US-19 Storefront
For Sale
$1,300,000
4314 N SUNCOAST Boulevard, Crystal River, FL 34428
Commercial Sale, CRYSTAL RIVER, FL
Property Size4,599 SF
Lot Size0.92 Acres
Price / SF$282.67
Days on Market743
Property Features for 4314 N SUNCOAST Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GNC
Subdivision
THUNDERBIRD ESTATES UNREC
Directions
FROM CRYSTAL RIVER HEAD NORTH ON US HWY 19 PASS THE CRYSTAL RIVER MALL 1/2 MILE TO LOCATION ON LEFT.
Standard status
Active
APN
17E-18S-08-0000-31300-00C0
Size
4,599 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
PCL C: COM AT INT OF N LN OF S 1591.12 FT OF SEC & W R/W LN OF US HWY 19 TH N 21 DEG 21M 49S W AL R/W LN 50 FT TO POB TH N 21 DEG 21M 49S W 100 FT TH W 429.51 FT TH S 21 DEG 21 M 49S E 100 FT TH E 429.51 FT TO POB DESC IN OR BK 1256 PG 1619 & OR BK 1 519 PG 1463
Tax Annual Amount
2968
Legal Description
PCL C: COM AT INT OF N LN OF S 1591.12 FT OF SEC & W R/W LN OF US HWY 19 TH N 21 DEG 21M 49S W AL R/W LN 50 FT TO POB TH N 21 DEG 21M 49S W 100 FT TH W 429.51 FT TH S 21 DEG 21 M 49S E 100 FT TH E 429.51 FT TO POB DESC IN OR BK 1256 PG 1619 & OR BK 1 519 PG 1463
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1986
Floors in Building
1
Building materials
Block, Concrete, Stone
Listing Agency:
KELLER WILLIAMS REALTY SMART
(863) 577-1234
Listed By:
Deana Lainhart · License #3372419
(239) 289-1195
Added: Aug 15, 2024
Changed: Aug 24
Last Checked: Aug 27 at 4:06PM
MLS# L4946988
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,599-square-foot storefront property offers five separate front entrances and an adaptable interior layout suited to a range of commercial configurations. The building includes three bathrooms and was constructed in 1986 with block, concrete, and stone materials. Central air and electric heat serve the interior, while GNC zoning supports the property’s commercial setting.
The building is positioned directly on US-19 at 4314 N Suncoast Boulevard in Crystal River, Florida. The site encompasses 0.92 acres and provides more than 30 parking areas, giving the property a substantial on-site parking component. Its multi-entrance design and existing interior arrangement provide a practical foundation for storefront or other commercial occupancy.
The building is positioned directly on US-19 at 4314 N Suncoast Boulevard in Crystal River, Florida. The site encompasses 0.92 acres and provides more than 30 parking areas, giving the property a substantial on-site parking component. Its multi-entrance design and existing interior arrangement provide a practical foundation for storefront or other commercial occupancy.
Key Highlights
- 4,599‑square‑foot commercial building on 0.92 acres
- Five separate front entrances support flexible interior configuration
- More than 30 parking areas on site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,427
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$968,540
$968.5K
Cap Rate 7%
$691,814
$691.8K
Cap Rate 9%
$538,078
$538.1K
Market Conditions
NOI Build-Up for 4,599 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.8K $18.00/SF
− Vacancy
−$18.2K −$3.96/SF
EGI
$64.6K $14.04/SF
− OpEx
−$16.1K −$3.51/SF
NOI
$48.4K $10.53/SF
Area
Citrus County, FL
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$968,540
Cap Rate 7%
$691,814
Cap Rate 9%
$538,078
Alternative Uses
Best Use
Office B
$691.8K
$605.3K – $807.1K
NOI $48,427 @ 7.0% cap · market cap 3.73%
Second Best
Retail
$631.2K
$552.3K – $736.4K
NOI $44,185 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$1.03M
$904.2K – $1.21M
NOI $72,337 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34428, FL
9,583
Population
5,058
Households
1.9
Avg Household Size
54
Median Age
20%
College-Educated
89%
High-School Grad
67.1 sq mi
ZIP Area
143
Density / Sq Mi
$48,185
Median Household Income
$29,589
Median Earnings
$890
Median Rent
$236,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial building with multiple customer entrances, three bathrooms, and on-site parking in a retail-oriented configuration.
Where is this storefront property located?
The property is located at 4314 N SUNCOAST Boulevard Crystal River, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,599‑square‑foot commercial building on 0.92 acres; Five separate front entrances support flexible interior configuration; More than 30 parking areas on site
