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    936 N Suncoast Blvd Crystal River, FL 34429

    View on Map
    Sponsored
    For Lease
    $2,267 /Mo ($17 SF/Yr)

    COMMERCIAL - Crystal River, FL

    Type:Office
    Property size:
    1,600 SF
    Lot size:
    2.36 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 7 at 6:06 pm

    Property Features for 936 N Suncoast Blvd

    General Information

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

    Taxes and HOA fees

    Expense value
    2266.67
    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

    Century21 J.W. Morton Real Estate, Inc (352) 726-6668

    Listing agent Elias Kirallah (352) 726-6668 License #3123414

    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.

    Learn more

    Property Insight Report

    Overview

    Medical Office Space on US-19

    Located in Crystal River along US-19, this medical office space offers exposure to over 32,500 vehicles per day. The surrounding trade area includes approximately 27,500 residents who spend more than $76 million annually on healthcare. The location provides access within a 15-minute drive of Homosassa, Lecanto, Downtown Crystal River, and Kings Bay. The property consists of approximately 1,600 square feet and features a functional layout, including a reception area, five exam rooms, an X-ray room, a private office, a breakroom, a shared workspace/common area, and three ADA-compliant restrooms. A large glass storefront allows natural light into the lobby, workspace, and office areas. Interior improvements include tile flooring and built-in cabinetry. The property is located within South Square, a neighborhood center comprised of 17 units with a tenant mix of medical, professional office, and retail businesses. Neighboring the center is a concentration of national retailers and regional destinations, including Home Depot, along with the nearby Crystal River Airport. The recent six-lane expansion of US-19 into Hernando County has improved regional connectivity and increased traffic flow along this commercial corridor. The property is suitable for medical use.
    Property Profile Insight Report 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, Plantation Animal Clinic, Kicherer Nancy DVM

    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-positioned medical office in Crystal River with high traffic exposure.
    Where is this medical office space located?
    The property is located at 936 N Suncoast Blvd Crystal River, FL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on US-19 with 32,500+ vehicles per day and exposure to a trade area of 27,500 residents spending $76M+ annually on healthcare.; - Functional 1,600 SF medical suite with reception, 5 exam rooms, X-ray room, private office, breakroom, shared workspace, and 3 ADA restrooms.; - Immediate occupancy with minimal build-out required due to durable tile flooring and built-in cabinetry.
    (352) 400-2635
    Request Owner's contact information
    936 N Suncoast Blvd 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
    936 N Suncoast Blvd Crystal River, FL 34429
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    We can help!
    Listing Contact
    Elias Kirallah
    Elias Kirallah
    Real Estate License ID: 3123414
    (352) 400-2635 (352) 726-6668
    Learn more
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