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    Property profile & analytics
    OFF-MARKET Estimated value $1,250,000
    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
    $1.25M
    Owner & transaction history
    P G Desai · 4 yrs held
    P G Desai
    since 2021
    Last sale
    $1.3M
    3 recorded transactions
    2021
    2021
    $1.3M
    1969
    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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