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    Crystal River Office Space For Rent Title is generated by Realmo AI

    2041 N Donovan Avenue, Crystal River, FL 34428

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    Picture of Office Units at 2041 N Donovan Avenue, Crystal River, FL
    For Lease
    $1,800/Mo $14 SF/Yr (calc)

    COMMERCIAL - Crystal River, FL

    Type:Office
    Property size:
    1,496 SF
    Lot size:
    2.00 Acres
    Added:
    May 27, 2026
    Days on Market:
    5
    Last Refresh:
    May 31 at 3:06 am

    Property Features for 2041 N Donovan Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Size
    1,496 SF
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Expense value
    1800
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1992
    Flooring type
    Carpet

    We can help!

    Listing Contact
    Vincent Esposito
    Vincent Esposito

    Listing agent Vincent Esposito License #3311298

    Listing office EXIT Riverside Realty 20156 E Pennsylvania Ave., FL

    Listing date May 27, 2026

    MLS# 854504

    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.

    HighLights

    • Customizable office space: Owner will build to suit your needs.
    • Existing full kitchen and bathroom.
    • New carpeting installed.
    • LED lighting awaiting installation.
    • Central heating and air conditioning.
    • Located in a complex with established businesses.

    Overview

    This second-floor office space, located in Crystal River, Florida, offers 1496 square feet of commercial space for rent. The property owner is willing to customize the unit to suit tenant needs. The existing layout includes a full kitchen and a full bathroom. New carpeting has been installed, and LED lighting is awaiting installation. On-site parking is available, though somewhat limited. The property is situated behind Lookin Sharp Barber Shop and adjacent to Citrus Equipment. The two lower units are occupied by EXIT Riverside Realty and Legacy Martial Arts. Other businesses in the complex include Jazzercise, Dugouts USA, Granny Nannies, and Advanced Family Hearing Aid Center. The property is located at 2041 N Donovan Avenue, Crystal River, FL 34428, in Citrus County, on a 2-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Real Hope In Christ Church Bring The Word Ministries Church Sawyer Bilt Websites Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.5442727
    Latitude
    28.8923611

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    FAQs

    What type of property is this?
    Office units - Second floor office space available for rent in Crystal River.
    Where is this office units located?
    The property is located at 2041 N Donovan Avenue Crystal River, FL.
    What is the lease rate?
    The lease rate is $1,800 /Mo.
    What are key features of this property?
    This property features: Customizable office space: Owner will build to suit your needs.; Existing full kitchen and bathroom.; New carpeting installed.
    (352) 216-9872
    We can help!
    Listing Contact
    Vincent Esposito
    Vincent Esposito
    Real Estate License ID: 3311298
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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.

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