Crystal River Commercial
For Sale
$1,300,000
4314 N SUNCOAST Blvd, Crystal River, FL 34428
Commercial building on US-19 with flexible space and ample parking.
Property Size4,599 SF
Lot Size0.92 Acres
Price / SF$282.67
Days on Market151
Property Features for 4314 N SUNCOAST Blvd
General Information
Standard status
Active
Size
4,599 SF
Lot size
0.92 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,968
Building Details
Building Size
4,599 SF
Year Built
1986
Stories
1
Listing Agency:
KELLER WILLIAMS REALTY SMART
(239) 289-1195
Listed By:
Deana Lainhart · License #3372419
(239) 289-1195
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:24AM
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 KELLER WILLIAMS REALTY SMART
Investment Insights
Based on property information with market context.
This commercial building is located in Crystal River and offers a business opportunity. Positioned directly on US-19, the building features 4599 square feet of space, with 5 separate front entrances and flexible interior spacing. There are 3 bathrooms. The property includes more than 30 parking areas. This building offers versatility to suit a variety of business or retail needs. The property offers the space, amenities, and location for expanding a business or seeking an investment opportunity. Future possible Net Operating Income (NOI) up to $76,980/year.
Key Highlights
- Prime location directly on US‑19.
- High potential Net Operating Income (NOI) up to $76,980/year.
- Large building with 4599 square feet of flexible interior space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,427
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$968,540
$968.5K
Cap Rate 7%
$691,814
$691.8K
Cap Rate 9%
$538,078
$538.1K
Market Conditions
NOI Build-Up for 4,599 SF
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.
Gross rent
$82.8K $18.00/SF
− Vacancy
−$18.2K −$3.96/SF
EGI
$64.6K $14.04/SF
− OpEx
−$16.1K −$3.51/SF
NOI
$48.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$968,540
Cap Rate 7%
$691,814
Cap Rate 9%
$538,078
Alternative Uses
Best Use
Office B
$691.8K
$605.3K – $807.1K
NOI $48,427 @ 7.0% cap · market cap 3.73%
Second Best
Retail
$631.2K
$552.3K – $736.4K
NOI $44,185 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$1.03M
$904.2K – $1.21M
NOI $72,337 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 34428, FL
9,583
Population
5,058
Households
1.9
Avg Household Size
54
Median Age
20%
College-Educated
89%
High-School Grad
67.1 sq mi
ZIP Area
143
Density / Sq Mi
$48,185
Median Household Income
$29,589
Median Earnings
$890
Median Rent
$236,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Commercial building on US-19 with flexible space and ample parking.
Where is this office building located?
The property is located at 4314 N SUNCOAST Blvd Crystal River, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime location directly on US‑19.; High potential Net Operating Income (NOI) up to $76,980/year.; Large building with **4599 square feet** of flexible interior space.
