Self-Storage Facility with Laydown
For Sale
$899,900
6331 & 6275 S Tex Point, Homosassa, FL 34448
CommercialSale, Homosassa, FL
Property Size9,200 SF
Lot Size2.10 Acres
Price / SF$97.82
Days on Market200
Property Features for 6331 & 6275 S Tex Point
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IND
Parking
50
Parking features
RV
Subdivision
Rooks Bros. Industrial Park
Lot features
Acreage, Flat
Directions
US Hwy 19 to Industrial Lane to left on Tex Pt on Left.
Standard status
Active
APN
2451076
Lot size
2.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROOKS BROS INDUSTRIAL PARK UNREC SUB LOT 2-D DESC IN OR BK 1048 PG 1644
Tax Annual Amount
9883
Legal Description
ROOKS BROS INDUSTRIAL PARK UNREC SUB LOT 2-D DESC IN OR BK 1048 PG 1644
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Well
Building Details
Year built
1987
Floors in Building
1
Flooring type
Concrete
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
Century 21 J.W.Morton R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Elias Kirallah · License #3123414
(352) 400-2635
Added: Feb 3
Changed: Aug 19
Last Checked: Aug 22 at 10:06PM
MLS# 851895
Copyright © 2026 REALTORS Association of Citrus County, Inc. 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 one-story self-storage and warehouse property contains 70 mini-storage units totaling approximately 8,400 SF, along with an approximately 800 SF office/residential-style area. The improvements provide 9,200 SF of usable building area and include air conditioning, central heating, concrete flooring, and a metal roof. The facility was built in 1987 and includes a fully fenced 1.05-acre laydown and equipment-storage lot with an estimated 50 parking spaces.
The property occupies approximately 2.10 acres within Rooks Brothers Industrial Park in Homosassa, Florida. IND zoning places the site within the Heavy Industrial District and supports uses including storage, distribution, warehousing, manufacturing, automotive and heavy-truck repair and service, crematoriums, and shooting ranges; hazardous-material facilities may require conditional use permits. Water is supplied by a well and wastewater service is provided by a septic tank.
The property occupies approximately 2.10 acres within Rooks Brothers Industrial Park in Homosassa, Florida. IND zoning places the site within the Heavy Industrial District and supports uses including storage, distribution, warehousing, manufacturing, automotive and heavy-truck repair and service, crematoriums, and shooting ranges; hazardous-material facilities may require conditional use permits. Water is supplied by a well and wastewater service is provided by a septic tank.
Key Highlights
- 70 mini‑storage units totaling +/-8,400 SF
- Approximately 800 SF office/residential‑style building area
- 9,200 SF of usable building area
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
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,444 @ 7.0% cap · market cap 11.72%
Second Best
Self Storage
$1.12M
$977.6K – $1.30M
NOI $78,207 @ 7.0% cap · market cap 8.69%
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
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 - IND-zoned property combines storage units, office space, and a contained equipment-storage yard.
Where is this self storage facility located?
The property is located at 6331 & 6275 S Tex Point 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: 70 mini‑storage units totaling +/-8,400 SF; Approximately 800 SF office/residential‑style building area; 9,200 SF of usable building area
