Multi-Tenant Medical Office
1118 N SUNCOAST BOULEVARD Crystal River, FL 34429
1118 N SUNCOAST BOULEVARD, Crystal River, FL, 34429
$995,000
For Sale
$995,000
Professional multi-tenant center with four occupied suites, including dental, brokerage, real estate office and massage services.
Property Size6,324 SF
Lot Size2.36 Acres
Price / SF$157.34
Days on Market477
Property Features for 1118 N SUNCOAST BOULEVARD
General Information
- Standard status
- Active
- Size
- 6,324 SF
- Lot size
- 2.36 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1978
Listing agency
ERA AMERICAN SUNCOAST REALTY
(352) 634-0101
Listed by
Steve Latiff · License #3000769
(352) 634-0101
Source
Exitrealty
Added: Apr 2, 2025 Updated: Jul 21 at 9:46PM Checked: Jul 21 at 9:46PM
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 ERA AMERICAN SUNCOAST REALTY
Investment Insights
Based on property information with market context.
This professional center offers four rental units within a single office facility. Current tenants include a dentist, a brokerage firm, a real estate office, and a massage therapy suite, providing a diversified mix of office-oriented healthcare and professional services. The property is positioned on a parcel with ample parking and is served by central water and septic. The owner notes the building has never flooded.
Located at 1118 N Suncoast Boulevard in Crystal River, the property provides approximately 200 feet of frontage on US Hwy 19 just past the city limits.
For sale at $995,000, the site totals 2.36 acres and includes 6,324 square feet of building area.
Located at 1118 N Suncoast Boulevard in Crystal River, the property provides approximately 200 feet of frontage on US Hwy 19 just past the city limits.
For sale at $995,000, the site totals 2.36 acres and includes 6,324 square feet of building area.
Key Highlights
- Professional center on US Hwy 19 with 4 rental units, currently occupied by a dentist, brokerage firm, real estate office, and massage therapy
- 2.36 acres with 200 ft of frontage on US Hwy 19
- Central water and septic
Local 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 | $164.7k | $26.04 |
| − Vacancy | −$17.3k | −$2.73 |
| EGI | $147.4k | $23.31 |
| − OpEx | −$59.0k | −$9.32 |
| NOI | $88.4k | $13.98 |
6,324 SF · lease $26.04/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.26M
$1.11M – $1.47M
NOI $88,432 @ 7.0% cap · market cap 8.89%
Second Best
Office B
$951.3K
$832.4K – $1.11M
NOI $66,592 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,469 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hosner John D ...
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Professional multi-tenant center with four occupied suites, including dental, brokerage, real estate office and massage services.
Where is this office units located?
The property is located at 1118 N SUNCOAST BOULEVARD Crystal River, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Professional center on US Hwy 19 with 4 rental units, currently occupied by a dentist, brokerage firm, real estate office, and massage therapy; 2.36 acres with 200 ft of frontage on US Hwy 19; Central water and septic
