Two-Executive Office
For Sale
$870,000
730-706-714 N Suncoast Boulevard, Crystal River, FL 34429
COMMERCIAL - Crystal River, FL
Property Size5,450 SF
Lot Size0.69 Acres
Price / SF$159.63
Days on Market671
Property Features for 730-706-714 N Suncoast Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
GNC
Parking features
Driveway
Interior features
HighCeilings
Exterior features
BlacktopDriveway, PavedDriveway
Subdivision
Not on List
Lot features
Flat, Multiple Lots
Directions
Hwy 19 on right (West side of 19) just before light at Venable Street
Standard status
Active
APN
1103789
Lot size
0.69 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Citrus county Florida property appraiser alt key 1103789
Tax Annual Amount
9692
Legal Description
Citrus county Florida property appraiser alt key 1103789
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1992
Floors in Building
1
Flooring type
Tile
Building materials
Stucco
Roof type
Tile
Listing Agency:
Diana G.Marcum P.A.
(352) 341-0900
Listed By:
Diana G Marcum · License #128665
(352) 341-0900
Added: Oct 29, 2024
Changed: Aug 19
Last Checked: Aug 30 at 4:06PM
MLS# 838565
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two executive office buildings offering reception, conference, break, and multiple private office areas, plus high ceilings and tile flooring. Building 1 is 3,600 square feet and is leased to the City of Crystal River on a term of 3/01/2025 through 2/28/2028, with three additional option periods of one year each. Building 2 is 1,850 square feet and is leased to TVG NP Homecare Acquisition, INC on a term of 3/1/2026 through 2/28/2029.
The property is located on US Highway 19 in Crystal River, Florida, positioned near the Crystal River airport and just north of Home Depot. This section of the highway recently completed construction to add an additional lane to accommodate heavy traffic. The property is zoned GNC and has blacktop/paved driveways and parking via driveway.
With some renovation, either building could accommodate a medical office or retail use. The buildings are supported by public water and public sewer, and feature central heating and central air conditioning with electric systems, along with stucco exterior materials and a tile roof.
The property is located on US Highway 19 in Crystal River, Florida, positioned near the Crystal River airport and just north of Home Depot. This section of the highway recently completed construction to add an additional lane to accommodate heavy traffic. The property is zoned GNC and has blacktop/paved driveways and parking via driveway.
With some renovation, either building could accommodate a medical office or retail use. The buildings are supported by public water and public sewer, and feature central heating and central air conditioning with electric systems, along with stucco exterior materials and a tile roof.
Key Highlights
- Zoned GNC with public water and public sewer
- Building 1: 3,600 SF leased to City of Crystal River, 3/01/2025–2/28/2028 with three 1‑year option periods
- Building 2: 1,850 SF leased to TVG NP Homecare Acquisition, INC, 3/1/2026–2/28/2029
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
$76,210
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
8.76%
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%
$1,524,200
$1.5M
Cap Rate 7%
$1,088,714
$1.1M
Cap Rate 9%
$846,778
$846.8K
Market Conditions
NOI Build-Up for 5,450 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
$141.9K $26.04/SF
− Vacancy
−$14.9K −$2.73/SF
EGI
$127.0K $23.31/SF
− OpEx
−$50.8K −$9.32/SF
NOI
$76.2K $13.98/SF
Area
Citrus County, FL
Vacancy
10.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
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%
$1,524,200
Cap Rate 7%
$1,088,714
Cap Rate 9%
$846,778
Alternative Uses
Best Use
Healthcare Medical
$1.09M
$952.6K – $1.27M
NOI $76,210 @ 7.0% cap · market cap 8.76%
Second Best
Office B
$819.8K
$717.4K – $956.5K
NOI $57,389 @ 7.0% cap · market cap 6.60%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,722 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
276
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two executive office buildings in zoning GNC with public water and sewer and central electric HVAC
Where is this office building located?
The property is located at 730-706-714 N Suncoast Boulevard Crystal River, FL.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Zoned GNC with public water and public sewer; Building 1: 3,600 SF leased to City of Crystal River, 3/01/2025–2/28/2028 with three 1‑year option periods; Building 2: 1,850 SF leased to TVG NP Homecare Acquisition, INC, 3/1/2026–2/28/2029
