Flex Space with Covered Garage Door
For Sale
$245,000
Pending
6950 W Homosassa Trail, Homosassa, FL 34448
SINGLE_FAMILY - Homosassa, FL
Property Size2,650 SF
Lot Size0.34 Acres
Days on Market47
Property Features for 6950 W Homosassa Trail
General Information
Property type
Residential
Property subtype
Retail
Zoning
GNC
Parking
10
Subdivision
Not on List
Lot features
Flat
Directions
From Hwy 44 Take Left On Homosassa Trail on West Side of Road.
Standard status
Pending
APN
1132894
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLA TER UNIT 10 OF HOMOSASSA PB 1 PG 51 LOT 3 BLK 325 SUBJ TO 30X30 EASM IN OR BK 1235 PG 1874
Tax Annual Amount
2454
Legal Description
VILLA TER UNIT 10 OF HOMOSASSA PB 1 PG 51 LOT 3 BLK 325 SUBJ TO 30X30 EASM IN OR BK 1235 PG 1874
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Well
Amenities
two bathrooms
recently replaced roof
200-amp breaker panel
36-inch door openings
two covered-over garage door openings
Building Details
Year built
1986
Floors in Building
1
Flooring type
Vinyl, Concrete
Building materials
Block, Concrete
Roof type
Shingle, Asphalt
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: Jun 16
Changed: Jul 31
Last Checked: Aug 1 at 5:06PM
MLS# 855480
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.
Flex space with a 2,650 SF concrete block building built in 1986, currently converted from former shop space into a dance studio. The interior is bifurcated into an approximately 720 SF reception/lobby area and approximately 1,930 SF of flex/shop space, with two bathrooms. The property has central air, vinyl and concrete flooring, and a recently replaced roof, plus a 200-amp breaker panel. Wall height varies by area, including approximately 7'11" in the lobby/reception space, approximately 9'2" in the left/south warehouse area, and approximately 8'6" in the right/north warehouse/dance floor area, with gable peak clearances of approximately 34" and approximately 13', respectively.
The building includes 36" door openings and two covered-over garage door openings that are approximately 8' high by 9' wide, creating a practical path to return the space to shop, service, automotive, contractor, warehouse, or other flex commercial use. It sits on 0.34 acres with approximately 100 feet of frontage on Homosassa Trail / CR 490 and carries approximately 8,600 AADT. Water source is well and sewer is a septic tank.
The property is located in Homosassa, Citrus County, Florida, approximately 4 miles south of SR 44 and 2 miles north of US Hwy 19 / S Suncoast Boulevard, supporting access to a service area across the Inverness, Lecanto, Crystal River, Beverly Hills, Citrus Springs, Homosassa, and broader Citrus County market.
The building includes 36" door openings and two covered-over garage door openings that are approximately 8' high by 9' wide, creating a practical path to return the space to shop, service, automotive, contractor, warehouse, or other flex commercial use. It sits on 0.34 acres with approximately 100 feet of frontage on Homosassa Trail / CR 490 and carries approximately 8,600 AADT. Water source is well and sewer is a septic tank.
The property is located in Homosassa, Citrus County, Florida, approximately 4 miles south of SR 44 and 2 miles north of US Hwy 19 / S Suncoast Boulevard, supporting access to a service area across the Inverness, Lecanto, Crystal River, Beverly Hills, Citrus Springs, Homosassa, and broader Citrus County market.
Key Highlights
- 2,650 SF concrete block flex building built in 1986 with central air
- Approximately 720 SF reception/lobby and approximately 1,930 SF flex/shop area with two bathrooms
- Recently replaced roof plus 200‑amp breaker panel
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.9k | $9.00 |
| − Vacancy | −$1.2k | −$0.45 |
| EGI | $22.7k | $8.55 |
| − OpEx | −$3.4k | −$1.28 |
| NOI | $19.3k | $7.27 |
2,650 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$433.9K
$379.7K – $506.2K
NOI $30,372 @ 7.0% cap · market cap 12.40%
Second Best
Retail
$363.7K
$318.3K – $424.3K
NOI $25,460 @ 7.0% cap · market cap 10.39%
Theoretical Best
Specialty Retail
$595.4K
$521.0K – $694.7K
NOI $41,681 @ 7.0% cap · market cap 17.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8,600 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Balanced
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Flex space - Concrete block flex space on GNC General Commercial zoning with central air, well water, septic, and covered garage door openings.
Where is this flex space located?
The property is located at 6950 W Homosassa Trail Homosassa, FL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,650 SF concrete block flex building built in 1986 with central air; Approximately 720 SF reception/lobby and approximately 1,930 SF flex/shop area with two bathrooms; Recently replaced roof plus 200‑amp breaker panel
