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    Medical Office Suite with Storefront Title is generated by Realmo AI

    936 N Suncoast Boulevard, Crystal River, FL 34429

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    Claim this Listing
    For Lease
    $2,212/Mo $16 SF/Yr (calc)

    COMMERCIAL - Crystal River, FL

    Type:Office
    Property size:
    1,600 SF
    Lot size:
    2.36 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    92
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for 936 N Suncoast Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    GNC
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 3, Bathroom 1
    Parking
    100
    Standard status
    Active
    Size
    1,600 SF
    Lot size
    2.36 Acres

    Taxes and HOA fees

    Expense value
    2211.6
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Septic Tank
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Flooring type
    Laminate

    We can help!

    Listing Contact
    Elias Kirallah
    Elias Kirallah

    Listing agent Elias Kirallah License #3123414

    Listing office Century 21 J.W.Morton R.E. 1645 W Main Street, Inverness, FL

    Listing date Mar 6, 2026

    MLS# 852933

    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

    • +/-1,600 SF medical office suite on US‑19 in Crystal River
    • Exposure to 32,500+ vehicles per day along US‑19 (per provided remarks)
    • Layout includes reception, five exam rooms, X‑ray room, private office, breakroom, and shared workspace/common area
    • Three ADA‑compliant restrooms plus durable tile flooring and built‑in cabinetry
    • Large glass storefront for natural light into lobby, workspace, and office areas
    • Year built 1984; central air; public water and septic tank sewer

    Overview

    This available medical office suite offers approximately 1,600 square feet of functional space designed for patient flow and day-to-day clinical operations. The interior includes a reception area, five exam rooms, an X-ray room, a private office, a breakroom, and a shared workspace/common area. The suite also has three ADA-compliant restrooms, durable tile flooring, and built-in cabinetry to support immediate occupancy with minimal build-out.

    Located off US-19 in Crystal River, the suite benefits from exposure to over 32,500 vehicles per day. It sits within South Square, a neighborhood center comprising 17 units with a tenant mix that includes medical, professional office, and retail businesses. Nearby retail and regional destinations are present in the immediate trade area, including Home Depot, and the Crystal River Airport is also close by. The property additionally benefits from the recent six-lane expansion of US-19 extending into Hernando County, improving regional connectivity and traffic flow along this corridor.

    This configuration is well suited for healthcare providers seeking a turn-key, patient-facing office environment with dedicated exam and imaging space. With its storefront-facing lobby and established center setting, the suite supports walk-in visibility while providing practical rooming, reception, and support space for staff and patients.
    Property Profile Location Intelligence

    Current Use by Public Records

    Padala Lakshmi N ... Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Crystal River Animal Hospital — 8874 W Sue Ln, Crystal River, FL 34429
    • Plantation Animal Clinic — 9030 W Fort Island Trail #3, Crystal River, FL 34429
    • Kicherer Nancy DVM — 9030 W Fort Island Trail #3, Crystal River, FL 34429

    Location Insight

    • Map
    • Local Demand
    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.580732
    Latitude
    28.875586

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    FAQs

    What type of property is this?
    Medical Office Space - Well-equipped medical suite with multiple exam rooms and a glass storefront on a high-visibility US-19 corridor.
    Where is this medical office space located?
    The property is located at 936 N Suncoast Boulevard Crystal River, FL.
    What is the lease rate?
    The lease rate is $2,212 /Mo.
    What are key features of this property?
    This property features: +/-1,600 SF medical office suite on US‑19 in Crystal River; Exposure to 32,500+ vehicles per day along US‑19 (per provided remarks); Layout includes reception, five exam rooms, X‑ray room, private office, breakroom, and shared workspace/common area
    (352) 400-2635
    We can help!
    Listing Contact
    Elias Kirallah
    Elias Kirallah
    Real Estate License ID: 3123414
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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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