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    Mixed-Use Retail and Residence Title is generated by Realmo AI

    6991 W Cardinal Street, Homosassa, FL 34446

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    Claim this Listing
    For Sale
    $975,000

    SINGLE_FAMILY - Homosassa, FL

    Type:Retail
    Property size:
    4,636 SF
    Lot size:
    1.05 Acres
    Price / SF:
    $210/SF
    Added:
    Jan 26, 2026
    Days on Market:
    146
    Last Refresh:
    Jun 21 at 12:06 pm

    Property Features for 6991 W Cardinal Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    GNC
    Parking features
    Driveway
    Interior features
    Fireplace
    Exterior features
    ConcreteDriveway
    Fireplace
    1
    Standard status
    Active
    APN
    1517257
    Size
    4,636 SF
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    HOMOSASSA GARDENS PB 4 PG 137 LOT 3 LESS N 210 FT THEREOF
    Tax Annual Amount
    6017

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Well

    Building Details

    Year built
    1971
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Frame, HardiplankType
    Roof type
    Metal

    We can help!

    Listing Contact
    Thao Le
    Thao Le

    Listing agent Thao Le License #3390499

    Listing office Century 21 J.W.Morton R.E. 1645 W Main Street, Inverness, FL

    Listing date Jan 26, 2026

    MLS# 851685

    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

    • 4,636 SF commercial building on over 1 acre at the corner of W. Cardinal St. and S. Lewingar Dr.
    • Directly across from Walmart on W. Cardinal St.; average daily traffic count of 28,000 vehicles.
    • Includes a 3‑bedroom, 2‑bath residence connected to commercial space with separate men’s and women’s restrooms.
    • More than 20 parking spaces; concrete driveway and on‑site parking included.
    • Metal roof; built in 1971; frame construction with Hardiplank siding.
    • Tenant‑occupied; well water and septic tank sewer; owner financing available.

    Overview

    This mixed-use property includes a connected commercial space and a 3-bedroom, 2-bath residence, all under a durable metal roof. The commercial portion is served by separate men’s and women’s restrooms, and the building provides a total size of 4,636 square feet. The site sits on 1.05 acres and includes more than 20 parking spaces, supporting on-site customer and tenant use.

    The property is located at the corner of W. Cardinal Street and S. Lewingar Dr. It is positioned directly across from Walmart, with stated average daily traffic of 28,000 vehicles. The listing also notes easy access to US-19 and the Suncoast Parkway, approximately 3.4 miles away within an IMA (Interchange Management Area). The building is currently tenant-occupied.

    For buyers or operators seeking flexibility, the configuration supports living and operating in the same location, or separating uses across the commercial and residential components. The layout and parking count may appeal to users who want dedicated customer access alongside an on-site residence, with the commercial area already equipped with separate restrooms. Owner financing is noted as available by the seller.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $83.4k $18.00
    − Vacancy −$18.4k −$3.96
    EGI $65.1k $14.04
    − OpEx −$16.3k −$3.51
    NOI $48.8k $10.53
    4,636 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $697.4K
    $610.2K – $813.6K (±1% cap)
    NOI $48,817 @ 7.0% cap · market cap 5.01%
    Second Best
    Retail
    $636.3K
    $556.8K – $742.3K (±1% cap)
    NOI $44,540 @ 7.0% cap · market cap 4.57%
    Theoretical Best
    Specialty Retail
    $1.04M
    $911.5K – $1.22M (±1% cap)
    NOI $72,919 @ 7.0% cap · market cap 7.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rich Bedding Furniture ... Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Pharmacy Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Homosassa
    County
    Citrus
    State
    Florida
    Longitude
    -82.54956
    Latitude
    28.764409

    FAQs

    What type of property is this?
    Mixed-use property - Tenant-occupied property combines commercial space with a 3-bedroom residence and separate men’s and women’s restrooms.
    Where is this mixed-use property located?
    The property is located at 6991 W Cardinal Street Homosassa, FL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 4,636 SF commercial building on over 1 acre at the corner of W. Cardinal St. and S. Lewingar Dr.; Directly across from Walmart on W. Cardinal St.; average daily traffic count of 28,000 vehicles.; Includes a 3‑bedroom, 2‑bath residence connected to commercial space with separate men’s and women’s restrooms.
    More about this property
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