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Freestanding Office Building
New
For Sale
$2,450,000

268 S SUNCOAST Boulevard, Crystal River, FL 34429

SINGLE_FAMILY - CRYSTAL RIVER, FL

Property Size7,585 SF
Lot Size2.29 Acres
Price / SF$322.54
Days on Market1

Property Features for 268 S SUNCOAST Boulevard

General Information

Property type Residential
Property subtype Office
Zoning GNC
Window features Double Pane Windows
Subdivision AUNGUST UNREC AKA KIMBERLY ESTATES UNREC
Directions 75 - South toward Tampa Take Exit 350 onto SR-200 toward Dunnellon Keep right onto SR-200 west toward Dunnellon- Turn (r) onto N Lecanto Hwy - Turn (r) onto W Norvell Bryant Hwy, Turn (R) onto W Venable St. Turn (L) onto N Suncoast Blvd Turn (r) Destination is on left.
Standard status Active
APN 17E-19S-03-0000-43310-0010
Size 7,596 SF
Lot size 2.29 Acres

Taxes and HOA fees

Tax Year 2025
Tax 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
Tax Annual Amount 15428
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

Utilities

Sewer type Septic Tank
Heating system Electric (Heating), Central
Cooling system Central Air
Water source Public

Building Details

Year built 1990
Floors in Building 2
Flooring type Carpet, Tile - Ceramic
Building materials Block, Concrete, Stucco
Listing Agency: GAILEY ENTERPRISES REAL ESTATE
Listed By: Rhonda Gailey · License #3395648
Added: Aug 4 Last Checked: Aug 4 at 10:06PM
MLS# OM729724

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.

Investment Insights

Based on property information with market context.

This freestanding office property sits on 2.29 acres and includes approximately 19 rooms arranged around multiple private offices, larger meeting or training rooms, two reception areas, storage rooms, and five restrooms. Upgraded flooring, custom wood cabinetry, built-ins, and detailed millwork add defined finish throughout the interior. Central air, electric heat, public water, and a septic tank serve the building, which was constructed in 1990.

The property fronts approximately 200 feet along US Highway 19, also known as Suncoast Boulevard, and provides more than 25 private parking spaces. Commercial GNC zoning supports a range of potential uses subject to Citrus County approval, including professional or medical office operations, corporate headquarters, financial services, training, and showroom applications. Suncoast Parkway/State Road 589 is approximately six miles away, while Crystal River Airport is approximately two minutes from the property.

Key Highlights

  • 2.29‑acre commercial office property
  • Approximately 200 feet of frontage along US Highway 19/Suncoast Boulevard
  • 7,585‑square‑foot freestanding office building with approximately 19 rooms

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 $197.8k $26.04
− Vacancy −$20.8k −$2.73
EGI $177.0k $23.31
− OpEx −$70.8k −$9.32
NOI $106.2k $13.98
7,596 SF · lease $26.04/SF/yr · vacancy 10.50% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$1.52M
$1.33M – $1.77M (±1% cap)
NOI $106,219 @ 7.0% cap · market cap 4.34%
Second Best
Office B
$1.14M
$999.8K – $1.33M (±1% cap)
NOI $79,986 @ 7.0% cap · market cap 3.26%
Theoretical Best
Specialty Retail
$1.71M
$1.49M – $1.99M (±1% cap)
NOI $119,476 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Site One Facilities ... Landscaping Foundation For-Advancement-Msmrcn Charitable Organization LSR Management Inc Business Management Consultant

Suggested Use

Top Pick Law Firm HVAC Service Storage Facility Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

998
Businesses Nearby

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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Flexible commercial office property with private rooms, reception areas, storage, and highway exposure.
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 commercial office property; Approximately 200 feet of frontage along US Highway 19/Suncoast Boulevard; 7,585‑square‑foot freestanding office building with approximately 19 rooms
More about this property
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