Retail Space in Crystal
For Sale
$899,000
6601 West Gulf to Lake Highway Crystal, Crystal River, FL 34429
Adaptable retail space with existing fixtures and ample parking.
Property Size3,786 SF
Price / SF$237.45
Days on Market323
Property Features for 6601 West Gulf to Lake Highway Crystal
General Information
Standard status
Active
Size
3,786 SF
Class
B
Total Parking Spaces
30
Property subtype
Retail - Commercial/Other
Zoning
GNC
Building Details
Building Size
3,786 SF
Year Built
1971
Listing Agency:
RE/MAX
(727) 403-5611
Listed By:
Mark Ganier · License #201
(727) 403-5611
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:43AM
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 RE/MAX
Investment Insights
Based on property information with market context.
Located in Crystal River, this 3,786 square foot property on a 1.67-acre lot is suitable for a restaurant, liquor store, or similar retail outlet. The property features existing coolers and display shelving from a prior liquor store business, making it adaptable for various uses. It benefits from prominent signage on State Road 44 and ample parking. The current owner will consider leasing the property at $5,900 monthly plus CAM charges as an alternative to purchase.
Key Highlights
- Excellent signage on State Road 44.
- Located in Crystal River, suitable for restaurant, liquor store, or retail.
- Large 1.67‑acre lot with ample parking.
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
$59,549
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
6.62%
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%
$1,190,980
$1.2M
Cap Rate 7%
$850,700
$850.7K
Cap Rate 9%
$661,656
$661.7K
Market Conditions
NOI Build-Up for 3,786 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
$83.1K $21.96/SF
− Vacancy
−$3.7K −$0.99/SF
EGI
$79.4K $20.97/SF
− OpEx
−$19.8K −$5.24/SF
NOI
$59.5K $15.73/SF
Area
Citrus County, FL
Vacancy
4.50%
Lease Rate
$21.96 /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%
$1,190,980
Cap Rate 7%
$850,700
Cap Rate 9%
$661,656
Alternative Uses
Best Use
Specialty Retail
$850.7K
$744.4K – $992.5K
NOI $59,549 @ 7.0% cap · market cap 6.62%
Second Best
Retail
$519.6K
$454.7K – $606.2K
NOI $36,374 @ 7.0% cap · market cap 4.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
76k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 59%
Shops & Services 25%
Dining 15%
Beauty & Spa 2%
Publix
Groceries
44,379 visits/mo
0.4 miles
Dollar General
Shops & Services
7,289 visits/mo
0.5 miles
Jersey Mike's Subs
Dining
5,855 visits/mo
0.4 miles
Beef 'O' Brady's
Dining
5,260 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,478 visits/mo
0.3 miles
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 Retail 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?
Retail space - Adaptable retail space with existing fixtures and ample parking.
Where is this retail space located?
The property is located at 6601 West Gulf to Lake Highway Crystal Crystal River, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Excellent signage on State Road 44.; Located in Crystal River, suitable for restaurant, liquor store, or retail.; Large 1.67‑acre lot with ample parking.
