Homosassa Mini-Storage/Warehouse Facility For
For Sale
$899,900
6331 & 6275 S TEX Pt, Homosassa, FL 34448
9,200 SF mini-storage/warehouse facility in Rooks Brothers Industrial Park.
Property Size9,200 SF
Lot Size2.10 Acres
Price / SF$97.82
Days on Market105
Property Features for 6331 & 6275 S TEX Pt
General Information
Standard status
Active
Size
9,200 SF
Lot size
2.10 Acres
Property subtype
Industrial
Building Details
Year Built
1987
Listing Agency:
Century21 J.W. Morton Real Estate, Inc
(352) 400-2635
Listed By:
Elias Kirallah · License #3123414
(352) 400-2635
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 6 at 8:00AM
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 Century21 J.W. Morton Real Estate, Inc
Investment Insights
Based on property information with market context.
Located at 6331 S Tex Pt, Homosassa, FL 34448, this free-standing mini-storage/warehouse facility totals 9,200 square feet and is situated within the established Rooks Brothers Industrial Park. The property sits on a 2.10-acre parcel, offering a functional layout suitable for storage, flex, or warehouse operations. Constructed in 1987, the one-story building includes an air-conditioned warehouse component configured as 70 mini-storage units (approximately 8,400 square feet), along with an 800-square-foot office/residential-style building area. Site enhancements include a fully fenced 1.05-acre laydown and equipment storage lot with an estimated 50 parking spaces. The parcel is zoned IND within the Heavy Industrial District, allowing for various uses such as manufacturing, storage, distribution, crematorium, automotive/heavy truck repair and service, warehousing, and shooting range. The property is located within Citrus County, which is experiencing rapid growth and is part of the Tampa–St. Petersburg–Clearwater MSA. The $135 million Suncoast Parkway expansion and planned Phase 3 northern extension, located just north of the property, will provide direct one-hour access to Tampa International Airport and major employment hubs, enhancing regional connectivity, tourism, and commercial demand.
Key Highlights
- Prime free‑standing Mini‑Storage / Warehouse facility totaling 9,200 SF with 70 mini‑storage units.
- Boasts a ±2.10‑acre parcel with a fully fenced and contained 1.05‑acre laydown and equipment storage lot, and an estimated 50 parking spaces.
- Located within the established Rooks Brothers Industrial Park in Homosassa, FL.
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
$78,207
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
8.69%
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%
$1,564,140
$1.6M
Cap Rate 7%
$1,117,243
$1.1M
Cap Rate 9%
$868,967
$869.0K
Market Conditions
NOI Build-Up for 9,200 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
$121.4K $13.20/SF
− Vacancy
−$9.7K −$1.06/SF
EGI
$111.7K $12.14/SF
− OpEx
−$33.5K −$3.64/SF
NOI
$78.2K $8.50/SF
Area
Citrus County, FL
Vacancy
8.00%
Lease Rate
$13.20 /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%
$1,564,140
Cap Rate 7%
$1,117,243
Cap Rate 9%
$868,967
Alternative Uses
Best Use
Self Storage
$1.12M
$977.6K – $1.30M
NOI $78,207 @ 7.0% cap · market cap 8.69%
Second Best
Warehouse
$955.2K
$835.8K – $1.11M
NOI $66,861 @ 7.0% cap · market cap 7.43%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.41M
NOI $144,705 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - 9,200 SF mini-storage/warehouse facility in Rooks Brothers Industrial Park.
Where is this self storage facility located?
The property is located at 6331 & 6275 S TEX Pt Homosassa, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Prime free‑standing Mini‑Storage / Warehouse facility totaling 9,200 SF with 70 mini‑storage units.; Boasts a ±2.10‑acre parcel with a fully fenced and contained 1.05‑acre laydown and equipment storage lot, and an estimated 50 parking spaces.; Located within the established Rooks Brothers Industrial Park in Homosassa, FL.
