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    13982 W Ozello Trl Crystal River, FL 34429

    View on Map
    Sponsored
    For Sale
    $2,850,000

    SINGLE_FAMILY - Crystal River, FL

    Type:Retail
    Property size:
    8,800 SF
    Lot size:
    1.55 Acres
    Days on Market:
    42
    Last Refresh:
    Mar 9 at 6:06 pm

    Property Features for 13982 W Ozello Trl

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    CLC
    APN
    3330210
    Parking features
    Parking Lot, Driveway
    Patio and Porch features
    Deck
    Interior features
    FirstFloorEntry
    Exterior features
    Deck, Lighting, GravelDriveway
    Size
    8,800 SF
    Lot size
    1.55 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public
    Water front features
    Waterfront, Seawall, Ocean Access
    Water front
    1

    Building Details

    Year built
    1965
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Kevin Cunningham

    RE/MAX Realty One (352) 795-2441

    Listing agent Kevin Cunningham (352) 527-7842 License #655978

    Listing date Jan 26, 2026

    MLS# 851264

    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

    Waterfront Tourist Village Mixed-Use Portfolio

    This is a fully operational, tri-property waterfront commercial portfolio in Ozello, located in the heart of Crystal River's Nature Coast. Known as "The Backwater Village", the property combines three addresses to create a self-sustaining tourist hub offering dining, boating, airboat rides, kayak rentals, retail, and lodging potential. The main feature is a fully operational waterfront restaurant and bar with indoor and outdoor deck seating and estuary views. It includes a fully equipped commercial kitchen and dual boat docks. Across the street with direct Gulf access is a commercial waterfront parcel operating as a country store, bait and tackle shop, and charter base for airboat tours and kayak rentals. It features over 280 feet of waterfront, a 120-foot dock, a boat ramp, and saltwater bait tanks, along with an 8800 square foot retail shop. Located adjacent to the restaurant is a versatile live/work property. The ground floor is a renovated commercial space, and the second floor features a 2-bedroom, 1-bath apartment with new flooring. The properties create a symbiotic ecosystem where tourists can launch at the dock, eat at the restaurant, and shop or stay at the cottage. The property is located in a booming Crystal River eco-tourism market and has potential for expansion. The lot size is 1.55 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Backwater Fins Restaurant

    Suggested Use

    Real Estate Agency Restaurant Hotel & Motel Bar & Pub Computer & Electronic Repair Tech Support Center Bed & Breakfast Coworking & Hybrid Office Restaurant Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.66608
    Latitude
    28.830825

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    FAQs

    What type of property is this?
    Retail property - Turn-key waterfront tourist village with restaurant, retail, and lodging potential.
    Where is this retail property located?
    The property is located at 13982 W Ozello Trl Crystal River, FL.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: - Turn-key, income-producing waterfront tourist village comprised of three commercial properties in Crystal River's Nature Coast.; - Includes the renowned Backwater Fins restaurant with indoor/outdoor seating, commercial kitchen, and boat docks.; - Features a waterfront country store and adventure hub with direct Gulf access, boat ramp, 120-ft dock, and retail space.
    (352) 422-7547
    Request Owner's contact information
    13982 W Ozello Trl Crystal River, FL 34429
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    Crystal River, FL 34429
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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
    13982 W Ozello Trl Crystal River, FL 34429
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    We can help!
    Listing Contact
    Kevin Cunningham
    Real Estate License ID: 655978
    (352) 422-7547 (352) 527-7842 (352) 519-1429
    Learn more
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