Mixed-Use Property with
940 N Suncoast BLVD CRYSTALRIVER, Crystal River, FL 34429
For Sale
Contact for pricing
Retail suites and a 52-unit storage component serve a varied group of local businesses and professional tenants.
Property Size27,600 SF
Lot Size2.36 Acres
Days on Market239
Property Features for 940 N Suncoast BLVD CRYSTALRIVER
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Mixed-Use Components
Additional Details
Self-Storage Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
CENTURY 21 J.W.MORTON R.E.
Listed By:
Elias Kirallah · License FL BK3123414
(352) 400-2635
Source:
Thefullerproperties
Added: Mar 16
Changed: Nov 8
Last Checked: Nov 8 at 5:45PM
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 R.E.
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Investment Insights
Based on property information with market context.
South Square combines retail space with a self-storage component on approximately 2.36 acres. The property was built in 1984 and includes 52 storage units alongside retail suites ranging from 720 to 3,200 square feet. Existing occupants include medical and professional offices, retailers, and beauty-service businesses, with two retail units currently vacant.
The center fronts US-19/98 for more than 400 feet, with traffic reported at +-32,000 AADT. Its mix of commercial suites and storage units brings together multiple property uses at one site.
The center fronts US-19/98 for more than 400 feet, with traffic reported at +-32,000 AADT. Its mix of commercial suites and storage units brings together multiple property uses at one site.
Key Highlights
- 52 storage units
- Retail suites range from 720 SF to 3,200 SF
- Approximately 2.36 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$265,167
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,303,340
$5.3M
Cap Rate 7%
$3,788,100
$3.8M
Cap Rate 9%
$2,946,300
$2.9M
Market Conditions
NOI Build-Up for 27,600 SF
Gross rent
$414.0K $15.00/SF
− Vacancy
−$35.2K −$1.28/SF
EGI
$378.8K $13.73/SF
− OpEx
−$113.6K −$4.12/SF
NOI
$265.2K $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%
$5,303,340
Cap Rate 7%
$3,788,100
Cap Rate 9%
$2,946,300
Alternative Uses
Best Use
Retail
$3.79M
$3.31M – $4.42M
NOI $265,167 @ 7.0% cap · market cap 7.12%
Second Best
Mixed Use
$3.69M
$3.23M – $4.31M
NOI $258,491 @ 7.0% cap · market cap 6.94%
Theoretical Best
Specialty Retail
$6.20M
$5.43M – $7.24M
NOI $434,116 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
32,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
394
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail suites and a 52-unit storage component serve a varied group of local businesses and professional tenants.
Where is this mixed-use property located?
The property is located at 940 N Suncoast BLVD CRYSTALRIVER Crystal River, FL.
What is the asking price?
The asking price for this property is $3,725,000.
What are key features of this property?
This property features: 52 storage units; Retail suites range from 720 SF to 3,200 SF; Approximately 2.36 acres
