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    91 Us Highway 19 Crystal River, FL 34429

    Sponsored
    For Sale
    $1,609,200

    High-yield, net-lease retail property.

    Property size:
    4,163 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple, single-tenant retail property located at 91 NE US Hwy 19, Crystal River, FL 34429. The 4,163 square foot building, fully renovated in 2023, sits on a 0.44-acre lot and is currently 100% occupied by Green Dragon Cannabis under a net lease. The lease, initiated July 7th, 2023, features a 10-year initial term with a favorable 3% annual rent increase, minimizing landlord responsibilities for operating and capital expenditures. The property boasts a strong 7.00% cap rate and a substantial NOI of $112,644, with an asking price of $1,609,200 ($386.55/sq ft). The strategic location at the southeast corner of Suncoast Blvd (US Hwy 19) and NE 1st Street benefits from high visibility and significant traffic, with a combined AADT of 27,500. Green Dragon Cannabis, a well-established operator with 31 Florida locations, ensures a stable and reliable income stream. This is a prime retail investment in a thriving Florida market. The property is a single-story building.

    Property Features for 91 Us Highway 19

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,163 SF
    Lot Size
    19,166 SF

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    1

    HighLights

    • Net lease with minimal landlord responsibilities.
    • Fully renovated 4,163 SF building opened in 2023.
    • Ten‑year initial lease term with 3% annual rent increases.
    • Prime Crystal River retail location at US Hwy 19 & NE 1st Street, high traffic area (27,500 AADT).
    • 100% occupied by Green Dragon Cannabis, a multi‑state operator with 31 Florida locations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Green Dragon Dispensary ... Cannabis Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.584564829358
    Latitude
    28.89556388642

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, net-lease retail property.
    Where is this individual retail property located?
    The property is located at 91 Us Highway 19 Crystal River, FL.
    What is the asking price?
    The asking price for this property is $1,609,200.
    What are key features of this property?
    This property features: Net lease with minimal landlord responsibilities.; Fully renovated 4,163 SF building opened in 2023.; Ten-year initial lease term with 3% annual rent increases.
    Request Owner's contact information
    91 Us Highway 19 Crystal River, FL 34429
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    Crystal River, FL 34429
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    91 Us Highway 19 Crystal River, FL 34429
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