Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    823 NE 5Th St Crystal River, FL 34429

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $479,900

    Premium office building with highway frontage and recent updates.

    Property size:
    2,165 SF
    Lot size:
    0.64 Acres

    Property Features for 823 NE 5Th St

    General Information

    Standard status
    Active
    Size
    2,165 SF
    Lot size
    0.64 Acres

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    Hector Contreras
    Hector Contreras
    Source: Exitrealty

    Listing Agency: WEICHERT REALTORS EXCLUSIVE PROPERTIES Listing Agent: Hector Contreras

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Crystal River Office Building For Sale

    Located at 823 NE 5th Street in Crystal River, this office building offers a commercial opportunity with 200 feet of Highway 44 frontage. The property is situated on a 0.64-acre lot and includes a paved parking lot. Zoned for commercial use, the 2,165-square-foot building is designed to accommodate various business needs. The main level features 1,645 square feet, including five offices, a kitchenette, and two bathrooms. The second floor, spanning 520 square feet, offers a flex room and an additional bathroom. Recent updates include a new HVAC system and a roof replacement in 2022.
    Location Intelligence

    Current Use by Public Records

    Sampson Eric A DC Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.5801889
    Latitude
    28.8987761

    Nearby Similar for Sale

    • $599,900
      6,523 SF

      Mixed-Use Retail/Auto Service Property

      High-visibility mixed-use property on heavily traveled commercial corridor.
      6680 W Gulf To Lake Hwy, Crystal River, FL 34429
      View Details
    • $712,500
      7,090 SF

      Downtown Crystal River Retail Opportunity

      Free-standing building in Crystal River's historical downtown.
      669 NE Us Highway 19, Crystal River, FL 34429
      View Details
    • $599,000
      2,646 SF

      Highway 19 Commercial Opportunity

      Freestanding commercial building with high visibility and redevelopment potential.
      103 NW Us Highway 19, Crystal River, FL 34428
      View Details
    • New
      $325,000
      2,510 SF

      Unique Commercial Property in Crystal River

      2500 sq ft commercial property on 0.67 acres.
      619 NE 2Nd St, Crystal River, FL 34429
      View Details
    • $2,600,000
      7,585 SF

      Freestanding Office Building on US 19

      7,585 sq ft office building on 2.29 acres.
      268 S Suncoast Blvd, Crystal River, FL 34429
      View Details
    • New
      $499,900
      Pending

      High-Visibility Commercial Property in Crystal River

      Freestanding commercial property on a high-traffic highway with strong visibility.
      823 NE 5Th St, Crystal River, FL 34429
      View Details
    • $2,850,000
      8,800 SF

      Waterfront Tourist Village Mixed-Use Portfolio

      Turn-key waterfront tourist village with restaurant, retail, and lodging potential.
      13982 W Ozello Trl, Crystal River, FL 34429
      View Details
    • $449,900
      Pending

      Remodeled Office Building in Crystal River

      Remodeled office building with five offices, conference room, and parking.
      154 SE 7Th Ave, Crystal River, FL 34429
      View Details
    • $870,000
      5,450 SF

      Executive Office Buildings on Highway

      Executive office buildings in Crystal River with highway frontage.
      N Suncoast Blvd, Crystal River, FL 34429
      View Details
    • $775,000
      2,848 SF

      Waterfront Multi-Family Income Property

      Riverfront property with multiple living spaces and income potential.
      421 NW 14Th Pl, Crystal River, FL 34428
      View Details
    • $2,100,000
      11,205 SF

      Retail Plaza in Growing Area

      Anchored retail center with high visibility and growth potential.
      2010 SE Us Highway 19, Crystal River, FL 34429
      View Details
    • New
      $149,000
      Pending

      Crystal River Office with Operatories

      Office in Crystal River with operatory rooms and great potential.
      9030 W Fort Island Trl, Crystal River, FL 34429
      View Details

    FAQs

    What type of property is this?
    Office building - Premium office building with highway frontage and recent updates.
    Where is this office building located?
    The property is located at 823 NE 5Th St Crystal River, FL.
    What is the asking price?
    The asking price for this property is $479,900.
    What are key features of this property?
    This property features: - Prime location with **200 feet of Highway 44 frontage** for maximum visibility.; - Commercially zoned 0.64-acre lot with paved parking.; - Recently replaced roof (2022) and new HVAC system.
    (727) 344-9325
    Request Owner's contact information
    823 NE 5Th St Crystal River, FL 34429
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    823 NE 5Th St
    Crystal River, FL 34429
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    823 NE 5Th St Crystal River, FL 34429
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Hector Contreras
    Hector Contreras
    Real Estate License ID: 3270483
    (727) 344-9325 (813) 426-2669
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!