Freestanding Mini-Storage
For Sale
Contact for pricing
6331 S Tex Pt, Homosassa, FL 34448
A 9,200 SF one-story facility combining mini-storage units, an air-conditioned warehouse component, and office space on a fenced lot.
Property Size9,200 SF
Lot Size2.10 Acres
Price / SF$97.82
Days on Market15
Property Features for 6331 S Tex Pt
General Information
Standard status
Active
Size
9,200 SF
Total Parking Spaces
50
Lot size
2.10 Acres
Property subtype
INDUSTRIAL
Zoning
IND
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1987
Stories
1
Listing Agency:
CENTURY 21 J W Morton Real Estate, Inc.
(352) 400-2635
Listed By:
Elias George Kirallah · License #3123414
(352) 400-2635
Source:
Moodyscre
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 28 at 10:07AM
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 Real Estate, Inc.
Investment Insights
Based on property information with market context.
This freestanding mini-storage and warehouse facility totals 9,200 SF and is arranged as a one-story property with an air-conditioned warehouse component. The building is currently configured with approximately 70 mini-storage units totaling 8,400 SF, along with an 800 SF office/residential-style building area for on-site administration or additional space needs.
The property sits on a 2.10-acre parcel within the established Rooks Brothers Industrial Park. Site improvements include a fully fenced and contained 1.05-acre laydown and equipment storage lot, supported by an estimated 50 parking spaces.
The parcel is designated IND, highest intensity in the Heavy Industrial District, which allows for a broad range of potential uses. Potential uses stated in the remarks include storage and warehousing, distribution, and various industrial activities, with some uses possibly subject to conditional use permits.
The property sits on a 2.10-acre parcel within the established Rooks Brothers Industrial Park. Site improvements include a fully fenced and contained 1.05-acre laydown and equipment storage lot, supported by an estimated 50 parking spaces.
The parcel is designated IND, highest intensity in the Heavy Industrial District, which allows for a broad range of potential uses. Potential uses stated in the remarks include storage and warehousing, distribution, and various industrial activities, with some uses possibly subject to conditional use permits.
Key Highlights
- Free‑standing mini‑storage/warehouse facility totaling 9,200 SF at 6331 S Tex Pt, Homosassa, FL 34448
- Configured with 70 mini‑storage units (8,400 SF) plus an 800 SF office/residential‑style building area
- One‑story building originally built in 1987, including an air‑conditioned warehouse component
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
Current Use
Lease Details
Yes
Fenced yard
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - A 9,200 SF one-story facility combining mini-storage units, an air-conditioned warehouse component, and office space on a fenced lot.
Where is this self storage facility located?
The property is located at 6331 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: Free‑standing mini‑storage/warehouse facility totaling 9,200 SF at 6331 S Tex Pt, Homosassa, FL 34448; Configured with 70 mini‑storage units (8,400 SF) plus an 800 SF office/residential‑style building area; One‑story building originally built in 1987, including an air‑conditioned warehouse component
