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    The Largest CRE Database in the US with Over 1 Million Listings

    708 NE 6Th St Crystal River, FL 34428

    Sponsored
    For Sale
    Pending
    $224,900

    SINGLE_FAMILY - Crystal River, FL

    Type:Office
    Lot size:
    0.24 Acres
    Days on Market:
    24
    Last Refresh:
    Jan 23 at 1:06 pm

    Property Features for 708 NE 6Th St

    General Information

    Special listing conditions
    Auction
    Property type
    Residential
    Property subtype
    Office
    TransactionType
    Auction
    Standard status
    Pending
    Zoning
    CH
    APN
    1078890
    Parking features
    Parking Lot, Driveway
    Exterior features
    PavedDriveway
    Lot size
    0.24 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Ductless, Window Unit(s), Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1968
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Stucco
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Louis Newman
    Louis Newman

    Keller Williams Realty-Elite Partners (352) 688-6500

    Listing agent Louis Newman (352) 419-0200 License #3411168

    Listing date Dec 31, 2025

    MLS# 846144

    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

    Crystal River Commercial Property For Sale

    This Crystal River commercial property is zoned CH and situated near US Hwy 19 and SR 44, approximately a 10-minute drive from the Suncoast Parkway. The concrete block building offers over 2,400 square feet of space, featuring a large front waiting room or reception area, a front conference room, and six distinct offices. Additional amenities include an employee lounge, two bathrooms, and two flex spaces suitable for light assembly, supply storage, or additional conference rooms. The property is suited for medical, dental, chiropractic, accounting, legal, financial, real estate, and other professional services, as well as light assembly and fabrication. Other potential uses include a day care center, hair salon, spa, or used automotive business. The property benefits from a new roof installed in 2020 and some new HVAC equipment installed in 2019. It also features side fencing with barbed wire, city water and sewer services, high-speed internet availability, and underground power. The lot size is 0.24 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cynthia Nuce Social Worker Elizabeth Mazzeo Social Worker Deborah A. Martin, Inc. Counselor ALL WAYS MENTAL ... Mental Health Service Jenna Esteves Counselor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Spa & Massage Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.582523
    Latitude
    28.899504

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    FAQs

    What type of property is this?
    Office building - CH-zoned commercial building near US Hwy 19 and SR 44.
    Where is this office building located?
    The property is located at 708 NE 6Th St Crystal River, FL.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: - Prime Commercial Zoning (CH) in Crystal River, suitable for medical, professional services, or light assembly.; - Excellent Location: Close proximity to US Hwy 19, SR 44, and Suncoast Parkway for easy access.; - Spacious 2,400+ sq. ft. concrete block building with a functional layout including reception, conference room, 6 offices, lounge, and flex spaces.
    (352) 870-4622
    Request Owner's contact information
    708 NE 6Th St Crystal River, FL 34428
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    Crystal River, FL 34428
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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
    708 NE 6Th St Crystal River, FL 34428
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    We can help!
    Listing Contact
    Louis Newman
    Louis Newman
    Real Estate License ID: 3411168
    (352) 870-4622
    Learn more
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