Executive Office Buildings on Highway
730-706-714 N Suncoast Boulevard, Crystal River, FL 34429
SINGLE_FAMILY - Crystal River, FL
Type:Office
Property size:
3,600 SFLot size:
0.69 AcresPrice / SF:
$241/SF- Added:
- Oct 29, 2024
- Days on Market:
- 581
- Last Refresh:
- Jun 1 at 5:06 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
- Central, Electric (Heating)
- 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 (352) 341-0900
Listing office Diana G.Marcum P.A. 2228 E Hampshire St, inverness, FL (352) 341-0900
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.
HighLights
- $96,950.00 annual rent as of 3/1/2026 from two tenants.
- Long‑term leases in place with established tenants: City of Crystal River and TVG NP Homecare Acquisition, INC.
- Leases include 3% annual rent increases.
- Located on US Highway 19 with excellent access and high traffic volume.
- Zoned general commercial, suitable for medical office or retail with renovation.
- Building (1) has option periods of (1 year each) for lease renewal.
Overview
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.
Local Financial Insights For Healthcare Medical
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 | $93.7k | $26.04 |
| − Vacancy | −$9.8k | −$2.73 |
| EGI | $83.9k | $23.31 |
| − OpEx | −$33.6k | −$9.32 |
| NOI | $50.3k | $13.98 |
3,600 SF · lease $26.04/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$719.2K
$629.3K – $839.0K
NOI $50,341 @ 7.0% cap · market cap 5.79%
Second Best
Office B
$541.5K
$473.9K – $631.8K
NOI $37,908 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$808.9K
$707.8K – $943.7K
NOI $56,624 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Crystal River
- County
- Citrus
- State
- Florida
- Longitude
- -82.580141
- Latitude
- 28.87227
Nearby Similar for Sale
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: $96,950.00 annual rent as of 3/1/2026 from two tenants.; Long‑term leases in place with established tenants: City of Crystal River and TVG NP Homecare Acquisition, INC.; Leases include 3% annual rent increases.
