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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Turn key restaurants
5297 Cherokee Way, Homosassa, FL 34448-4424
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2030036
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,906 SF
Lot
6.94 ac (302,263 SF)
Zoning code
GNC GEN COMMERCIAL
APN
17E-19S-32-0010-00010-005.0
UPID
US18-2030036
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
-
Flats Chance Charters Tour Operator Travel Agency
-
Florida Cracker Riverside Resort Hotel & Motel Resort
-
Monkey Island Adventures - Golf Cart Rentals Golf Cart Dealer
-
Homosassa Airboat Ventures (Bike/Boat/Book/etc) Store
-
Florida Cracker Kitchen at Riverside Resort Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
John D Selby · 21 yrs held
John D Selby
since 2004
2 recorded transactions
Zoning & alternative use
GNC GEN COMMERCIAL · Homosassa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Homosassa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Homosassa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$111 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$41,745
Tax year 2023
Assessed value
$2,419,850
Assessed 2023
Previous assessed
$2,312,930
+4.6% YoY
Effective rate
1.73%
On assessed value
Assessed land
$1,553,720
Assessed improvement
$866,130
Land market value
$1,553,720
Improvement market value
$866,130
Total market value
$2,419,850
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Units
1
Bathrooms
11
Total area
5,906 SF
Lot
6.94 ac (302,263 SF)
Zoning code
GNC GEN COMMERCIAL
APN
17E-19S-32-0010-00010-005.0
UPID
US18-2030036
Jurisdiction
CITRUS
Zoning & alternative use
GNC GEN COMMERCIAL · Homosassa, FL
Zoning GNC GEN COMMERCIAL · permitted uses
GNC GEN COMMERCIAL · Homosassa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Homosassa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Bathrooms
11
Lot
6.94 ac
Current owner
From public records · entity-resolved
John D Selby
Individual
Mailing address
31 S MAIN ST, BROOKSVILLE, FL 34601-2810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2004
$217,000
John D Selby
Riverside Villas Dev LLC
Warranty Deed
$162,750 · Amsouth Bank
Mar 15, 2004
$129,900
David Voss
Riverside LLC
Grant Deed
$103,920 · First National Bank Central Fl
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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