Office Building with
For Sale
$2,450,000
268 S Suncoast Blvd, Crystal River, FL 34429
Commercial Sale, Crystal River, FL
Property Size7,585 SF
Lot Size2.29 Acres
Price / SF$323.01
Days on Market95
Property Features for 268 S Suncoast Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
Exterior features
Generator
High school district
000000
Standard status
Active
APN
000000-000.000-0000-000.000
Lot size
2.29 Acres
Additional Details
Property Use
Office
Building Details
Year built
1990
Flooring type
Hardwood
Buildings
1
Listing Agency:
GAILEY ENTERPRISES REAL ESTATE
Listed By:
Rhonda Gailey · License #3395648
(352) 897-2018
Added: Aug 3
Changed: Nov 3
Last Checked: Nov 5 at 1:06AM
MLS# 11925013
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on 2.29 acres, this freestanding office property contains 7,585 square feet arranged across approximately 19 rooms. The interior includes private offices, larger rooms suited to meetings or training, two reception areas, storage rooms, and five restrooms. Hardwood flooring, custom cabinetry, built-ins, detailed millwork, and a generator are among the building features. Constructed in 1990, the property has more than 25 private parking spaces and Commercial GNC zoning.
The site fronts US Highway 19, also known as Suncoast Boulevard, with approximately 200 feet along the highway. The Suncoast Parkway/State Road 589 is about six miles away, and Crystal River Airport is approximately two minutes from the property.
The site fronts US Highway 19, also known as Suncoast Boulevard, with approximately 200 feet along the highway. The Suncoast Parkway/State Road 589 is about six miles away, and Crystal River Airport is approximately two minutes from the property.
Key Highlights
- 7,585‑square‑foot freestanding office building with approximately 19 rooms
- 2.29‑acre site with approximately 200 feet of frontage on US Highway 19/Suncoast Boulevard
- Commercial GNC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,870
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,597,400
$1.6M
Cap Rate 7%
$1,141,000
$1.1M
Cap Rate 9%
$887,444
$887.4K
Market Conditions
NOI Build-Up for 7,585 SF
Gross rent
$136.5K $18.00/SF
− Vacancy
−$30.0K −$3.96/SF
EGI
$106.5K $14.04/SF
− OpEx
−$26.6K −$3.51/SF
NOI
$79.9K $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%
$1,597,400
Cap Rate 7%
$1,141,000
Cap Rate 9%
$887,444
Alternative Uses
Best Use
Office B
$1.14M
$998.4K – $1.33M
NOI $79,870 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.99M
NOI $119,303 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A 19-room commercial property offers a flexible interior, on-site parking, and Commercial GNC zoning.
Where is this office building located?
The property is located at 268 S Suncoast Blvd 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: 7,585‑square‑foot freestanding office building with approximately 19 rooms; 2.29‑acre site with approximately 200 feet of frontage on US Highway 19/Suncoast Boulevard; Commercial GNC zoning
