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Property profile & analytics
FOR SALE
Warehouses

8787 S Suncoast Blvd Homosassa, FL 34446

6,000 SF 5.43 ac lot Built 2001
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-4972584
Property summary
AI-generated overview

This exceptional self-storage facility in Homosassa, Florida, presents a compelling investment opportunity. The property boasts 50,700 square feet under roof, situated on 5.43 acres of land. Seven buildings comprise the facility: three constructed in 2000 and four built between 2018 and 2023. The property includes 486 units, a mix of 175 non-climate-controlled, 190 climate-controlled units, and 121 uncovered RV/boat parking spaces. Currently operating at 95% occupancy, this stabilized investment offers a 6.24% cap rate and is priced at $9,100,000. The property features a perimeter fence, gated entry, and an on-site sales office, enhancing security and convenience. The location benefits from easy access to several boat launches, aligning perfectly with the area's recreational focus. The property's strong performance and prime location in a desirable Florida market make it an attractive acquisition for investors seeking a high-performing asset with potential for future growth. The property's gross lease type and multi-tenancy structure contribute to its stable income stream. The asking price per square foot is $179.49. The property's address is 8787 S Suncoast Blvd, Homosassa, FL 34446, with APN 17E20S240010 000D0 0260. The property is a single-story structure.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2001
Construction STEEL FRAME
Total area 6,000 SF
Lot 5.43 ac (236,444 SF)
Zoning code GNC GEN COMMERCIAL
APN 17E-20S-24-0010-000D0-026.0
UPID US18-4972584
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
Current use
Occupant on record · Public records
  • Homosassa Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$785k
Comparable Approach Comparable
$779k
Blend (final) Blend
$750k
Owner & transaction history
Gkg Storage INC · 12 yrs held
Gkg Storage INC
since 2013
7 recorded transactions
2020
Price N/A
2017
Price N/A
2016
Price N/A
2013
$70,000
2013
$52,500
2012
Price N/A
1997
$38,000
Zoning & alternative use
GNC GEN COMMERCIAL · Homosassa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.2M +126.5%
Commercial (general) $1.0M +83.9%
Retail stores $835,000 +52.7%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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