10465 W Yulee Drive

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    CLC
    Parking features
    Boat, Driveway
    Interior features
    HighCeilings, SolidSurfaceCounters
    Exterior features
    Lighting, RainGutters, PavedDriveway
    Standard status
    Active
    APN
    3184341
    Lot size
    0.81 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    TOWN OF HOMOSASSA PB 1 PG 6 (LR-03-01 ACCEPTED 5/7/03 SURVEY IN OR BK 1650 PG 1869-1886) PARCEL B: COM AT THE SW COR OF LOT 3 BLK 102 TH N 89D 35M 44S E AL THE S LN OF SD LOT 3 & ITS EXTENSION A DIST OF 96.42 FT TO THE POB TH S 89D 35M 44S W AL SD S LN A DIST OF 96.42 FT TH S 89D 40M 37S W A DIST OF 5 FT TH N 0D 09M 35S W 45 FT TH N 77D 02M 07S E 71.27 FT TH N 23D 36M 13S W 39.71 FT TH N 22D 52M E 230.86 FT TH S 70D 26M E 114.06 FT TO A PT ON THE W LN OF W YULEE DR AS SHOWN ON CC PRESCRIPTIVE RO AD MAP RECORDED IN PB 1 PG 43 TH S 17D 58M 23S W AL SD W LN OF W YULEE DR A DIST OF 95.19 FT TH CONT AL SD W LN S 30D 46M 42S W 144.09 FT TH CONT AL SD W LN S 39D 02M 12S W 73.19 FT TO A PT ON THE S LN OF LOT 4 BLK 102 AND THE POB TITLE IN OR BK
    Tax Annual Amount
    5889

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    River Access, Waterfront, Canal Access
    Water front
    1

    Building Details

    Year built
    1975
    Floors in Building
    1
    Flooring type
    Tile, Concrete
    Building materials
    Frame, WoodSiding
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Darci Smith

    Listing agent Darci Smith License #3484760

    Listing office Trotter Realty 4177 S Suncoast Boulevard, Homosassa, FL

    Listing date May 13, 2026

    MLS# 854804

    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

    This is an income-producing restaurant, bar, and package store opportunity located in a rapidly growing coastal county in Florida. The sale includes both the real estate and the business. The business has established brand recognition and multiple revenue streams supported by a 4COP license, a full kitchen, bar service, package sales, and live entertainment. The business averages over 1.5M in annual sales. It has a history of strong performance and a loyal clientele. The free-standing facility is in a prime, highly visible location near a public boat ramp, in the center of a golf-cart-friendly waterfront community that generates consistent local traffic and year-round tourism. The property features indoor dining, a full bar, an outdoor patio, a bandstand, a package pick-up window, and ample parking. It also has a fully equipped commercial kitchen. Recent capital improvements include updated kitchen equipment, a POS system, new cooling units, flooring, roof work, bar upgrades, and additional A/C systems. The business has a fully staffed team. A hands-on owner-operator or investor can further increase revenue through expanded hours, events, catering, or delivery service. The property is one of the area's most recognizable local landmarks, with over 90 years of history and a loyal following of locals, boaters, and visitors. The lot size is 0.81 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Old Mill Tavern Bar & Pub Drunken Pirate Tours Resort

    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.

    Similar Places Nearby

    • Manatee Campground Marina Pub — 10175 W Fishbowl Dr, Homosassa, FL 34448

    Location Insight

    • Map
    • Local Demand
    City
    Homosassa
    County
    Citrus
    State
    Florida
    Longitude
    -82.607475
    Latitude
    28.784818

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    FAQs

    What type of property is this?
    Bar & Pub - Income-producing hospitality business with real estate, brand, and revenue.
    Where is this bar & pub located?
    The property is located at 10465 W Yulee Drive Homosassa, FL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (352) 651-4546
    We can help!
    Listing Contact
    Darci Smith
    Real Estate License ID: 3484760
    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.

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