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Property profile & analytics

3902 Suncoast Blvd Homosassa, FL 34448

  • Strip malls
  • 97,134 SF
  • 10.41 lot acres
Value Estimation
$9,365,000
Last Sale
Feb 01, 2022
$10,500,000
Location Intelligence
Property ID
US18-3194069
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.

Current Use by Public Records

  • 00518 Springs Plaza / Food Store

Property Details for 3902 Suncoast Blvd

Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
10.41 lot acres
Property size
97,134 SF
Zone code
GNC GEN COMMERCIAL
Property type
Strip malls
Property subtype
Neighborhood centers
APN
17E-19S-22-0010-00100-001.0
APU
17E19S220010001000010

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $9,115,000
  • CAP approach

    CAP return
    Estimation
    6%
    $11,350,000
    6.5%
    $11,290,000
    7%
    $9,935,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $9,410,000
    Geo Method
    $9,845,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $9,915,000
    Retail
    $11,465,000
    Mixed-Use
    $10,025,000
    Hospitality
    $11,150,000
    Educational
    $11,740,000
    Residential Income
    $11,705,000
    Energy
    $12,725,000
    Income-Based Land
    $9,290,000
    Food Service
    $9,840,000

Location Insight

  • Map
  • Local Demand
City
Homosassa
County
Citrus
State
Florida
Longitude
-82.5782
Latitude
28.8047
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
$121,210
$1,651,780
$5,049,720
$6,701,500
-
$1,651,780
$5,049,720
$6,701,500
More about this property
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