Live-Work Property with Private
New
For Sale
$300,000
9478 W MARQUETTE, Crystal River, FL 34428
A separate residential suite and business area provide distinct spaces for living and work.
Property Size1,661 SF
Days on Market2
Property Features for 9478 W MARQUETTE
General Information
Standard status
Active
Size
1,661 SF
Property subtype
Commercial
Additional Details
Property Use
Live/Work
Taxes and HOA fees
Annual Taxes
$2,114
Building Details
Building Size
1,661 SF
Year Built
1991
Listing Agency:
Southern Realty Associates
Listed By:
Christopher Smith
(352) 613-4420
Source:
Elliman
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 4 at 2:59PM
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 Southern Realty Associates
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Investment Insights
Based on property information with market context.
Built in 1991, this live-work property combines a one-bedroom, one-bath living area with a full kitchen and a separate business area. The business space includes its own entrance, a lobby, two private offices and two additional bathrooms. A flexible room can accommodate a second bedroom, office expansion or multipurpose use.
The exterior includes a paved parking lot and disability-accessible walkways leading to the entrance. Two negotiable, air-conditioned sheds, each measuring 240 square feet, offer additional conditioned storage.
The exterior includes a paved parking lot and disability-accessible walkways leading to the entrance. Two negotiable, air-conditioned sheds, each measuring 240 square feet, offer additional conditioned storage.
Key Highlights
- One‑bedroom living area with a full kitchen and one bathroom
- Business area has a separate entrance, lobby, two private offices and two additional bathrooms
- Two negotiable air‑conditioned sheds, each 240 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,490
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,800
$349.8K
Cap Rate 7%
$249,857
$249.9K
Cap Rate 9%
$194,333
$194.3K
Market Conditions
NOI Build-Up for 1,661 SF
Gross rent
$29.9K $18.00/SF
− Vacancy
−$6.6K −$3.96/SF
EGI
$23.3K $14.04/SF
− OpEx
−$5.8K −$3.51/SF
NOI
$17.5K $10.53/SF
Area
Citrus County, FL
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,800
Cap Rate 7%
$249,857
Cap Rate 9%
$194,333
Alternative Uses
Best Use
Office B
$249.9K
$218.6K – $291.5K
NOI $17,490 @ 7.0% cap · market cap 5.83%
Second Best
Mixed Use
$222.2K
$194.5K – $259.3K
NOI $15,556 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$373.2K
$326.6K – $435.4K
NOI $26,126 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
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Business Placement
Demographics for 34428, FL
9,583
Population
5,058
Households
1.9
Avg Household Size
54
Median Age
20%
College-Educated
89%
High-School Grad
67.1 sq mi
ZIP Area
143
Density / Sq Mi
$48,185
Median Household Income
$29,589
Median Earnings
$890
Median Rent
$236,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - A separate residential suite and business area provide distinct spaces for living and work.
Where is this live-work space located?
The property is located at 9478 W MARQUETTE Crystal River, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: One‑bedroom living area with a full kitchen and one bathroom; Business area has a separate entrance, lobby, two private offices and two additional bathrooms; Two negotiable air‑conditioned sheds, each 240 square feet
