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    Homosassa Vacant Land with Dock Title is generated by Realmo AI

    5630 S Garcia Road, Homosassa, FL 34448

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    For Sale
    $199,000

    LAND - Homosassa, FL

    Property size:
    1,523 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $130/SF
    Added:
    May 27, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 5630 S Garcia Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    CLR,R1
    Patio and Porch features
    Deck
    Standard status
    Active
    APN
    3525838
    Size
    1,523 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    WEILER'S UNREC SUB THAT PORT LOT 2-A & 3-A MORE PART DESC AS FOLLOWS: COM AT SE COR LOT 38 HOMOSASSA COMPANY'S SUBDIVISION OF SE 31 TWN 19S RNG 17E PB 1 PG 3; THN S 89 DEG 48M 19S W 20.70 FT THN S 4 DEG 25M 10S E 50.07 FT TO POB SAID POINT ON S ROW L INE OF W GREGORY CT (50 FT WIDE RD); THN N 89 DEG 48M 19S E ALONG SAID S ROW LINE 24.79 FT TO W'RLY ROW LINE OF S GARCIA RD (WIDTH VARIES) *** too long, see deed***
    Tax Annual Amount
    2379

    Utilities

    Water source
    Public
    Water front features
    Canal Access, Waterfront, River Access
    Water front
    1

    We can help!

    Listing Contact
    Lindsay Stewart

    Listing agent Lindsay Stewart License #3421785

    Listing office Reliance Realty & Investments, Inc. 9603 Houston Ave, Hudson, FL

    Listing date May 27, 2026

    MLS# 855179 Listing URL

    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.

    HighLights

    • Direct canal access to the Homosassa River and the Gulf of Mexico.
    • New dock installed (in 2025).
    • Stamped engineered plans available for a 3‑bedroom, 2‑bath home (1523 sq ft living space).
    • Located on a canal only two canals off the Homosassa River.
    • Close proximity to popular waterfront restaurants (MacRae's, The Freezer, Crumps Landing).
    • Golf cart accessible to nearby dining.

    Overview

    This vacant land parcel, located in Homosassa, FL, offers .16 of an acre of residential land and home lots. The property, zoned CLR and R1, features a new dock planned for installation in 2025. Situated only two canals off the Homosassa River on the south side, this lot presents an opportunity to build a home with convenient access to the river and the Gulf of America. The location is minutes away by car or boat to local dining establishments such as MacRae's, The Freezer, and Crumps Landing. The property's location also allows for golf cart access to nearby dining options. Stamped engineered plans are available for a 3-bedroom, 2-bath home on stilts, featuring 1523 sq ft of living space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Gym & Fitness Center Hotel & Motel Department Store Food Market Accounting Firm Storage Facility 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
    -82.62654
    Latitude
    28.779373

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    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land with new dock planned near Homosassa River.
    Where is this residential land & home lot located?
    The property is located at 5630 S Garcia Road Homosassa, FL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Direct canal access to the Homosassa River and the Gulf of Mexico.; New dock installed (in 2025).; Stamped engineered plans available for a 3‑bedroom, 2‑bath home (1523 sq ft living space).
    (352) 232-7343
    We can help!
    Listing Contact
    Lindsay Stewart
    Real Estate License ID: 3421785
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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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