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    General Commercial Land with Manufactured Building Title is generated by Realmo AI

    8144 W Grover Cleveland Boulevard, Homosassa, FL 34446

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    For Sale
    $215,000

    SINGLE_FAMILY - Homosassa, FL

    Type:Office
    Lot size:
    1.14 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 7:06 pm

    Property Features for 8144 W Grover Cleveland Boulevard

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    GNC
    Parking
    10
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    3357756
    Lot size
    1.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    UNIT 1 OF HOMOSASSA PB 1 PG 43 BEG AT THE NE COR OF LOT 4 BLK 62, TH S 89D 56M 14M W AL THE N BDRY OF SD LOT 4, SD N BDRY ALSO BEING THE S R/W LINE OF GROVER CLEVELAND BLVD, A DISTOF 142.98 FT, TH S 0D 06M 32S W 178.25 FT, TH S 57D 18M 46SW 35.71 FT, TH S 89D 53M 37S W 126.73 FT TO A PT ON THE C/LOF VACATED MINNESOTA TERR (RES #78-32 OR BK 505 PG 171), THS 0D 03M 31S E AL THE C/L A DIST OF 47.50 FT TO A PT ON A WLY PROJECTION OF THE S BDRY OF BLK 62 AS SHOWN ON SD PLAT,TH N 89D 56M 29S E AL SD W PROJECTION AND AL SD S BDRY OF BLK 62 A DIST OF 300.06 FT TO THE SE COR OF LOT 1 BLK 62, AS SHOWN ON SD PLAT, TH N AL THE E BDRY OF SD BLK 62 A DIST OF 245.12 FT TO THE POB (42845 SF) TITLE IN OR BK 2063 PG 733 ORBK 2358 PG 1700
    Tax Annual Amount
    2406

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    Building Details

    Year built
    1968
    Floors in Building
    1
    Flooring type
    Unfinished
    Building materials
    Manufactured, VinylSiding
    Roof type
    Asphalt, Shingle

    We can help!

    Listing Contact
    Bruce Brunk
    Bruce Brunk

    Listing agent Bruce Brunk License #3138787

    Listing office Keller Williams Realty - Elite Partners II 711 S Adolph Pt, Lecanto, FL

    Listing date Jun 4, 2026

    MLS# 855275

    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.

    HighLights

    • 1.14‑acre commercial property with approximately 142 ft of road frontage on a heavily traveled corridor
    • General Commercial (GNC) zoning, offering flexibility for a wide range of business uses
    • Manufactured building with vinyl siding; year built 1968
    • Utilities in place with public water and a septic tank
    • Partial chain‑link fencing and a parking lot with an estimated 10 spaces at the front
    • Asphalt shingle roof and unfinished interior flooring

    Overview

    This 1.14-acre commercial property includes a manufactured building and GNC (General Commercial) zoning. The site has partial chain-link fencing, and parking is provided at the front with an estimated 10 spaces. Public water and septic are already in place, which may support redevelopment or replacement of the existing structure. The property’s configuration offers a practical base for businesses looking to operate on-site while planning future improvements.

    Located at 8144 W Grover Cleveland Boulevard in Homosassa, the property offers approximately 142 feet of road frontage on a heavily traveled corridor. The listing notes the site is less than a mile from US-19 and close to the Suncoast Parkway, which can support convenient regional access.

    Given the combination of GNC zoning, existing utilities, and substantial frontage, this land-and-building site may fit a range of commercial users or developers looking for a manageable footprint to establish or reposition a business. The current improvements provide an option to renovate or repurpose, while the open acreage can allow room to plan site changes consistent with the intended use under GNC zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    We Care Auto Car Rental Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Homosassa
    County
    Citrus
    State
    Florida
    Longitude
    -82.569165
    Latitude
    28.803215

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    FAQs

    What type of property is this?
    Office units - 1.14-acre GNC-zoned site with a manufactured building, about 142 feet of road frontage, and public water/septic.
    Where is this office units located?
    The property is located at 8144 W Grover Cleveland Boulevard Homosassa, FL.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: 1.14‑acre commercial property with approximately 142 ft of road frontage on a heavily traveled corridor; General Commercial (GNC) zoning, offering flexibility for a wide range of business uses; Manufactured building with vinyl siding; year built 1968
    (352) 228-7744
    We can help!
    Listing Contact
    Bruce Brunk
    Bruce Brunk
    Real Estate License ID: 3138787
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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