Two Executive Office
For Sale
$870,000
730-706-714 N Suncoast Boulevard, Crystal River, FL 34429
SINGLE_FAMILY - Crystal River, FL
Property Size5,450 SF
Lot Size0.69 Acres
Price / SF$159.63
Days on Market641
Property Features for 730-706-714 N Suncoast Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning
GNC
Parking features
Driveway
Interior features
HighCeilings
Exterior features
BlacktopDriveway, PavedDriveway
Subdivision
Not on List
Lot features
Flat, Multiple Lots
Directions
Hwy 19 on right (West side of 19) just before light at Venable Street
Standard status
Active
APN
1103789
Lot size
0.69 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Citrus county Florida property appraiser alt key 1103789
Tax Annual Amount
9692
Legal Description
Citrus county Florida property appraiser alt key 1103789
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1992
Floors in Building
1
Flooring type
Tile
Building materials
Stucco
Roof type
Tile
Listing Agency:
Diana G.Marcum P.A.
(352) 341-0900
Listed By:
Diana G Marcum · License #128665
(352) 341-0900
Added: Oct 29, 2024
Changed: Jul 30
Last Checked: Jul 31 at 3:06AM
MLS# 838565
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.
Investment Insights
Based on property information with market context.
Two executive office buildings totaling 5,450 square feet are available for sale on US Highway 19 in Crystal River, Florida. Building (1) includes a reception area, conference room, executive office, break room, and multiple private offices, with a City of Crystal River tenant under a lease term of 3/01/2025 through 2/28/2028 and three additional one-year option periods. Building (2) includes an office configuration for TVG NP Homecare Acquisition, INC, with a lease term of 3/1/2026 through 2/28/2029.
Current annual rent is $96,950.00 as of 3/1/2026, comprised of $60,000 for Building (1) and $35,150 for Building (2), with 3% annual increases. The property is zoned general commercial. The buildings are described as adaptable with some renovation to accommodate a medical office or retail use. The site has access and is located near the Crystal River airport and just north of Home Depot, in an area where the highway recently added an additional lane to accommodate heavy traffic.
Current annual rent is $96,950.00 as of 3/1/2026, comprised of $60,000 for Building (1) and $35,150 for Building (2), with 3% annual increases. The property is zoned general commercial. The buildings are described as adaptable with some renovation to accommodate a medical office or retail use. The site has access and is located near the Crystal River airport and just north of Home Depot, in an area where the highway recently added an additional lane to accommodate heavy traffic.
Key Highlights
- Two executive office buildings totaling 5,450 SF on US Highway 19 in Crystal River, FL (3600 SF and 1850 SF).
- Current annual rent is $96,950 as of 3/1/2026, with city and healthcare‑related tenants under long‑term leases.
- Lease details: Building 1 leased 3/1/2025–2/28/2028 with 3 additional 1‑year option periods; $60,000 annual base rent with 3% increases.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.9k | $26.04 |
| − Vacancy | −$14.9k | −$2.73 |
| EGI | $127.0k | $23.31 |
| − OpEx | −$50.8k | −$9.32 |
| NOI | $76.2k | $13.98 |
5,450 SF · lease $26.04/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.09M
$952.6K – $1.27M
NOI $76,210 @ 7.0% cap · market cap 8.76%
Second Best
Office B
$819.8K
$717.4K – $956.5K
NOI $57,389 @ 7.0% cap · market cap 6.60%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,722 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 34429, FL
8,837
Population
5,458
Households
1.6
Avg Household Size
60
Median Age
25%
College-Educated
90%
High-School Grad
41.4 sq mi
ZIP Area
213
Density / Sq Mi
$57,716
Median Household Income
$36,577
Median Earnings
$1,070
Median Rent
$220,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two leased office buildings on US Highway 19 with reception, conference space, and multiple private offices.
Where is this office building located?
The property is located at 730-706-714 N Suncoast Boulevard Crystal River, FL.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Two executive office buildings totaling 5,450 SF on US Highway 19 in Crystal River, FL (3600 SF and 1850 SF).; Current annual rent is $96,950 as of 3/1/2026, with city and healthcare‑related tenants under long‑term leases.; Lease details: Building 1 leased 3/1/2025–2/28/2028 with 3 additional 1‑year option periods; $60,000 annual base rent with 3% increases.
