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Property profile & analytics
FOR SALE
Medical Office Space

3475 Suncoast Blvd 5 Homosassa, FL 34448-2322

6,230 SF 1.04 ac lot Built 1988
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-3519214
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,230 SF
Lot 1.04 ac (45,172 SF)
Zoning code GNC GEN COMMERCIAL
APN 17E-19S-22-0050-02300-003.0
UPID US18-3519214
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Iyer Hari V MD Physician
  • Seneriz Manuel MD Physician
  • Desautel Michael G MD Physician
  • TGMG Homosassa Medical Clinic Hospital
  • Parth Patel, M.D. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.26M
CAP Approach CAP
$1.34M
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$1.24M
Owner & transaction history
P G Desai · 4 yrs held
P G Desai
since 2021
Last sale
$1.3M
3 recorded transactions
2021
Price N/A
2021
$1.3M
1969
Price N/A
Zoning & alternative use
GNC GEN COMMERCIAL · Homosassa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.8M +34.8%
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