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Property profile & analytics
OFF-MARKET Estimated value $2,700,000
Drug stores

3959 Suncoast Blvd Homosassa, FL 34448-2604

14,364 SF 1.62 ac lot Built 2003
Individually Owned 1-yr Hold Free & Clear
Property ID
US18-9504650
Property summary
AI-generated overview

This exceptional 14,364 square-foot freestanding retail building presents a unique investment opportunity in Homosassa, Florida. Located on a 1.51-acre lot zoned GNC, this former CVS pharmacy enjoys a highly visible position at the signalized intersection of South Suncoast Boulevard and West Grover Cleveland Boulevard, boasting 278 feet of frontage on Suncoast Boulevard, a major commercial artery. The property benefits from exceptional visibility, situated directly across from a Publix supermarket and surrounded by a strong concentration of national and regional retailers including McDonald's, Winn-Dixie, Dollar Tree, Dollar General, Ace Hardware, RaceTrac, Walgreens, and Tractor Supply. Ample parking is provided with 89 spaces (6.16 per 1,000 square feet). The building features desirable attributes such as a 20+ foot clear height, a drive-thru, and benefits from over 30,000 vehicles per day (VPD) exposure. The initial estimated monthly rent is $23,342 (base rate) plus applicable sales tax. This property offers significant potential for a variety of retail uses and represents a compelling investment in a thriving commercial corridor. The location's high traffic counts and proximity to established businesses make it an ideal location for a variety of retail businesses. The substantial size and features of the building provide ample space and functionality for a wide range of potential tenants.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2003
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,364 SF
Lot 1.62 ac (70,480 SF)
Zoning code GNC GEN COMMERCIAL
APN 17E-19S-22-0010-00230-001.0
UPID US18-9504650
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
  • CDReload - Online Bitcoin ATM Crypto Atm Atm
  • Coinhub Bitcoin ATM Teller Atm
  • LibertyX Bitcoin ATM Atm
  • UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.13M
Comparable Approach Comparable
$3.35M
Blend (final) Blend
$2.70M
Owner & transaction history
Gsms 2015 Gs1 South Suncoast Blvd L · 1 yrs held
Gsms 2015 Gs1 South Suncoast Blvd L
since 2025
5 recorded transactions
2025
$1.5M
2015
$5.9M
2008
$6.0M
2005
$5.3M
1969
Price N/A
Zoning & alternative use
GNC GEN COMMERCIAL · Homosassa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.1M +104.9%
Medical building $3.0M +52.0%
Office building $3.0M +48.4%
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