Fenced Flex
7068 W Grover Cleveland Boulevard, Homosassa, FL 34446
For Sale
New
$469,000
Office and shop areas are joined by a separate garage, a storage shed, and enclosed grounds.
Property Size2,400 SF
Lot Size0.40 Acres
Price / SF$195.42
Days on Market3
Property Features for 7068 W Grover Cleveland Boulevard
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Fenced Yard
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
NATURE COAST REAL ESTATE
Listed By:
Peter Reynolds · License FL #275512792
(352) 699-5667
Source:
Sarasotahomesfinder
Added: Nov 10
Last Checked: Nov 12 at 4:39AM
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 NATURE COAST REAL ESTATE
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Investment Insights
Based on property information with market context.
This 2,400-square-foot flex property combines office space with a shop/work area. A separate two-car garage and an additional storage shed provide further enclosed storage. The approximately 0.40-acre parcel is secured by a six-foot fence. The building dates to 1974 and has a metal roof installed in 2007 and updated insulation from 2008. Two HVAC units were replaced approximately 7–9 years ago and are regularly maintained; the septic system is also regularly maintained.
Located at 7068 W Grover Cleveland Boulevard in Homosassa, the property has approximately 110 feet of frontage and sits near U.S. Highway 19.
Located at 7068 W Grover Cleveland Boulevard in Homosassa, the property has approximately 110 feet of frontage and sits near U.S. Highway 19.
Key Highlights
- 2,400‑square‑foot building with office and shop/work areas
- Approximately 110 feet of frontage on W Grover Cleveland Boulevard near U.S. Highway 19
- Approximately 0.40 acres enclosed by a six‑foot security fence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,507
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,140
$550.1K
Cap Rate 7%
$392,957
$393.0K
Cap Rate 9%
$305,633
$305.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$45.5K $18.96/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$42.3K $17.63/SF
− OpEx
−$14.8K −$6.17/SF
NOI
$27.5K $11.46/SF
Area
Citrus County, FL
Vacancy
7.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,140
Cap Rate 7%
$392,957
Cap Rate 9%
$305,633
Alternative Uses
Best Use
Flex RnD
$393.0K
$343.8K – $458.5K
NOI $27,507 @ 7.0% cap · market cap 5.87%
Second Best
Industrial
$225.9K
$197.7K – $263.5K
NOI $15,812 @ 7.0% cap · market cap 3.37%
Theoretical Best
Specialty Retail
$539.3K
$471.9K – $629.2K
NOI $37,749 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34446, FL
18,431
Population
9,588
Households
1.9
Avg Household Size
62
Median Age
18%
College-Educated
89%
High-School Grad
29.8 sq mi
ZIP Area
618
Density / Sq Mi
$60,625
Median Household Income
$41,423
Median Earnings
$938
Median Rent
$231,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Citrus County, FL
Properties on Market for Flex space in Citrus County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and shop areas are joined by a separate garage, a storage shed, and enclosed grounds.
Where is this flex space located?
The property is located at 7068 W Grover Cleveland Boulevard Homosassa, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 2,400‑square‑foot building with office and shop/work areas; Approximately 110 feet of frontage on W Grover Cleveland Boulevard near U.S. Highway 19; Approximately 0.40 acres enclosed by a six‑foot security fence
