Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    12298 W Marjoram Pl Crystal River, FL 34428

    Sponsored
    For Sale
    $62,500

    LAND - Crystal River, FL

    Lot size:
    2.33 Acres
    Days on Market:
    75
    Last Refresh:
    Feb 2 at 4:06 pm

    Property Features for 12298 W Marjoram Pl

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    CLR
    APN
    2100117
    Lot size
    2.33 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Christine Hogan
    Christine Hogan

    Epique Realty Inc (888) 893-3537

    Listing agent Christine Hogan (888) 893-3537 License #3491999

    Listing date Nov 20, 2025

    MLS# 850105

    Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Expansive Homesite in Crystal River

    This expansive 2.33-acre homesite is located in the desirable Crystal Manor subdivision. The property offers privacy, space, and community, providing room for a custom home, pool, garden, and other desired extras. The Nature Coast is known for its springs, rivers, and access to the Gulf of Mexico. Residents can enjoy outdoor activities such as kayaking, boating, fishing, and scalloping in Crystal River and Homosassa. Opportunities for wildlife encounters include swimming with manatees, birdwatching, and hiking. The area features local shops, seafood restaurants, and welcoming communities. The property's location near US-19 and Dunnellon Road provides access to Ocala, Tampa, and Orlando. The property is suitable for a modern estate or a country home and allows room for a pool, workshop, or RV/boat storage. It is situated in an established neighborhood with no HOA restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.640084
    Latitude
    28.986668

    Nearby Similar for Sale

    • $798,500
      2,848 SF

      Waterfront Multi-Family Home with Income Potential

      Riverfront property in Crystal River with multiple living spaces.
      421 NW 14Th Pl, Crystal River, FL 34428
      View Details
    • $2,850,000
      8,800 SF

      Waterfront Tourist Village Mixed-Use Portfolio

      Turn-key waterfront tourist village with restaurant, retail, and lodging potential.
      13982 W Ozello Trl, Crystal River, FL 34429
      View Details
    • New
      $2,600,000
      7,585 SF

      Freestanding Office Building on US 19

      Commercial property on US 19 with income potential and high visibility.
      268 S Suncoast Blvd, Crystal River, FL 34429
      View Details
    • $2,000,000
      2.53 Acres

      Crystal River Mixed-Use Investment Property

      2.53-acre commercial property with mixed-use zoning in Crystal River, FL.
      3438 N Citrus Ave, Crystal River, FL 34428
      View Details
    • $2,000,000
      11,580 SF

      Crystal River Mixed-Use Investment Opportunity

      2.53-acre mixed-use property with commercial units and residential home.
      3438 N Citrus Ave, Crystal River, FL 34428
      View Details
    • $899,000
      Pending

      Turnkey Mixed-Use Investment Property

      Rare, fully leased mixed-use property in downtown Crystal River.
      155 SE Us Highway 19, Crystal River, FL 34429
      View Details
    • $449,900
      0.32 Acres

      Remodeled Office Building in Crystal River

      Remodeled office building with five offices, conference room, and parking.
      154 SE 7Th Ave, Crystal River, FL 34429
      View Details
    • $1,900,000
      0.27 Acres

      Mixed-Use Investment Opportunity in Crystal River

      3.38 acres with income potential in high-traffic location.
      5985 W Gulf To Lake Hwy, Crystal River, FL 34429
      View Details
    • $399,900
      1,144 SF

      Mixed-Use Property in Crystal River

      Licensed bed and breakfast or single-family home in Crystal River.
      110 NE Crystal St, Crystal River, FL 34428
      View Details
    • $850,000
      4,599 SF

      Crystal River Retail Opportunity

      Commercial building on US-19 with flexible space and ample parking.
      4314 N Suncoast Blvd, Crystal River, FL 34428
      View Details
    • $1,180,000
      0.52 Acres

      Prime Restaurant Opportunity in Crystal River

      Former restaurant in Crystal River's Downtown Wet Area with parking.
      508 N Citrus Ave, Crystal River, FL 34428
      View Details
    • $195,000
      Pending

      Crystal River Professional Office Space

      Remodeled office space in a busy Crystal River commercial district.
      9030 W Fort Island Trl, Crystal River, FL 34429
      View Details

    FAQs

    What type of property is this?
    Land - 2.33-acre homesite in Crystal River's desirable Crystal Manor subdivision.
    Where is this land located?
    The property is located at 12298 W Marjoram Pl Crystal River, FL.
    What is the asking price?
    The asking price for this property is $62,500.
    What are key features of this property?
    This property features: - Expansive 2.33-acre homesite offers space for a custom home, pool, garden, workshop, or RV/boat storage.; - Located in Crystal Manor, a desirable subdivision on Florida's Nature Coast.; - Proximity to outdoor activities like kayaking, boating, fishing, scalloping, and manatee encounters in Crystal River and Homosassa.
    (352) 238-2279
    Request Owner's contact information
    12298 W Marjoram Pl Crystal River, FL 34428
    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.
    12298 W Marjoram Pl
    Crystal River, FL 34428
    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
    12298 W Marjoram Pl Crystal River, FL 34428
    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

    We can help!
    Listing Contact
    Christine Hogan
    Christine Hogan
    Real Estate License ID: 3491999
    (352) 238-2279
    Learn more
    Google sign-in failed. Please try again or use another login method.