Mixed-Use Retail and Auto
For Sale
Contact for pricing
6680 W Gulf To Lake Hwy, Crystal River, FL 34429
Single-story mixed-use retail and auto service/flex warehouse sits on a commercial parcel with 135 feet of frontage on SR 44.
Property Size6,523 SF
Lot Size0.99 Acres
Price / SF$80.48
Days on Market15
Property Features for 6680 W Gulf To Lake Hwy
General Information
Standard status
Active
Size
6,523 SF
Lot size
0.99 Acres
Property subtype
INDUSTRIAL
Site & Location
Traffic Count
35,400 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Stories
1
Building Size
6,523 SF
Listing Agency:
CENTURY 21 J W Morton Real Estate, Inc.
(352) 400-2635
Listed By:
Elias George Kirallah · License #3123414
(352) 400-2635
Source:
Moodyscre
Added: Jul 23
Changed: Jul 29
Last Checked: Jul 29 at 5:49AM
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.
The property is a mixed-use retail and auto service/flex warehouse facility in a single-story layout. It comprises approximately 6,523 square feet and sits on an approximately 0.99-acre commercial parcel, offering 135 feet of frontage along SR 44 with visibility and signage opportunity.
Located directly on W Gulf to Lake Highway (SR 44), the asset benefits from heavy traffic, with SR 44 carrying an estimated 17,500 AADT. The property is also near the signalized intersection of CR 486 + SR 44, which the remarks note contributes an additional 17,900 AADT for a combined traffic influence of approximately 35,400 vehicles per day.
This configuration supports owner-user and service-oriented uses as well as investors seeking functional mixed-use improvements in a retail and commuter corridor.
Located directly on W Gulf to Lake Highway (SR 44), the asset benefits from heavy traffic, with SR 44 carrying an estimated 17,500 AADT. The property is also near the signalized intersection of CR 486 + SR 44, which the remarks note contributes an additional 17,900 AADT for a combined traffic influence of approximately 35,400 vehicles per day.
This configuration supports owner-user and service-oriented uses as well as investors seeking functional mixed-use improvements in a retail and commuter corridor.
Key Highlights
- Mixed‑use retail and auto service/flex warehouse on a 0.99‑acre commercial parcel in Crystal River.
- Single‑story building offers approx. 6,523 SF of flexible retail/auto service and service/warehouse space.
- 135 feet of frontage on SR 44 (W Gulf to Lake Highway) with signage opportunity.
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
$42,977
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
8.19%
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%
$859,540
$859.5K
Cap Rate 7%
$613,957
$614.0K
Cap Rate 9%
$477,522
$477.5K
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
$65.0K $9.96/SF
− Vacancy
−$3.6K −$0.55/SF
EGI
$61.4K $9.41/SF
− OpEx
−$18.4K −$2.82/SF
NOI
$43.0K $6.59/SF
Area
Citrus County, FL
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
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%
$859,540
Cap Rate 7%
$613,957
Cap Rate 9%
$477,522
Alternative Uses
Best Use
Flex RnD
$1.07M
$934.5K – $1.25M
NOI $74,762 @ 7.0% cap · market cap 14.24%
Second Best
Retail
$895.3K
$783.4K – $1.04M
NOI $62,670 @ 7.0% cap · market cap 11.94%
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,599 @ 7.0% cap · market cap 19.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
35,400 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Single-story mixed-use retail and auto service/flex warehouse sits on a commercial parcel with 135 feet of frontage on SR 44.
Where is this flex space 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 $525,000.
What are key features of this property?
This property features: Mixed‑use retail and auto service/flex warehouse on a 0.99‑acre commercial parcel in Crystal River.; Single‑story building offers approx. 6,523 SF of flexible retail/auto service and service/warehouse space.; 135 feet of frontage on SR 44 (W Gulf to Lake Highway) with signage opportunity.
