Wooded Duplex
For Sale
$249,000
1730 S PALM Avenue, Homosassa, FL 34448
Residential Income, HOMOSASSA, FL
Property Size2,704 SF
Lot Size1.94 Acres
Price / SF$92.09
Days on Market169
Property Features for 1730 S PALM Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
LDRMH
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2
Interior features
Thermostat
Exterior features
Private Mailbox
Subdivision
CRYSTAL ACRES FIRST ADD
Lot features
In County, Irregular Lot
Directions
From Crystal River take Hwy 19 S, TL W Dixieland St, TR S Palm Ave to 1st driveway. Do not go into 2nd driveway, that is private property.
Standard status
Active
APN
17E-19S-10-0210-00380-0090
Size
2,704 SF
Lot size
1.94 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CRYSTAL ACRES FIRST ADDITION PB 2 PG 153 LOT 9 & 10 BLK 38.
Tax Annual Amount
3317
Legal Description
CRYSTAL ACRES FIRST ADDITION PB 2 PG 153 LOT 9 & 10 BLK 38.
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Well
Building Details
Year built
1958
Floors in Building
1
Building materials
Frame
Roof type
Metal
Listing Agency:
HOMERUN REALTY
(352) 624-0935
Listed By:
Scott Archibald · License #3390073
(352) 857-9074
Added: Mar 23
Changed: Sep 5
Last Checked: Sep 7 at 9:06AM
MLS# OM721593
Copyright © 2026 Stellar MLS. 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 duplex property comprises a 2,704-square-foot frame residence on 1.94 wooded acres, along with a separate mobile home identified as having no contributory value. The primary residence was built in 1958 and requires repairs and updates. Improvements include central air, electric heating, a metal roof, and a thermostat. Water service is provided by a well, with wastewater handled by a septic tank.
The property is located in Homosassa, Florida, near Highway 19. LDRMH zoning applies to the parcel. Mature trees provide a wooded setting, while the highway offers access to nearby shopping, amenities, and travel routes.
The property is located in Homosassa, Florida, near Highway 19. LDRMH zoning applies to the parcel. Mature trees provide a wooded setting, while the highway offers access to nearby shopping, amenities, and travel routes.
Key Highlights
- 2,704‑square‑foot primary residence on 1.94 wooded acres
- Separate mobile home on the property with no contributory value
- Primary residence built in 1958 and requiring repairs and updates
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
$22,647
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
9.10%
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%
$452,940
$452.9K
Cap Rate 7%
$323,529
$323.5K
Cap Rate 9%
$251,633
$251.6K
Market Conditions
NOI Build-Up for 2,704 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
$43.8K $16.20/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$41.2K $15.23/SF
− OpEx
−$18.5K −$6.85/SF
NOI
$22.6K $8.38/SF
Area
Citrus County, FL
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$452,940
Cap Rate 7%
$323,529
Cap Rate 9%
$251,633
Alternative Uses
Best Use
Multifamily LT 5
$352.6K
$308.6K – $411.4K
NOI $24,684 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$323.5K
$283.1K – $377.5K
NOI $22,647 @ 7.0% cap · market cap 9.10%
Theoretical Best
Specialty Retail
$607.6K
$531.6K – $708.9K
NOI $42,531 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
101
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 Multifamily 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?
Duplex - Frame construction with a separate mobile home on a wooded residential parcel.
Where is this duplex located?
The property is located at 1730 S PALM Avenue Homosassa, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 2,704‑square‑foot primary residence on 1.94 wooded acres; Separate mobile home on the property with no contributory value; Primary residence built in 1958 and requiring repairs and updates
