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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6237 Suncoast Blvd Homosassa, FL 34446-3004

    • Strip malls
    • 3,200 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5255834
    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

    • Slaymaker & Nelson / Attorney
    • John A. Nelson / Attorney

    Property Details for 6237 Suncoast Blvd

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.11 lot acres
    Property size
    3,200 SF
    Zone code
    GNC GEN COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    17E-20S-12-0010-011.0
    APU
    17E20S1200100110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $265,000
      Market price range: $167k - $438k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $305,000
      Current use
      AUTO REPAIR, GARAGE
      $400,000
      Change: +30% Conversion: Difficult
      WAREHOUSE, STORAGE
      $290,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Homosassa
    County
    Citrus
    State
    Florida
    Longitude
    -82.552
    Latitude
    28.7716
    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
    $3,256
    $70,670
    $113,660
    $184,330
    -
    $70,670
    $113,660
    $184,330

    Comparable in this City

    • Value Estimation
      $560,000
      85,687 SF

      4500 Suncoast Blvd

      SHOPPING CENTER, STRIP CENTER • 85,687 SF
      4500 Suncoast Blvd, Homosassa, FL 34446-1103
      View Details
    • Value Estimation
      $290,000
      12,000 SF

      5709 Suncoast Blvd

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      5709 Suncoast Blvd, Homosassa, FL 34446
      View Details
    • Value Estimation
      $320,000
      18,296 SF

      5352 Suncoast Blvd

      SHOPPING CENTER, STRIP CENTER • 18,296 SF
      5352 Suncoast Blvd, Homosassa, FL 34446-2067
      View Details
    • Value Estimation
      $1,800,000
      2,928 SF

      7699 Suncoast Blvd

      SHOPPING CENTER, STRIP CENTER • 2,928 SF
      7699 Suncoast Blvd, Homosassa, FL 34446
      View Details
    • Value Estimation
      $1,925,000
      9,000 SF

      5486 Suncoast Blvd

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      5486 Suncoast Blvd, Homosassa, FL 34446-2063
      View Details
    • Value Estimation
      $280,000
      3,000 SF

      8467 Grover Cleveland Blvd

      SHOPPING CENTER, STRIP CENTER • 3,000 SF
      8467 Grover Cleveland Blvd, Homosassa, FL 34446-1118
      View Details

    Similar Nearby for Sale

    • $750,000
      0.29 Acres

      Income-Producing Retail Center For Sale

      Three-unit retail center on US Highway 19 in Homosassa, FL.
      4065 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • Contact for pricing

      Retail Space in Homosassa, FL

      Retail space available in Homosassa, Florida with excellent visibility.
      9525 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • $7,558,000
      37.79 Acres

      Homosassa Land Investment Opportunity

      37.79 acre commercial and multifamily land near new development.
      6945 W Ponce De Leon Blvd, Homosassa, FL 34446
      View Details
    • $8,532,000
      42.66 Acres

      Prime Land on Ponce De Leon

      42.66 acre commercial and multifamily development opportunity in Homosassa, Florida.
      6753 W Ponce De Leon Blvd, Homosassa, FL 34446
      View Details
    • $999,950
      4,639 SF

      Prime Corner Commercial in Homosassa

      High-traffic retail space, owner/user opportunity.
      6991 Cardinal St, Homosassa, FL 34446
      View Details
    • $685,000
      10.00 Acres

      10 Acres in Economic Zone

      10 acres in Economic Development Target Area with CMU designation.
      6877 S Peach Pt, Homosassa, FL 34446
      View Details

    Similar Nearby for Lease

    • $228 SF/Yr
      17,920 SF

      Servos Square Retail Spaces

      Prime retail spaces, high traffic area.
      5400 Suncoast Blvd, Homosassa, FL 34446
      View Details
    • Contact for pricing
      1,384 SF

      Retail Space in Homosassa, FL

      Retail space with high traffic counts and easy highway access.
      9429-9481 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • $23,940

      GNC Commercial Property with Office

      Commercial property with remodeled mobile home office and fenced yard.
      7127 W Grover Cleveland Blvd, Homosassa, FL 34446
      View Details
    • Contact for pricing
      99,752 SF

      US Hwy 19 Commercial Outparcels

      Prime Retail & Medical Space Available
      0 Us-19, Homosassa, FL 34446
      View Details
    • $3,200 /Mo
      12,632 SF

      Retail Space on US HWY 19

      2,400 SF retail space available for lease on US HWY 19.
      4065 S Suncoast Blvd, Homosassa, FL 34446
      View Details
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    Homosassa, FL 34446-3004
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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