Retail Building with Covered
103 NW US Highway 19, Crystal River, FL 34428
For Sale
New
$499,000
The freestanding block structure combines open showroom areas with private offices, storage, restrooms, and on-site parking.
Property Size2,970 SF
Price / SF$188.59
Days on Market2
Property Features for 103 NW US Highway 19
General Information
Standard status
Size
Property subtype
Site & Location
Corner Location
Highway Access
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
on-site parking
covered front canopy
visible signage opportunities
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Century21 J.W. Morton Real Estate, Inc
Listed By:
Joseph Zubrzycki · License #3537255
(815) 482-9898
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century21 J.W. Morton Real Estate, Inc
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Investment Insights
Based on property information with market context.
Built in 1946, this freestanding concrete block retail property has approximately 2,646 square feet of interior area. Its layout includes broad showroom-style rooms, private offices, storage, two restrooms, and an electrical and mechanical room. A covered canopy of approximately 324 square feet extends across the front. The interior configuration may be altered, subject to applicable approvals.
The property occupies a corner parcel along US Highway 19 in Crystal River, with on-site parking. Nearby context includes local businesses, marinas, and restaurants. The property adjoins a City Hall project described as under construction in the listing information.
The property occupies a corner parcel along US Highway 19 in Crystal River, with on-site parking. Nearby context includes local businesses, marinas, and restaurants. The property adjoins a City Hall project described as under construction in the listing information.
Key Highlights
- Approximately 2,646 square feet of interior space
- Approximately 324 square foot covered front canopy
- Concrete block construction; built in 1946
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,421
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,420
$508.4K
Cap Rate 7%
$363,157
$363.2K
Cap Rate 9%
$282,456
$282.5K
Market Conditions
NOI Build-Up for 2,646 SF
Gross rent
$39.7K $15.00/SF
− Vacancy
−$3.4K −$1.28/SF
EGI
$36.3K $13.73/SF
− OpEx
−$10.9K −$4.12/SF
NOI
$25.4K $9.61/SF
Area
Citrus County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,420
Cap Rate 7%
$363,157
Cap Rate 9%
$282,456
Alternative Uses
Best Use
Retail
$363.2K
$317.8K – $423.7K
NOI $25,421 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$594.6K
$520.2K – $693.7K
NOI $41,619 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 29%
Electronics 2%
McDonald's
Dining
29,141 visits/mo
0.5 miles
BP
Shops & Services
11,606 visits/mo
0.4 miles
Fish House
Dining
10,904 visits/mo
0.1 miles
SUBWAY
Dining
7,220 visits/mo
0.4 miles
Chevron
Shops & Services
3,950 visits/mo
0.1 miles
Demographics for 34428, FL
9,583
Population
5,058
Households
1.9
Avg Household Size
54
Median Age
20%
College-Educated
89%
High-School Grad
67.1 sq mi
ZIP Area
143
Density / Sq Mi
$48,185
Median Household Income
$29,589
Median Earnings
$890
Median Rent
$236,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Citrus County, FL
Properties on Market for Retail space in Citrus County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The freestanding block structure combines open showroom areas with private offices, storage, restrooms, and on-site parking.
Where is this retail space located?
The property is located at 103 NW US Highway 19 Crystal River, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 2,646 square feet of interior space; Approximately 324 square foot covered front canopy; Concrete block construction; built in 1946
