Fully Equipped Restaurant and Sports
For Sale
$675,000
Pending
4828-4824 S Suncoast Boulevard, Homosassa, FL 34446
SINGLE_FAMILY - Homosassa, FL
Property Size4,172 SF
Lot Size0.92 Acres
Days on Market144
Property Features for 4828-4824 S Suncoast Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
GNC
Parking features
Driveway
Interior features
SolidSurfaceCounters
Exterior features
BlacktopDriveway
Subdivision
Homosassa Enterprises
Lot features
Cleared, Flat
Directions
From Homosassa Trail, South onto Hwy 98 (Suncoast Blvd) about 1 mile. Property is on the Right.
Standard status
Pending
APN
1138116
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOMOSASSA HGTS PB 4 PG 121 LOT 12 BLK A HOMOSASSA HGTS PB 4 PG 121 LOT 11 BLK A
Tax Annual Amount
6263
Legal Description
HOMOSASSA HGTS PB 4 PG 121 LOT 12 BLK A HOMOSASSA HGTS PB 4 PG 121 LOT 11 BLK A
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Well
Amenities
pool room
Building Details
Year built
1970
Floors in Building
1
Flooring type
Laminate, Tile
Building materials
Stucco
Roof type
Metal
Listing Agency:
Century 21 J.W.Morton R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Thao Le · License #3390499
(352) 586-3666
Added: Mar 16
Changed: Aug 1
Last Checked: Aug 6 at 7:06PM
MLS# 853120
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.
Investment Insights
Based on property information with market context.
This property includes two commercial buildings anchored by a fully equipped restaurant, sports bar, and grill concept with full liquor service. Building 1 totals 2,880 SF and is described as having indoor and outdoor seating plus a separate pool room. The restaurant includes solid-surface counters and is supported by central heating and central air with electric systems. Flooring is laminate and tile, and the exterior includes stucco construction with a metal roof.
The offering is located on 0.92 acres with excellent Highway 19 frontage and high visibility. The stated traffic count is 30,000 VPD. Building 2 is currently leased to a cabinet shop, adding to the rental stream. The property also lists ample parking and a blacktop driveway.
Utilities are shown as well water and a septic tank, and the property was built in 1970. With two buildings and highway exposure, the setup is suited to both owner-operators and investors seeking an immediately active restaurant operation alongside a leased second tenant space.
The offering is located on 0.92 acres with excellent Highway 19 frontage and high visibility. The stated traffic count is 30,000 VPD. Building 2 is currently leased to a cabinet shop, adding to the rental stream. The property also lists ample parking and a blacktop driveway.
Utilities are shown as well water and a septic tank, and the property was built in 1970. With two buildings and highway exposure, the setup is suited to both owner-operators and investors seeking an immediately active restaurant operation alongside a leased second tenant space.
Key Highlights
- Two‑building commercial property totaling 4,172 SF on 0.92 acres
- Excellent Highway 19 frontage with 30,000 VPD traffic count
- Building 1: 2,880 SF fully equipped restaurant, sports bar, and grill with full liquor service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,082
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$801,640
$801.6K
Cap Rate 7%
$572,600
$572.6K
Cap Rate 9%
$445,356
$445.4K
Market Conditions
NOI Build-Up for 4,172 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.6K $15.00/SF
− Vacancy
−$5.3K −$1.28/SF
EGI
$57.3K $13.73/SF
− OpEx
−$17.2K −$4.12/SF
NOI
$40.1K $9.61/SF
Area
Citrus County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$801,640
Cap Rate 7%
$572,600
Cap Rate 9%
$445,356
Alternative Uses
Best Use
Specialty Retail
$937.4K
$820.3K – $1.09M
NOI $65,621 @ 7.0% cap · market cap 9.72%
Second Best
Retail
$572.6K
$501.0K – $668.0K
NOI $40,082 @ 7.0% cap · market cap 5.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
7k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Electronics 29%
Truist
Shops & Services
3,072 visits/mo
0.3 miles
Regions Bank
Shops & Services
2,197 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
2,132 visits/mo
0.5 miles
Demographics for 34446, FL
18,431
Population
9,588
Households
1.9
Avg Household Size
62
Median Age
18%
College-Educated
89%
High-School Grad
29.8 sq mi
ZIP Area
618
Density / Sq Mi
$60,625
Median Household Income
$41,423
Median Earnings
$938
Median Rent
$231,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Zoned GNC, featuring a fully equipped restaurant sports bar plus a second building with an existing tenant.
Where is this conventional restaurant located?
The property is located at 4828-4824 S Suncoast Boulevard Homosassa, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑building commercial property totaling 4,172 SF on 0.92 acres; Excellent Highway 19 frontage with 30,000 VPD traffic count; Building 1: 2,880 SF fully equipped restaurant, sports bar, and grill with full liquor service
