Mixed-Use Retail and
6991 W Cardinal St Homosassa, FL 34446
New
For Sale
Contact for pricing
Versatile building with connected residence and commercial space plus separate restrooms and parking for more than 20 vehicles.
Property Size4,636 SF
Lot Size1.00 Acre
Price / SF$210.31
Days on Market7
Property Features for 6991 W Cardinal St
General Information
Standard status
Active
Size
4,636 SF
Lot size
1.00 Acre
Property subtype
OFFICE
Listing Agency:
Century 21 J.W. Morton Real Estate, Inc.
(352) 586-3666
Listed By:
Thao Le · License #3390499
(352) 586-3666
Source:
Moodyscre
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 28 at 1:22PM
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 mixed-use commercial property includes a 3-bedroom, 2-bath residence connected to commercial space, with separate men's and women's commercial restrooms. The building is covered by a durable metal roof and is currently tenant-occupied.
The property is positioned directly across from Walmart on W. Cardinal St. at the corner of W. Cardinal St. and S. Lewingar Dr., with access to US-19 and the Suncoast Parkway approximately 3.4 miles away within an Interchange Management Area.
The site includes more than 20 parking spaces and sits on over an acre of land, with a total building size of 4,636 square feet.
The property is positioned directly across from Walmart on W. Cardinal St. at the corner of W. Cardinal St. and S. Lewingar Dr., with access to US-19 and the Suncoast Parkway approximately 3.4 miles away within an Interchange Management Area.
The site includes more than 20 parking spaces and sits on over an acre of land, with a total building size of 4,636 square feet.
Key Highlights
- 4,636 sq. ft. multi‑use commercial building with a connected 3‑bedroom, 2‑bath residence
- Commercial space has separate men's and women's restrooms
- Over 1 acre lot with more than 20 parking spaces
Financial Insights For Office B
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 | $83.4k | $18.00 |
| − Vacancy | −$18.4k | −$3.96 |
| EGI | $65.1k | $14.04 |
| − OpEx | −$16.3k | −$3.51 |
| NOI | $48.8k | $10.53 |
4,636 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$697.4K
$610.2K – $813.6K
NOI $48,817 @ 7.0% cap · market cap 5.01%
Second Best
Retail
$636.3K
$556.8K – $742.3K
NOI $44,540 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$1.04M
$911.5K – $1.22M
NOI $72,919 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Versatile building with connected residence and commercial space plus separate restrooms and parking for more than 20 vehicles.
Where is this live-work space located?
The property is located at 6991 W Cardinal St Homosassa, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 4,636 sq. ft. multi‑use commercial building with a connected 3‑bedroom, 2‑bath residence; Commercial space has separate men's and women's restrooms; Over 1 acre lot with more than 20 parking spaces
