Refreshed Retail
For Sale
$527,000
4950 S Suncoast Boulevard, Homosassa, FL 34446
Updated commercial property with GNC zoning, new building systems, and direct placement along S Suncoast Blvd.
Property Size4,544 SF
Price / SF$115.98
Days on Market60
Property Features for 4950 S Suncoast Boulevard
General Information
Standard status
Active
Size
4,544 SF
Zoning
GNC
Building Details
Year Built
1983
Listing Agency:
PLANTATION REALTY, INC.
Listed By:
Lisa VanDeBoe · License #313915
(352) 634-0129
Source:
Livewelltampabay
Added: Aug 26
Changed: Oct 3
Last Checked: Oct 7 at 2:40PM
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 PLANTATION REALTY, INC.
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Investment Insights
Based on property information with market context.
This retail property at 4950 S Suncoast Blvd was built in 1983 and has undergone extensive interior and exterior improvements. Work includes updated electrical and plumbing, new drywall and paint, new awnings, and four ductless mini-split systems. The property is zoned GNC (General Commercial), with potential applications identified for fitness, daycare, salon or spa, boutique retail, and professional services.
The building sits directly on Hwy 19/S Suncoast Blvd and next to the Withlacoochee State Forest. Its location provides a commercial setting along one of Citrus County’s main transportation corridors, while the adjacent forest creates a distinctive surrounding context. The property is car-dependent, with a Walk Score of 0 and a Bike Score of 28.
The building sits directly on Hwy 19/S Suncoast Blvd and next to the Withlacoochee State Forest. Its location provides a commercial setting along one of Citrus County’s main transportation corridors, while the adjacent forest creates a distinctive surrounding context. The property is car-dependent, with a Walk Score of 0 and a Bike Score of 28.
Key Highlights
- GNC (General Commercial) zoning
- Four ductless mini‑split systems
- Updated electrical and plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,656
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,120
$873.1K
Cap Rate 7%
$623,657
$623.7K
Cap Rate 9%
$485,067
$485.1K
Market Conditions
NOI Build-Up for 4,544 SF
Gross rent
$68.2K $15.00/SF
− Vacancy
−$5.8K −$1.28/SF
EGI
$62.4K $13.73/SF
− OpEx
−$18.7K −$4.12/SF
NOI
$43.7K $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%
$873,120
Cap Rate 7%
$623,657
Cap Rate 9%
$485,067
Alternative Uses
Best Use
Retail
$623.7K
$545.7K – $727.6K
NOI $43,656 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.02M
$893.4K – $1.19M
NOI $71,472 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Truist
Shops & Services
3,072 visits/mo
0.4 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Updated commercial property with GNC zoning, new building systems, and direct placement along S Suncoast Blvd.
Where is this retail space located?
The property is located at 4950 S Suncoast Boulevard Homosassa, FL.
What is the asking price?
The asking price for this property is $527,000.
What are key features of this property?
This property features: GNC (General Commercial) zoning; Four ductless mini‑split systems; Updated electrical and plumbing
