Three-Unit Neighborhood Shopping
For Sale
$699,000
4065 S SUNCOAST BOULEVARD, Homosassa, FL 34446
GNC-zoned retail center with highway frontage, dedicated parking, and right-in/right-out access.
Property Size4,260 SF
Lot Size0.29 Acres
Price / SF$164.08
Days on Market254
Property Features for 4065 S SUNCOAST BOULEVARD
General Information
Standard status
Active
Size
4,260 SF
Total Parking Spaces
18
Lot size
0.29 Acres
Property subtype
Commercial
Zoning
GNC
Site & Location
Traffic Count
27,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,269
Building Details
Building Size
4,260 SF
Year Built
1954
Units
3
Tenancy
Multi
Listing Agency:
CENTURY 21 J.W.MORTON R.E.
(352) 400-2635
Listed By:
Elias Kirallah · License #3123414
(352) 400-2635
Source:
Mbifloridarealty
Added: Nov 25, 2025
Changed: Aug 6
Last Checked: Aug 6 at 12:29PM
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 CENTURY 21 J.W.MORTON R.E.
Investment Insights
Based on property information with market context.
This three-unit neighborhood shopping center contains 4,260 square feet across spaces measuring 2,400 SF, 930 SF, and 930 SF. The property occupies 0.29 acres and was built in 1954. Two units are occupied and one is vacant, providing a mix of existing tenancy and available space. The center includes 18 dedicated parking spaces and is zoned GNC.
Located at 4065 S Suncoast Boulevard, the property fronts US Highway 19 for 185 feet and has a right-in/right-out access point from South Suncoast Boulevard. It sits just south of the signalized Grover Cleveland Boulevard and Halls River Road intersection. Nearby commercial operators named in the property information include Publix, Walmart, Winn-Dixie, Tractor Supply, McDonald's, Wendy's, Taco Bell, and Burger King. The site also offers access to the Suncoast Parkway and is 55 miles from Tampa International Airport.
Located at 4065 S Suncoast Boulevard, the property fronts US Highway 19 for 185 feet and has a right-in/right-out access point from South Suncoast Boulevard. It sits just south of the signalized Grover Cleveland Boulevard and Halls River Road intersection. Nearby commercial operators named in the property information include Publix, Walmart, Winn-Dixie, Tractor Supply, McDonald's, Wendy's, Taco Bell, and Burger King. The site also offers access to the Suncoast Parkway and is 55 miles from Tampa International Airport.
Key Highlights
- 4,260 SF three‑unit retail center with 2,400 SF, 930 SF, and 930 SF spaces
- 0.29‑acre property with 185 feet of frontage on US Highway 19
- Two occupied units and one vacancy
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
$40,928
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
5.86%
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%
$818,560
$818.6K
Cap Rate 7%
$584,686
$584.7K
Cap Rate 9%
$454,756
$454.8K
Market Conditions
NOI Build-Up for 4,260 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
$63.9K $15.00/SF
− Vacancy
−$5.4K −$1.28/SF
EGI
$58.5K $13.73/SF
− OpEx
−$17.5K −$4.12/SF
NOI
$40.9K $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 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%
$818,560
Cap Rate 7%
$584,686
Cap Rate 9%
$454,756
Alternative Uses
Best Use
Retail
$584.7K
$511.6K – $682.1K
NOI $40,928 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$957.2K
$837.6K – $1.12M
NOI $67,005 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
27,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
81k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 67%
Shops & Services 33%
Walmart
Superstores
54,320 visits/mo
0.3 miles
7-Eleven
Shops & Services
13,817 visits/mo
0.3 miles
Circle K
Shops & Services
12,985 visits/mo
0.2 miles
Demographics for 34446, FL
18,431
Population
9,588
Households
1.9
Avg Household Size
62
Median Age
18%
College-Educated
89%
High-School Grad
29.8 sq mi
ZIP Area
618
Density / Sq Mi
$60,625
Median Household Income
$41,423
Median Earnings
$938
Median Rent
$231,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - GNC-zoned retail center with highway frontage, dedicated parking, and right-in/right-out access.
Where is this shopping center located?
The property is located at 4065 S SUNCOAST BOULEVARD Homosassa, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4,260 SF three‑unit retail center with 2,400 SF, 930 SF, and 930 SF spaces; 0.29‑acre property with 185 feet of frontage on US Highway 19; Two occupied units and one vacancy
