Concrete Block Flex
For Sale
$245,000
Pending
6950 W Homosassa Trail, Homosassa, FL 34448
CommercialSale, Homosassa, FL
Property Size2,650 SF
Lot Size0.34 Acres
Days on Market93
Property Features for 6950 W Homosassa Trail
General Information
Property type
Commercial Sale
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
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: Sep 14
Last Checked: Sep 16 at 11:06AM
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.
This 2,650-square-foot concrete block flex property includes an approximately 720-square-foot reception and lobby area plus approximately 1,930 square feet of shop or flex space. The building has two bathrooms, central air, vinyl and concrete flooring, a recently replaced shingle and asphalt roof, and a 200-amp breaker panel. Interior heights vary by area, with practical clearance in the former shop and studio sections. Two covered-over garage openings measure approximately 8 feet high by 9 feet wide, and the building also has 36-inch door openings.
The property occupies 0.34 acres of GNC-zoned land with approximately 100 feet of frontage on Homosassa Trail / CR 490. Traffic counts are approximately 8,600 AADT. It is approximately 4 miles south of SR 44 and 2 miles north of US Hwy 19 / S Suncoast Boulevard, with access to Homosassa and other Citrus County communities. Well and septic service the property, which was built in 1986.
The property occupies 0.34 acres of GNC-zoned land with approximately 100 feet of frontage on Homosassa Trail / CR 490. Traffic counts are approximately 8,600 AADT. It is approximately 4 miles south of SR 44 and 2 miles north of US Hwy 19 / S Suncoast Boulevard, with access to Homosassa and other Citrus County communities. Well and septic service the property, which was built in 1986.
Key Highlights
- 2,650 SF concrete block building with approximately 720 SF reception and 1,930 SF flex/shop space
- 0.34‑acre GNC‑zoned property with approximately 100 feet of frontage on Homosassa Trail / CR 490
- Approximately 8,600 AADT traffic count on Homosassa Trail / CR 490
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
$19,259
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
7.86%
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%
$385,180
$385.2K
Cap Rate 7%
$275,129
$275.1K
Cap Rate 9%
$213,989
$214.0K
Market Conditions
NOI Build-Up for 2,650 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
$23.9K $9.00/SF
− Vacancy
−$1.2K −$0.45/SF
EGI
$22.7K $8.55/SF
− OpEx
−$3.4K −$1.28/SF
NOI
$19.3K $7.27/SF
Area
Citrus County, FL
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$385,180
Cap Rate 7%
$275,129
Cap Rate 9%
$213,989
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Owner-user commercial building with adaptable reception and shop areas for service, automotive, contractor, or warehouse operations.
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 building with approximately 720 SF reception and 1,930 SF flex/shop space; 0.34‑acre GNC‑zoned property with approximately 100 feet of frontage on Homosassa Trail / CR 490; Approximately 8,600 AADT traffic count on Homosassa Trail / CR 490
