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Executive Office Buildings on Highway 19

730-706-714 N Suncoast Boulevard Crystal River, FL 34429

730-706-714 N Suncoast Boulevard, Crystal River, FL, 34429
$870,000
For Sale
Claim this Listing
$870,000

SINGLE_FAMILY - Crystal River, FL

Property Size3,600 SF
Lot Size0.69 Acres
Price / SF$241.67
AddedOct 29, 2024
Days on Market626
Last RefreshJul 16 at 7:06 am

Property Features for 730-706-714 N Suncoast Boulevard

General Information

Property type
Residential
Property subtype
Office
Zoning
GNC
Parking features
Driveway
Interior features
HighCeilings
Exterior features
BlacktopDriveway, PavedDriveway
Standard status
Active
APN
1103789
Size
3,600 SF
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

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public

Building Details

Year built
1992
Floors in Building
1
Flooring type
Tile
Building materials
Stucco
Roof type
Tile

Listing agent Diana G Marcum License #128665

Listing office Diana G.Marcum P.A. 2228 E Hampshire St, inverness, FL

Listing date Oct 29, 2024

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 are located on US Highway 19 in Crystal River, Florida. As of March 1, 2026, the property generates an annual rent of $96,950. Building 1, encompassing 3600 square feet, is leased to the City of Crystal River. The lease term extends from March 1, 2025, through February 28, 2028, with three additional one-year option periods. The annual base rent for this building is $60,000, with a 3% annual increase. The building features a reception area, a conference room, an executive office, a break room, and multiple private offices. Building 2, with 1850 square feet, is leased to TVG NP Homecare Acquisition, INC, a home health care office. Their lease term runs from March 1, 2026, through February 28, 2029. The annual base rent is $35,150, with a 3% annual increase. The property is zoned for general commercial use. The location is near the Crystal River airport and just north of Home Depot. The 0.69-acre site has excellent access. This section of Highway just completed construction for adding an additional lane to accommodate the heavy traffic. With some renovation either building could easily accommodate a medical office or retail.

Key Highlights

  • Two executive office buildings on US Highway 19 in Crystal River, Florida
  • Building 1: 3,600 SF with reception area, conference room, break room, and multiple private offices
  • Building 1 lease (City of Crystal River): 3/01/2025–2/28/2028 with three 1‑year option periods; $60,000 annual base rent with 3% annual increases

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $64.8k $18.00
− Vacancy −$14.3k −$3.96
EGI $50.5k $14.04
− OpEx −$12.6k −$3.51
NOI $37.9k $10.53
3,600 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$541.5K
$473.9K – $631.8K (±1% cap)
NOI $37,908 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$808.9K
$707.8K – $943.7K (±1% cap)
NOI $56,624 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

FAQs

What type of property is this?
Office building - Two office buildings with existing leases and commercial zoning.
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: Two executive office buildings on US Highway 19 in Crystal River, Florida; Building 1: 3,600 SF with reception area, conference room, break room, and multiple private offices; Building 1 lease (City of Crystal River): 3/01/2025–2/28/2028 with three 1‑year option periods; $60,000 annual base rent with 3% annual increases
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