Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8496 Grover Cleveland Blvd Homosassa, FL 34446
    Back to Search
    Property profile & analytics

    8496 Grover Cleveland Blvd, Homosassa, FL 34446

    View on Map
    • Specialty properties
    • 3,470 SF
    • 0.79 lot acres
    Off-Market
    Property ID
    US18-5010051
    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

    • Specialty properties

    Property Details for 8496 Grover Cleveland Blvd

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.79 lot acres
    Zone code
    GNC GEN COMMERCIAL
    Property type
    Specialty properties
    APN
    17E-19S-22-0010-00260-012.0
    APU
    17E19S220010002600120

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 13, 2012 — Dph Holdings LLC Hooper,ruth B Warranty Deed —
    Jun 13, 2012 — Dph Holdings LLC Hooper,ruth B Warranty Deed —

    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
    -82.5749
    Latitude
    28.8042
    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
    $7,616
    $131,600
    $281,470
    $413,070
    -
    $131,600
    $281,470
    $413,070

    Comparable in this City

    • Value Estimation
      $625,000
      14,250 SF

      7890 Grover Cleveland Blvd

      CHARITABLE ORGANIZATION
      7890 Grover Cleveland Blvd, Homosassa, FL 34446-1244
      View Details
    • Value Estimation by Request
      3,880 SF

      7162 Walden Woods Dr

      CHARITABLE ORGANIZATION
      7162 Walden Woods Dr, Homosassa, FL 34446-7002
      View Details
    • Value Estimation
      $500,000
      3,336 SF

      10261 New Hampshire Dr

      CHARITABLE ORGANIZATION
      10261 New Hampshire Dr, Homosassa, FL 34446
      View Details
    • Value Estimation by Request
      4,440 SF

      5635 Grn Acres St

      CREMATORIUM, MORTUARY
      5635 Grn Acres St, Homosassa, FL 34446-1800
      View Details
    • Value Estimation by Request
      7,700 SF

      5340 Grover Cleveland Blvd

      CHARITABLE ORGANIZATION
      5340 Grover Cleveland Blvd, Homosassa, FL 34446-1502
      View Details
    • Value Estimation by Request
      3,106 SF

      3975 Grover Cleveland Blvd

      CHARITABLE ORGANIZATION
      3975 Grover Cleveland Blvd, Homosassa, FL 34446-1627
      View Details

    Similar Nearby for Sale

    • $685,000
      Pending

      10 Acres in Economic Zone

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

      5.46 Acres Commercial Land Available

      5.46 acres of commercial land near major intersection.
      9115 S Suncoast Blvd, Homosassa, FL 34446
      View Details
    • Contact for pricing

      Prime Buildable Lot For Sale

      Exceptional investment opportunity in Citrus County with high growth potential.
      6719 S Georgian Rd, Homosassa, FL 34446
      View Details
    • Contact for pricing
      0.33 Acres

      Oversized Homesite in Sugarmill Woods

      0.33 acre cul-de-sac homesite in Sugarmill Woods Oak Village.
      11 Crossandra Ct W, Homosassa, FL 34446
      View Details
    • $42,900
      Pending

      Vacant Lot in Sugar Mill Woods

      Residential land in desirable Homosassa community near golf and recreation.
      12 Whitewood Ct, Homosassa, FL 34446
      View Details
    • $35,000
      0.30 Acres

      Vacant Land in Sugarmill Woods

      Vacant homesite in a tranquil, sought-after community with recreational opportunities.
      7 Drypetes Ct W, Homosassa, FL 34446
      View Details

    Similar Nearby for Lease

    • $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
      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
    • 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
    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.
    8496 Grover Cleveland Blvd
    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
    8496 Grover Cleveland Blvd, 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!