Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7 Lobelia Ct Homosassa, FL 34446

    • Commercial real estate
    For Sale
    View listing
    $209,400
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0675451
    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

    • Commercial real estate

    Property Details for 7 Lobelia Ct

    Property type
    Commercial real estate

    Description

    This exceptional offering presents a rare opportunity to acquire six scattered residential lots nestled within the desirable Sugarmill Woods community in Homosassa, Florida. Located at 7 Lobelia Ct, Citrus County, FL 34446 (28.711048, -82.528901), this package comprises six individual lots, each ideally suited for new home construction. Priced at $209,400 for the entire package, this represents an attractive value of $34,900 per lot. The lots are considered infill sites within the established Sugarmill Woods Oak Village, suggesting convenient access to existing infrastructure and community amenities. This presents a unique opportunity for builders, investors, or individuals seeking to develop multiple properties in a sought-after Florida location. The precise layout and dimensions of each individual lot would need to be verified through official county records. Buyers are encouraged to conduct their own due diligence to confirm all aspects of the property, including zoning regulations, building codes, and potential development restrictions. This package offers a compelling investment prospect in a thriving Florida community. Act quickly, as opportunities like this are seldom available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Homosassa
    County
    Citrus
    State
    Florida
    Longitude
    -82.528901
    Latitude
    28.711048

    Comparable in this City

    • $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
    • $2,100,000
      21.35 Acres

      21.35 Acres in Homosassa, FL

      21.35 acre assemblage suitable for luxury townhomes and commercial development.
      110 Cypress Cir, 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
    • Contact for pricing
      18.10 Acres

      Homosassa Commercial Land

      18 Acres, High-Traffic Corner, Mixed-Use
      6614 Suncoast Blvd, Homosassa, FL 34446
      View Details
    • $2,100,000

      Homosassa 21-Acre Development Land

      Prime location for luxury townhomes & commercial.
      110 Cypress Cir, Homosassa, FL 34446
      View Details
    • $399,900

      Homosassa Commercial & Residential Land

      6.87 Acres, Prime Location, High Potential
      10064 Suncoast Blvd, Homosassa, FL 34446
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Homosassa 21-Acre Development Land

      Prime location for luxury townhomes & commercial.
      110 Cypress Cir, Homosassa, FL 34446
      View Details
    • Contact for pricing
      18.10 Acres

      Homosassa Commercial Land

      18 Acres, High-Traffic Corner, Mixed-Use
      6614 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
    • $2,100,000
      21.35 Acres

      21.35 Acres in Homosassa, FL

      21.35 acre assemblage suitable for luxury townhomes and commercial development.
      110 Cypress Cir, 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
    • $399,900

      Homosassa Commercial & Residential Land

      6.87 Acres, Prime Location, High Potential
      10064 Suncoast Blvd, 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
    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.
    7 Lobelia Ct
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.