3475 Suncoast Blvd, Unit 5 Homosassa, FL 34448-2322
- Medical offices
- 6,230 SF
- 1.04 lot acres
Current Use by Public Records
- Iyer Hari V MD / Surgeon
- Seneriz Manuel MD / Doctor
- Desautel Michael G MD / Doctor
- TGMG Homosassa / Surgical Center
- Parth Patel, M.D. / Surgeon
Property Details for 3475 Suncoast Blvd
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.04 lot acres
- Property size
- 6,230 SF
- Zone code
- GNC GEN COMMERCIAL
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 17E-19S-22-0050-02300-003.0
- APU
- 17E19S220050023000030
Description
This 6,230 sq ft medical office building in Homosassa, FL, is situated on a 1.04-acre lot with 165 feet of frontage on US 19, boasting a daily traffic count of 28,000 (AADT). The property features 25 dedicated parking spaces plus 16 overflow spaces. Built of concrete block with stucco exterior, this freestanding facility has undergone significant improvements in the last decade. The interior comprises a waiting area, reception area, four restrooms, seven exam rooms with sinks, five private offices, a storage/file room, a lab room, a surgery room, and nurse stations. Currently occupied by Tampa General Hospital under an NNN lease securing income through 2028 with renewal potential, this presents a strong investment opportunity. The location benefits from proximity to major retailers like Publix and Winn-Dixie, and serves a patient population of approximately 31,734 within a 5-mile radius, with annual healthcare expenditures exceeding $75 million. The average age of this population is 55.6. Conveniently located near Floral City, Hernando, Beverly Hills, Lecanto, and Crystal River (15-25 minute drives), the property enjoys excellent access to Tampa International Airport (74.7 miles, approximately 1 hour 6 minutes) via the recently expanded US 19 and the Suncoast Parkway (SR 589) extension. This property is located in Citrus County, part of the Tampa-St. Petersburg MSA, the 18th largest in the U.S., experiencing significant growth (1.29% annually) with over 60,000 vacant parcels available for development and ongoing infrastructure improvements. The recent six-lane expansion of US 19 and the extension of the Suncoast Parkway further enhance accessibility and future growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,370,000
- 6.5%
- $1,265,000
- 7%
- $1,385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,465,000
- Geo Method
- $1,265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,155,000
- Retail
- $1,585,000
- Mixed-Use
- $1,275,000
- Hospitality
- $1,195,000
- Educational
- $1,355,000
- Residential Income
- $1,470,000
- Energy
- $1,480,000
- Income-Based Land
- $1,460,000
- Food Service
- $1,415,000
Location Insight
- Map
- Local Demand
- City
- Homosassa
- County
- Citrus
- State
- Florida
- Longitude
- -82.5758
- Latitude
- 28.8114
- CBSA code
- 26140
- CBSA name
- HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
