You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Strip malls

3902 S Suncoast Blvd Homosassa, FL 34448

97,134 SF 10.41 ac lot Built 1986
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-3194069
Property summary
AI-generated overview

Springs Plaza, a Class A retail center in Homosassa, Florida, offers 96,647 square feet of leasable space on 10.42 acres. Built in 1986 and renovated in 1995, this single-story building boasts 18 suites, with a minimum divisible space of 1,050 square feet and a maximum contiguous space of 16,000 square feet. Currently, 14,000 square feet is available for lease. The property features 461 parking spaces and is strategically located at the signalized intersection of US 98 (Suncoast Boulevard) and Halls River Road, offering excellent visibility and accessibility. Key tenants include Publix (currently undergoing renovations), Aaron's, T-Mobile, H&R Block, State Farm, and Optical Outlet. The property also includes a highly desirable 0.86-acre outparcel along US 98, presenting a unique development opportunity. Its location in Citrus County, approximately 59 miles north of Tampa and 75 miles west of Orlando, benefits from a strong local market and a growing population. The property's power supply is 2240-480 volts, and it is zoned GNC. This prime retail location offers a compelling investment opportunity with significant upside potential. The property is 96% leased.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 97,134 SF
Lot 10.41 ac (453,677 SF)
Zoning code GNC GEN COMMERCIAL
APN 17E-19S-22-0010-00100-001.0
UPID US18-3194069
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
  • 00518 Springs Plaza Discount Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.78M
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.66M
Blend (final) Blend
$9.95M
Owner & transaction history
Rg Property Group Holdings LLC · 4 yrs held
Rg Property Group Holdings LLC
since 2022
Last sale
$10.5M
5 recorded transactions
2022
Price N/A
2022
$10.5M
2019
Price N/A
1996
Price N/A
1969
Price N/A
Zoning & alternative use
GNC GEN COMMERCIAL · Homosassa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $16.3M +74.8%
Retail stores $13.5M +45.1%
Auto repair, garage $12.1M +30.2%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message