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    N Suncoast Blvd Crystal River, FL 34429

    View on Map
    Sponsored
    For Sale
    $870,000

    SINGLE_FAMILY - Crystal River, FL

    Type:Office
    Property size:
    5,450 SF
    Lot size:
    0.69 Acres
    Days on Market:
    14
    Last Refresh:
    Mar 10 at 10:06 am

    Property Features for N Suncoast Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Office
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    GNC
    APN
    1103789
    Parking features
    Driveway
    Interior features
    HighCeilings
    Exterior features
    BlacktopDriveway, PavedDriveway
    Size
    5,450 SF
    Lot size
    0.69 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1992
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Stucco
    Roof type
    Tile

    We can help!

    Listing Contact
    Diana G Marcum
    Diana G Marcum

    diana g. marcum pa (352) 341-0900

    Listing agent Diana G Marcum (352) 341-0900 License #128665

    Listing date Feb 24, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Executive Office Buildings on Highway

    Two executive office buildings are available on US Highway 19 in Crystal River, Florida. As of March 1, 2026, the property generates an annual rent of $96,950. The first building, spanning 3,600 square feet, features a large reception area, a conference room, an executive office, a break room, and multiple private offices. It is currently leased to the city of Crystal River as a city hall, with two years remaining on a three-year lease and three additional one-year option periods. The annual base rent for this building is $60,000, with 3% annual increases. The second building, comprising 1,850 square feet, is leased to a home healthcare company. A new three-year lease is scheduled to commence on March 1, 2026, with a base rent of $35,150 annually and 3% annual increases. The property is zoned for general commercial use. With some renovation, either building could accommodate a retail business. The property is situated near the Crystal River Airport and just north of Home Depot. The location benefits from recent highway construction that added an additional lane to accommodate heavy traffic. The site offers excellent access on a 0.69-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.580141
    Latitude
    28.87227

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    FAQs

    What type of property is this?
    Office building - Executive office buildings in Crystal River with highway frontage.
    Where is this office building located?
    The property is located at N Suncoast Blvd 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: - $96,950 annual rent as of 3/1/2026 from two buildings.; - Building (1) leased to the city of Crystal River with 2 years remaining on the initial lease and (3) additional 1-year option periods.; - Building (2) has a new 3-year lease scheduled for 3/1/2026 with a home health care company.
    (352) 341-0900
    Request Owner's contact information
    N Suncoast Blvd Crystal River, FL 34429
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    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
    N Suncoast Blvd Crystal River, FL 34429
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    We can help!
    Listing Contact
    Diana G Marcum
    Diana G Marcum
    Real Estate License ID: 128665
    (352) 341-0900
    Learn more
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