Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6991 W Cardinal St Homosassa, FL 34446
    Back to Search
    Property profile & analytics

    6991 W Cardinal St, Homosassa, FL 34446

    View on Map
    • Retail space
    • 4,639 SF
    • 1.05 lot acres
    For Sale
    $975,000
    View Listing →
    Versatile Commercial Property Near Walmart For Sale
    $975,000
    4,636 SF

    Versatile Commercial Property Near Walmart

    Multi-use property with high visibility and traffic count.

    6991 W Cardinal Street, Homosassa, FL 34446
    View Listing
    Property ID
    US18-8946576
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rich Bedding Furniture Outlet / Furniture & Home Goods / Home Decor Store

    Property Details for 6991 W Cardinal St

    Year built
    1971
    Construction
    WOOD FRAME
    Lot size
    1.05 lot acres
    Zone code
    GNC GEN COMMERCIAL
    Property type
    Retail space
    APN
    18E-20S-06-0020-003.0
    APU
    18E20S0600200030

    Description

    This exceptional 4,639 square foot retail property is situated on over 1 acre of land at the corner of W Cardinal Street and S Lewdingar Dr in Homosassa, Florida. Its prime location directly across from a Walmart ensures high visibility and benefits from a daily traffic count of 28,000 vehicles. The property enjoys convenient access to US 19 and the Suncoast Parkway (3.4 miles away), making it an ideal location for a variety of businesses. The well-maintained building features a durable metal roof, a fully equipped kitchen, and four bathrooms, including two commercial-grade restrooms. Currently occupied by tenants, this versatile space is suitable for use as an office, retail outlet, showroom, gallery, or investment property. The property's location within an Interchange Management Area (IMA) further enhances its desirability. This is a rare opportunity to acquire a high-traffic, well-maintained commercial property in a thriving area. The asking price is $999,950. Please note that the current tenants should not be disturbed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Homosassa
    County
    Citrus
    State
    Florida
    Longitude
    -82.5496
    Latitude
    28.7644
    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
    $5,903
    $118,250
    $238,860
    $357,110
    -
    $118,250
    $238,860
    $357,110

    Comparable in this City

    • Value Estimation
      $1,015,000
      7,068 SF

      4135 Suncoast Blvd

      RETAIL STORES (PERSONAL SERVICES)
      4135 Suncoast Blvd, Homosassa, FL 34446-1104
      View Details
    • Value Estimation by Request
      1,680 SF

      6420 Suncoast Blvd

      RETAIL STORES (PERSONAL SERVICES)
      6420 Suncoast Blvd, Homosassa, FL 34446-3002
      View Details
    • Value Estimation by Request
      816 SF

      8015 Grover Cleveland Blvd

      RETAIL STORES (PERSONAL SERVICES)
      8015 Grover Cleveland Blvd, Homosassa, FL 34446-1114
      View Details
    • Value Estimation by Request
      4,750 SF

      6938 Grover Cleveland Blvd

      RETAIL STORES (PERSONAL SERVICES)
      6938 Grover Cleveland Blvd, Homosassa, FL 34446-1302
      View Details
    • Value Estimation by Request
      5,000 SF

      7120 Grover Cleveland Blvd

      RETAIL STORES (PERSONAL SERVICES)
      7120 Grover Cleveland Blvd, Homosassa, FL 34446-1303
      View Details
    • Value Estimation
      $800,000
      6,600 SF

      5175 Suncoast Blvd

      RETAIL STORES (PERSONAL SERVICES)
      5175 Suncoast Blvd, Homosassa, FL 34446-2003
      View Details

    Similar Nearby for Sale

    • $975,000
      4,636 SF

      Versatile Commercial Property Near Walmart

      Multi-use property with high visibility and traffic count.
      6991 W Cardinal St, Homosassa, FL 34446
      View Details
    • Contact for pricing

      Highway Frontage Retail Opportunity

      Two buildings on a high-traffic highway with remodeling.
      4980 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • Contact for pricing
      1,116 SF

      Prime Retail Location For Sale

      Retail space with excellent location and business potential.
      3983 S Ohio Ave, Homosassa, FL 34446
      View Details
    • $675,000
      4,172 SF

      Homosassa Commercial Buildings with Highway Frontage

      Two buildings on 0.92 acres with highway frontage.
      4828-4824 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • New
      $711,000
      4,260 SF

      Retail Center on US Highway 19

      Income-producing retail center on high-traffic commercial corridor.
      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

    Similar Nearby for Lease

    • 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
    • $36,000
      4,260 SF

      Retail Space on Suncoast Boulevard

      Retail space available for rent on Suncoast Boulevard.
      4065 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • $3,000 /Mo
      12,632 SF

      Retail/Office Space on US HWY 19

      2,400 SF retail or office space for lease.
      4065 S Suncoast 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
    • Contact for pricing
      2,400 SF

      Medical Office Space Available

      2400 sq ft commercial space, currently built out for medical.
      8281 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6991 W Cardinal St
    Homosassa, FL 34446
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6991 W Cardinal St, Homosassa, FL, 34446
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!