Flex Property with Two-Street
New
For Sale
$399,000
10510 W Central, Homosassa, FL 34448
A commercial building with surrounding grounds sits near the Homosassa River and local waterfront restaurants.
Property Size3,344 SF
Days on Market2
Property Features for 10510 W Central
General Information
Standard status
Active
Size
3,344 SF
Property subtype
Industrial
Additional Details
Road Access
Yes
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$3,406
Building Details
Building Size
3,344 SF
Year Built
1968
Buildings
1
Listing Agency:
Trotter Realty GMAC Real Estate
Listed By:
Tonya Kramer · License #3410925
(352) 302-2435
Source:
Elliman
Added: Nov 4
Last Checked: Nov 4 at 2:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trotter Realty GMAC Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1968 commercial property includes a versatile building and surrounding grounds. The site previously operated as Bunts Auto Electric and may suit a range of commercial uses, subject to applicable approvals.
The property has access from two streets and is near the Homosassa River, waterfront restaurants, and the Old Homosassa community.
The property has access from two streets and is near the Homosassa River, waterfront restaurants, and the Old Homosassa community.
Key Highlights
- Access from two streets
- Built in 1968
- Near the Homosassa River and waterfront restaurants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,127
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,540
$642.5K
Cap Rate 7%
$458,957
$459.0K
Cap Rate 9%
$356,967
$357.0K
Market Conditions
NOI Build-Up for 3,344 SF
Gross rent
$50.2K $15.00/SF
− Vacancy
−$4.3K −$1.28/SF
EGI
$45.9K $13.73/SF
− OpEx
−$13.8K −$4.12/SF
NOI
$32.1K $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 Rate 5%
$642,540
Cap Rate 7%
$458,957
Cap Rate 9%
$356,967
Alternative Uses
Best Use
Flex RnD
$547.5K
$479.1K – $638.8K
NOI $38,327 @ 7.0% cap · market cap 9.61%
Second Best
Retail
$459.0K
$401.6K – $535.5K
NOI $32,127 @ 7.0% cap · market cap 8.05%
Theoretical Best
Specialty Retail
$751.4K
$657.5K – $876.6K
NOI $52,597 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34448, FL
10,889
Population
6,437
Households
1.7
Avg Household Size
59
Median Age
18%
College-Educated
86%
High-School Grad
72.3 sq mi
ZIP Area
151
Density / Sq Mi
$47,526
Median Household Income
$23,452
Median Earnings
$941
Median Rent
$166,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A commercial building with surrounding grounds sits near the Homosassa River and local waterfront restaurants.
Where is this flex space located?
The property is located at 10510 W Central Homosassa, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Access from two streets; Built in 1968; Near the Homosassa River and waterfront restaurants
