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    1 Vlg Ctr Cir Homosassa, FL 34446-5612
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    1 Vlg Ctr Cir Homosassa, FL 34446-5612

    View on Map
    • Individual retail properties
    • 1,714 SF
    • 7.58 lot acres
    Off-Market
    Last Sale Jul 14, 2022
    $120,000
    Property ID
    US18-4695426
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oak Village Tennis Courts / Sports Field & Court / Sports School
    • Oak Village Pickleball Court / Sports Field & Court
    • Oak Village Bath & Tennis Club / Gym & Fitness Center

    Property Details for 1 Vlg Ctr Cir

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.58 lot acres
    Property size
    1,714 SF
    Zone code
    PDR PLANNED DEVELOPMENT(S
    Property type
    Individual retail properties
    APN
    18E-20S-13-0020-0XB.1
    APU
    18E20S1300200XB1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Homosassa
    County
    Citrus
    State
    Florida
    Longitude
    -82.529
    Latitude
    28.7159
    CBSA code
    26140
    CBSA name
    HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,008
    $41,690
    $256,919
    $298,609
    -
    $41,690
    $256,919
    $298,609

    Comparable in this City

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      $4,990,000
      39,936 SF

      9525 Suncoast Blvd

      GROCERY, SUPERMARKET • 39,936 SF
      9525 Suncoast Blvd, Homosassa, FL 34446-5034
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    • Value Estimation
      $1,550,000
      3,108 SF

      4650 Suncoast Blvd

      FINANCIAL BUILDING • 3,108 SF
      4650 Suncoast Blvd, Homosassa, FL 34446-1763
      View Details
    • Value Estimation
      $5,135,000
      3,150 SF

      9405 Suncoast Blvd

      CONVENIENCE STORE • 3,150 SF
      9405 Suncoast Blvd, Homosassa, FL 34446-5033
      View Details
    • Value Estimation
      $1,520,000
      2,100 SF

      9331 Suncoast Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      9331 Suncoast Blvd, Homosassa, FL 34446-5142
      View Details
    • Value Estimation
      $880,000
      7,500 SF

      6715 Grover Cleveland Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,500 SF
      6715 Grover Cleveland Blvd, Homosassa, FL 34446-1306
      View Details
    • Value Estimation by Request
      2,100 SF

      7470 Grover Cleveland Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      7470 Grover Cleveland Blvd, Homosassa, FL 34446-1240
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Homosassa, FL

      Retail space available in Homosassa, Florida with excellent visibility.
      9525 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • Contact for pricing

      US-19 Homosassa Retail Outparcel

      High-visibility retail land, ideal for QSR.
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    • $975,000
      4,636 SF

      Versatile Commercial Property Near Walmart

      Multi-use property with high visibility and traffic count.
      6991 W Cardinal St, Homosassa, FL 34446
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    • $999,950
      4,639 SF

      High-Visibility Retail Space in Homosassa

      Prime location, high traffic, 4,639 sq ft
      6991 Cardinal St, Homosassa, FL 34446
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    • Contact for pricing
      1,116 SF

      Prime Retail Location For Sale

      Retail space with excellent location and business potential.
      3983 S Ohio Ave, Homosassa, FL 34446
      View Details
    • $10,550,000
      37.79 Acres

      Homosassa Land Investment Opportunity

      37.79 acre commercial and multi-family land for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      1,384 SF

      Retail Space in Homosassa, FL

      Retail space with high traffic counts and easy highway access.
      9429-9481 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • $36,000
      4,260 SF

      Retail Space on Suncoast Boulevard

      Retail space available for rent on Suncoast Boulevard.
      4065 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • Contact for pricing
      99,752 SF

      US Hwy 19 Commercial Outparcels

      Prime Retail & Medical Space Available
      0 Us-19, Homosassa, FL 34446
      View Details
    • New
      $3,000 /Mo
      12,632 SF

      Retail/Office Space on US HWY 19

      2,400 SF retail or office space for lease.
      4065 S Suncoast Blvd, Homosassa, FL 34446
      View Details
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    Homosassa, FL 34446-5612
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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.

    More about this property
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