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Property profile & analytics
OFF-MARKET
Estimated value
$15,005,000
Drug stores
7140 Cardinal St Homosassa, FL 34446
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-1893236
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
124,261 SF
Lot
17.67 ac (769,705 SF)
Zoning code
GNC GEN COMMERCIAL
APN
17E-20S-12-12120-001.2
UPID
US18-1893236
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.37M
Comparable Approach
Comparable
$15.26M
Blend (final)
Blend
$15.01M
Owner & transaction history
Wal-mart Stores East LP · 16 yrs held
Wal-mart Stores East LP
since 2010
2 recorded transactions
Zoning & alternative use
GNC GEN COMMERCIAL · Homosassa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$20.8M
+20.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,895,000
6.5%
$18,365,000
7%
$17,055,000
Alternative Use
Use
Estimation
RETAIL STORES
$17,255,000
Current use
COMMERCIAL (GENERAL)
$20,795,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,490,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$15.01M
Range $13.50M – $16.51M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$121 / 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
$193,549
Tax year 2023
Assessed value
$11,851,520
Assessed 2023
Previous assessed
$11,555,980
+2.6% YoY
Effective rate
1.63%
On assessed value
Assessed land
$2,438,040
Assessed improvement
$9,413,480
Land market value
$2,438,040
Improvement market value
$9,413,480
Total market value
$11,851,520
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
6
Total area
124,261 SF
Lot
17.67 ac (769,705 SF)
Zoning code
GNC GEN COMMERCIAL
APN
17E-20S-12-12120-001.2
UPID
US18-1893236
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$17.3M
COMMERCIAL (GENERAL)
Est. value
$20.8M
AUTO REPAIR, GARAGE
Est. value
$15.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
6
Lot
17.67 ac
Current owner
From public records · entity-resolved
Wal-mart Stores East LP
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2010
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
Mar 3, 2010
$3,250,000
Wal-mart Stores East LP
Huntley,hardy H
Warranty Deed
—
Sep 30, 2002
$1,100,000
William S Krysher
—
Grant Deed
related
—
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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