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    Prime Commercial Land on Highway Title is generated by Realmo AI

    1975 SE US HWY 19, Crystal River, FL 34429

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    Claim this Listing
    For Sale
    $250,000

    Land - CRYSTAL RIVER, FL

    Lot size:
    1.37 Acres
    Added:
    May 15, 2019
    Days on Market:
    2575
    Last Refresh:
    Jun 1 at 3:06 am

    Property Features for 1975 SE US HWY 19

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    CH
    Standard status
    Active
    APN
    17E-18S-27-0000-34222
    Lot size
    1.37 Acres

    Taxes and HOA fees

    Tax Year
    2018
    Tax Annual Amount
    1936

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeyte Gilson
    Jeyte Gilson

    Listing agent Jeyte Gilson License #671792

    Listing office EPIQUE REALTY, INC. 100 S Ashley Drive Ste 100, Houston, FL

    Listing date May 15, 2019

    MLS# T3174868 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial development opportunity with high visibility: ±1.37‑acre site with approximately 130 feet of frontage on US Highway 19 and estimated traffic counts of 24,000 vehicles per day.
    • Flexible Urban Center–1 (UC‑1) zoning: Allows a wide range of retail, medical, financial, and service‑based uses.
    • High buildability and development potential: Approximately 90% buildable with excellent depth for building, parking, and retention, plus potential rear access for drive‑thru or dual‑ingress site design.
    • Strategic location in a growing commercial corridor: Surrounded by established national and regional businesses and close to City Hall, the Chamber of Commerce, the airport, and a major retail redevelopment project.
    • Built‑in customer base: Directly adjoins a gated manufactured home community with approximately 540 residences.
    • City sewer available and city support for redevelopment: City staff has expressed support for redevelopment and recommends consistent UC‑1 zoning across the parcel.

    Overview

    This commercial land, situated within Crystal River, Florida, offers a development opportunity on approximately 1.37 acres. The site features about 130 feet of frontage on US Highway 19, which experiences an estimated 24,000 vehicles daily. Zoned primarily Urban Center–1 (UC-1), the zoning accommodates various retail, medical, financial, and service-based uses, with the exception of outdoor storage. The property is approximately 90% buildable, providing depth suitable for building, parking, and retention, and includes potential rear access. City sewer services are available. The location is surrounded by established national and regional banks, healthcare providers, and restaurants, including Cedar River Seafood to the north. The site adjoins a gated manufactured home community with approximately 540 residences. Located less than one mile from City Hall, the Citrus County Chamber of Commerce, and Crystal River Airport, the property is also near a major retail redevelopment project underway along US Highway 19. City staff has expressed support for redevelopment and recommends consistent UC-1 zoning across the parcel. This infill opportunity is located in a growing commercial corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.5809822
    Latitude
    28.880326

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    FAQs

    What type of property is this?
    Commercial land - 1.37-acre commercial land with high traffic frontage.
    Where is this commercial land located?
    The property is located at 1975 SE US HWY 19 Crystal River, FL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime commercial development opportunity with high visibility: ±1.37‑acre site with approximately 130 feet of frontage on US Highway 19 and estimated traffic counts of 24,000 vehicles per day.; Flexible Urban Center–1 (UC‑1) zoning: Allows a wide range of retail, medical, financial, and service‑based uses.; High buildability and development potential: Approximately 90% buildable with excellent depth for building, parking, and retention, plus potential rear access for drive‑thru or dual‑ingress site design.
    (352) 563-8023
    We can help!
    Listing Contact
    Jeyte Gilson
    Jeyte Gilson
    Real Estate License ID: 671792
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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.

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    1975 SE US HWY 19, CRYSTAL RIVER, FL 34429
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