Automotive Repair Building with Roll-Up
For Sale
$450,000
853 Ne 5th St, Crystal River, FL 34429
Steel automotive repair facility with insulated ceilings, compressed air, three roll-up door bays, and an office/reception area.
Property Size2,960 SF
Price / SF$152.03
Days on Market892
Property Features for 853 Ne 5th St
General Information
Standard status
Active
Size
2,960 SF
Zoning
CH
Site & Location
Traffic Count
32,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
3
Service Bays
3
Taxes and HOA fees
Annual Taxes
$4,734
Building Details
Construction
steel
Listing Agency:
H & H Realty and Associates LLC
(352) 497-6993
Listed By:
Daniel Henry · License #3441639
(352) 789-9235
Source:
Exprealty
Added: Mar 30, 2024
Changed: Aug 21
Last Checked: Sep 6 at 2:24PM
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 H & H Realty and Associates LLC
Investment Insights
Based on property information with market context.
For sale with a lease option available (inquire for terms), this Class 2 steel automotive repair building at 853 NE 5th St in Crystal River, FL features insulated ceilings and compressed air lines throughout the enclosed space. Three 12x12 roll-up doors provide access to three bays. A separate reception area includes a half bath and an office with an ensuite bathroom, and the property also includes additional open-air and partially enclosed work space under a metal roof over concrete/asphalt.
The site offers approximately 100 feet of highway frontage with a center turn lane and high visibility on Fifth Street (aka State Road 44). Car counts are estimated at 32,000 vehicles per day, and FDOT repaving and widened sidewalks are noted as part of a “Grand Entrance” effort for the Crystal River area.
Currently used as an auto body shop, the property is described as adaptable to a range of related uses. The compressor conveys, while the lifts and frame rack do not convey.
The site offers approximately 100 feet of highway frontage with a center turn lane and high visibility on Fifth Street (aka State Road 44). Car counts are estimated at 32,000 vehicles per day, and FDOT repaving and widened sidewalks are noted as part of a “Grand Entrance” effort for the Crystal River area.
Currently used as an auto body shop, the property is described as adaptable to a range of related uses. The compressor conveys, while the lifts and frame rack do not convey.
Key Highlights
- Steel commercial building with 2,960 SF enclosed space plus almost 6,000 SF total work area (includes open air/partially enclosed area).
- Insulated ceilings and compressed air lines throughout, with compressor included; ideal for equipment‑based repair operations.
- Three 12x12 roll‑up doors providing access to three bays.
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
$28,438
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
6.32%
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%
$568,760
$568.8K
Cap Rate 7%
$406,257
$406.3K
Cap Rate 9%
$315,978
$316.0K
Market Conditions
NOI Build-Up for 2,960 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
$44.4K $15.00/SF
− Vacancy
−$3.8K −$1.28/SF
EGI
$40.6K $13.73/SF
− OpEx
−$12.2K −$4.12/SF
NOI
$28.4K $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 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%
$568,760
Cap Rate 7%
$406,257
Cap Rate 9%
$315,978
Alternative Uses
Best Use
Retail
$406.3K
$355.5K – $474.0K
NOI $28,438 @ 7.0% cap · market cap 6.32%
Second Best
Industrial
$278.6K
$243.8K – $325.0K
NOI $19,502 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$665.1K
$582.0K – $776.0K
NOI $46,557 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
3
Service bays
32,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
163k
Monthly Visits Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blue Chip Auto Glass — 715 se us hwy 19, crystal river, fl 34429
- Suncoast Auto World — 800 SE US Hwy 19, Crystal River, FL 34429
- Michael Mello Auto Repair Services — 61 NE US Hwy 19, Crystal River, FL 34429
- Maintenance & More Automotive — 120 NE US Hwy 19, Crystal River, FL 34429
- Angel's Automotive — 7870 W Gulf to Lake Hwy, Crystal River, FL 34429
Frequently Asked Questions
What type of property is this?
Auto shop - Steel automotive repair facility with insulated ceilings, compressed air, three roll-up door bays, and an office/reception area.
Where is this auto shop located?
The property is located at 853 Ne 5th St Crystal River, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Steel commercial building with 2,960 SF enclosed space plus almost 6,000 SF total work area (includes open air/partially enclosed area).; Insulated ceilings and compressed air lines throughout, with compressor included; ideal for equipment‑based repair operations.; Three 12x12 roll‑up doors providing access to three bays.
