Crystal River Auto Service
For Sale
Contact for pricing
6680 W Gulf to Lake Hwy, Crystal River, FL 34429
Mixed-use retail and auto service/flex warehouse on high-traffic highway.
Property Size6,523 SF
Lot Size0.99 Acres
Price / SF$84.32
Days on Market188
Property Features for 6680 W Gulf to Lake Hwy
General Information
Standard status
Active
Size
6,523 SF
Class
C
Total Parking Spaces
16
Lot size
0.99 Acres
Property subtype
Mixed Use, Retail
Zoning
GNC
Building Details
Year Built
1983
Year Renovated
2000
Buildings
1
Stories
1
Units
1
Listing Agency:
Century 21 J W Morton Real Estate Inc
(352) 400-2635
Listed By:
Elias George Kirallah · License #BK3123414
Source:
Crexi
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 8 at 2:52PM
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 Century 21 J W Morton Real Estate Inc
Investment Insights
Based on property information with market context.
Located on W Gulf to Lake Highway (SR 44) in Crystal River, this mixed-use retail and auto service/flex warehouse facility benefits from high exposure in a heavily traveled commercial corridor. The property sits near the signalized intersection of CR 486 and SR 44, with a combined traffic influence of approximately 35,400 vehicles per day. The single-story, 6,523 SF facility is situated on an approximately 0.99-acre commercial parcel, featuring 135 feet of frontage on SR 44. The front building includes 1,258 SF of retail/office space and a 450 SF single-service garage/storage bay, connected to an additional 765 SF of warehouse/workspace, totaling 2,023 SF. Behind the main building is a dedicated 4,500 SF auto service garage/flex warehouse space, equipped with four wide grade-level roll-up doors with pull-through functionality, a 15’ clear ceiling height, and both single-phase and three-phase electrical panels. The surrounding area includes national retailers, service providers, and essential infrastructure, such as Walmart Supercenter, Publix, and Lowe’s. The property is suitable for owner-users, service-based operators, or value-add investors seeking functional mixed-use improvements. The location is ideal for retail, office, contractor operations, showroom, or hybrid service concepts, as well as automotive, light industrial, fabrication, logistics, and equipment-based users.
Key Highlights
- High‑traffic location on W Gulf to Lake Highway (SR 44) with approximately 35,400 vehicles per day.
- Mixed‑use facility featuring retail/office, service garage/storage, and warehouse/workspace.
- Auto service/flex warehouse with four grade‑level roll‑up doors and 15’ clear ceiling height.**
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
$47,406
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
8.62%
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%
$948,120
$948.1K
Cap Rate 7%
$677,229
$677.2K
Cap Rate 9%
$526,733
$526.7K
Market Conditions
NOI Build-Up for 6,523 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
$58.7K $9.00/SF
− Vacancy
−$2.9K −$0.45/SF
EGI
$55.8K $8.55/SF
− OpEx
−$8.4K −$1.28/SF
NOI
$47.4K $7.27/SF
Area
Citrus County, FL
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$948,120
Cap Rate 7%
$677,229
Cap Rate 9%
$526,733
Alternative Uses
Best Use
Retail
$895.3K
$783.4K – $1.04M
NOI $62,670 @ 7.0% cap · market cap 11.39%
Second Best
Mixed Use
$872.7K
$763.7K – $1.02M
NOI $61,092 @ 7.0% cap · market cap 11.11%
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,599 @ 7.0% cap · market cap 18.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use retail and auto service/flex warehouse on high-traffic highway.
Where is this mixed-use property located?
The property is located at 6680 W Gulf to Lake Hwy Crystal River, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High‑traffic location on W Gulf to Lake Highway (SR 44) with approximately 35,400 vehicles per day.; Mixed‑use facility featuring retail/office, service garage/storage, and warehouse/workspace.; Auto service/flex warehouse with four grade‑level roll‑up doors and 15’ clear ceiling height.**
