Seven-Tenant Strip
787 NE 5th ST CRYSTALRIVER, Crystal River, FL 34429
For Sale
Contact for pricing
Seven businesses occupy a retail property in Crystal River's historic district.
Property Size9,376 SF
Days on Market536
Property Features for 787 NE 5th ST CRYSTALRIVER
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
LPT REALTY, LLC
Listed By:
Benjamin Plockelman · License FL #3083005
(352) 613-3991
Source:
Thefullerproperties
Added: May 26, 2025
Changed: Nov 12
Last Checked: Nov 10 at 1:46PM
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 LPT REALTY, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The retail property is configured as a strip center and has seven tenants. The building dates to 1976.
Located in Crystal River's historic district, the property is a short distance from the junction of Highway 19 and Highway 44.
Located in Crystal River's historic district, the property is a short distance from the junction of Highway 19 and Highway 44.
Key Highlights
- Seven tenants occupy the strip center
- Building constructed in 1976
- Located in Crystal River's historic district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,080
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,801,600
$1.8M
Cap Rate 7%
$1,286,857
$1.3M
Cap Rate 9%
$1,000,889
$1.0M
Market Conditions
NOI Build-Up for 9,376 SF
Gross rent
$140.6K $15.00/SF
− Vacancy
−$12.0K −$1.28/SF
EGI
$128.7K $13.73/SF
− OpEx
−$38.6K −$4.12/SF
NOI
$90.1K $9.61/SF
Area
Citrus County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,801,600
Cap Rate 7%
$1,286,857
Cap Rate 9%
$1,000,889
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.50M
NOI $90,080 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,474 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
163k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 26%
Home Improvements & Furnishings 4%
Hotels & Casinos 1%
Wawa
Shops & Services
51,855 visits/mo
0.4 miles
RaceTrac
Shops & Services
31,031 visits/mo
0.2 miles
Wendy's
Dining
17,473 visits/mo
0.5 miles
Taco Bell
Dining
15,079 visits/mo
0.5 miles
Suncoast Credit Union
Shops & Services
13,047 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
Frequently Asked Questions
What type of property is this?
Strip mall - Seven businesses occupy a retail property in Crystal River's historic district.
Where is this strip mall located?
The property is located at 787 NE 5th ST CRYSTALRIVER Crystal River, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Seven tenants occupy the strip center; Building constructed in 1976; Located in Crystal River's historic district
