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    8281 S Suncoast Blvd Homosassa, FL 34446
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    Property profile & analytics

    8281 S Suncoast Blvd, Homosassa, FL 34446

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    • Office buildings
    • 11,737 SF
    • 2.92 lot acres
    For Lease
    $32,400 SF/Yr
    View Listing →
    Medical Office Space Available For Lease
    $32,400 SF/Yr
    2,400 SF

    Medical Office Space Available

    2400 sq ft commercial space, currently built out for medical.

    8281 S SUNCOAST BOULEVARD, Homosassa, FL 34446
    View Listing
    Property ID
    US19-0824416
    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
    $725,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lyndon Garcia, MD - Internal Medicine / Physician
    • The Center for Bone and Joint Disease / Physician
    • Dragomir Mijic / Physician
    • Homosassa Internal Medicine / Medical Clinic

    Property Details for 8281 S Suncoast Blvd

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.92 lot acres
    Zone code
    MDR MED DENSITY RESIDENT
    Property type
    Office buildings
    APN
    17E-20S-13-22100-002.0
    APU
    17E20S13221000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $735,000
      ML approach
      $680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $877,000
      Market price range: $735k - $2.22M

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

    Location Insight

    • Map
    • Local Demand
    City
    Homosassa
    County
    Citrus
    State
    Florida
    Longitude
    -82.5519
    Latitude
    28.7412
    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
    $17,410
    $110,750
    $944,490
    $1,055,240
    -
    $110,750
    $944,490
    $1,055,240

    Comparable in this City

    • Value Estimation by Request
      1,915 SF

      5730 Suncoast Blvd

      OFFICE BUILDING
      5730 Suncoast Blvd, Homosassa, FL 34446-2601
      View Details
    • Value Estimation
      $675,000
      7,412 SF

      8915 Suncoast Blvd

      OFFICE BUILDING
      8915 Suncoast Blvd, Homosassa, FL 34446-5031
      View Details
    • Value Estimation by Request
      1,648 SF

      6373 Suncoast Blvd

      OFFICE BUILDING
      6373 Suncoast Blvd, Homosassa, FL 34446-3005
      View Details
    • Value Estimation by Request
      900 SF

      6431 Suncoast Blvd

      OFFICE BUILDING
      6431 Suncoast Blvd, Homosassa, FL 34446-3005
      View Details
    • Value Estimation by Request
      1,152 SF

      5040 Oak Park Blvd

      OFFICE BUILDING
      5040 Oak Park Blvd, Homosassa, FL 34446-6802
      View Details
    • Value Estimation by Request
      2,800 SF

      5973 Suncoast Blvd, Unit 1

      OFFICE BUILDING
      5973 Suncoast Blvd, Homosassa, FL 34446-2607
      View Details

    Similar Nearby for Sale

    • $219,000
      Pending

      Stand Alone Business Building

      Business building on main road with newer roof and septic.
      7536 W Grover Cleveland Blvd, Homosassa, FL 34446
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    • $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
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    • $379,900
      1.36 Acres

      Commercial Land on U.S. Highway

      Commercial property with GNC zoning, existing utilities, and high traffic.
      6440 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • $999,950
      4,639 SF

      High-Visibility Retail Space in Homosassa

      Prime location, high traffic, 4,639 sq ft
      6991 Cardinal St, Homosassa, FL 34446
      View Details
    • Contact for pricing

      US-19 Homosassa Retail Outparcel

      High-visibility retail land, ideal for QSR.
      0 Us-19, Homosassa, FL 34446
      View Details
    • $115,000
      0.55 Acres

      Vacant Land in Homosassa, FL

      Vacant land zoned Rural on a corner lot.
      7179 W Merrivale Ln, Homosassa, FL 34446
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      99,752 SF

      US Hwy 19 Commercial Outparcels

      Prime Retail & Medical Space Available
      0 Us-19, Homosassa, FL 34446
      View Details
    • $3,000 /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
      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
    • $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
    • 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
    View Listing
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    Homosassa, FL 34446
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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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