Freestanding Office Building with Highway
268 S SUNCOAST BOULEVARD, Crystal River, FL 34429
For Sale
$2,450,000
Zoned Commercial GNC with a flexible layout, private offices, reception areas, storage, and parking for a range of business operations.
Property Size7,585 SF
Lot Size2.29 Acres
Price / SF$247.18
Days on Market98
Property Features for 268 S SUNCOAST BOULEVARD
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Amenities
2.29 acres, Dimensions: 200x500, Wooded
Septic Tank
Additional parcels description:, Parcel Number: 17E-19S-03-0000-43310-0010, Public Survey Range: 17E, Public Survey Section: 3, Annual Amount: $15,427.9, Tax Block: 43310, Tax Book Number: 0/0, Legal Description: COM AT SW COR OF NW1/4 OF NW1/4 FOR A PT OF REF: TH N 89 DEG47M 39S E AL S LN OF NW1/4 OF NW1/4 738.38 FT TO CONCRETE MONUMENT & POB. TH CONT N 89 DEG 47M 39S E AL S LN A DIST OF500 FT TO A CONCRETE MONUMENT ON THE W R/W LN OF US HWY 19,TH S 0 DEG 1M 21S W AL W R/W LN 200 FT TO A CONRETE MONUMENTTH LEAVING SD W R/W LN RUN S 89 DEG 47M 39S W PAR TO S LN OF NW1/4 OF NW1/4 500 FT TO A CONCRETE MONUMENT, TH N 0 DEG 1M 21S E PAR TO SD W R/W LN A DIST OF 200 FT TO POB DESC IN OR BK 806 PG 125, Lot: 10, Year: 2025, Zoning: GNC
Carpet, Ceramic Tile
Central Air
Central, Electric
Listing ID: MFROM729724, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-08-04, Special Conditions: None
Double Pane Windows
Built in 1990, Living area: 7596, Living area units: Square Feet, 2 stories, Levels: Two, Construction Materials: Block, Concrete, Stucco
Subdivision: AUNGUST UNREC AKA KIMBERLY ESTATES UNREC, MLS Area (Major): 34429 - Crystal River, County/Parish: Citrus
Water Source: Public, Generator
Block
Frontage Type: County Road, Road Surface: Paved
Building Details
Year Built
Buildings
Building Size
Listing Agency:
GAILEY ENTERPRISES REAL ESTATE
(770) 733-2596
Listed By:
Richard Gailey · License #3397595
(678) 923-0007
Source:
Miharaandassociates
Added: Aug 4
Changed: Nov 8
Last Checked: Nov 8 at 7:00AM
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 GAILEY ENTERPRISES REAL ESTATE
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Investment Insights
Based on property information with market context.
This freestanding office building, constructed in 1990, contains approximately 7,585 square feet arranged across approximately 19 rooms. The interior includes private offices, larger rooms suitable for conferences or training, two reception or lobby areas, storage rooms, five restrooms, upgraded flooring, custom wood cabinetry, built-ins, and detailed millwork. More than 25 private parking spaces serve the property.
The site encompasses 2.29 acres with approximately 200 feet along US Highway 19/Suncoast Boulevard in Crystal River. Commercial GNC zoning and Citrus County approval support potential use for corporate headquarters, professional or medical offices, a financial institution, showroom, brokerage, training facility, or other commercial operations. Suncoast Parkway/State Road 589 is approximately six miles away, and Crystal River Airport is approximately two minutes from the property.
The site encompasses 2.29 acres with approximately 200 feet along US Highway 19/Suncoast Boulevard in Crystal River. Commercial GNC zoning and Citrus County approval support potential use for corporate headquarters, professional or medical offices, a financial institution, showroom, brokerage, training facility, or other commercial operations. Suncoast Parkway/State Road 589 is approximately six miles away, and Crystal River Airport is approximately two minutes from the property.
Key Highlights
- 2.29‑acre office property with approximately 200 feet of US Highway 19 frontage
- Approximately 7,585‑square‑foot freestanding office building
- Approximately 19 rooms, including private offices and larger conference or training rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,373
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,087,460
$2.1M
Cap Rate 7%
$1,491,043
$1.5M
Cap Rate 9%
$1,159,700
$1.2M
Market Conditions
NOI Build-Up for 9,912 SF
Gross rent
$178.4K $18.00/SF
− Vacancy
−$39.3K −$3.96/SF
EGI
$139.2K $14.04/SF
− OpEx
−$34.8K −$3.51/SF
NOI
$104.4K $10.53/SF
Area
Citrus County, FL
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,087,460
Cap Rate 7%
$1,491,043
Cap Rate 9%
$1,159,700
Alternative Uses
Best Use
Office B
$1.49M
$1.30M – $1.74M
NOI $104,373 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $155,904 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
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Business Placement
Demographics for 34429, FL
8,837
Population
5,458
Households
1.6
Avg Household Size
60
Median Age
25%
College-Educated
90%
High-School Grad
41.4 sq mi
ZIP Area
213
Density / Sq Mi
$57,716
Median Household Income
$36,577
Median Earnings
$1,070
Median Rent
$220,300
Median Home Value
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Market
Properties on Market for Office buildings in Citrus County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Zoned Commercial GNC with a flexible layout, private offices, reception areas, storage, and parking for a range of business operations.
Where is this office building located?
The property is located at 268 S SUNCOAST BOULEVARD Crystal River, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 2.29‑acre office property with approximately 200 feet of US Highway 19 frontage; Approximately 7,585‑square‑foot freestanding office building; Approximately 19 rooms, including private offices and larger conference or training rooms
