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Property profile & analytics
OFF-MARKET
Estimated value
$2,495,000
Warehouses
1 1st Pl Crystal River, FL 34429-4607
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-7131169
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1967
Construction
STEEL FRAME
Total area
20,000 SF
Lot
3.02 ac (131,595 SF)
Zoning code
CW WATERFRONT COMMERCIAL
APN
17E-18S-21-34400
UPID
US18-7131169
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Reel Florida Fishing Charters Tour Operator Travel Agency
-
Allangator Adventure Tours (Bike/Boat/Book/etc) Store
-
Crystal River Manatee Fun Tour Operator (Bike/Boat/Book/etc) Store
-
Ridin’ the Tide Charters LLC Tour Operator Travel Agency
-
Florida Bowfishing Charters Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.50M
Owner & transaction history
FRYE ONE PETE S PIER LLC
FRYE ONE PETE S PIER LLC
Zoning & alternative use
CW WATERFRONT COMMERCIAL · Crystal River, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+87.1%
Commercial (general)
$3.3M
+83.9%
Office building
$2.7M
+46.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Crystal River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crystal River submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,835,000
6.5%
$2,615,000
7%
$2,430,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,820,000
Current use
RETAIL STORES
$3,405,000
Change: +87% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,345,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$2,655,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,495,000
Change: +37% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,915,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$2.50M
Range $2.25M – $2.74M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$125 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$54,408
Tax year 2023
Assessed value
$2,873,050
Assessed 2023
Previous assessed
$2,873,050
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$2,013,100
Assessed improvement
$859,950
Land market value
$2,013,100
Improvement market value
$859,950
Total market value
$2,873,050
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Stories
1
Bathrooms
3
Total area
20,000 SF
Lot
3.02 ac (131,595 SF)
Zoning code
CW WATERFRONT COMMERCIAL
APN
17E-18S-21-34400
UPID
US18-7131169
Jurisdiction
CITRUS
Zoning & alternative use
CW WATERFRONT COMMERCIAL · Crystal River, FLZoning CW WATERFRONT COMMERCIAL · permitted uses
CW WATERFRONT COMMERCIAL · Crystal River, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
RETAIL STORES
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
4
Bathrooms
3
Lot
3.02 ac
Current owner
From public records · entity-resolved
FRYE ONE PETE S PIER LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1 SW 1ST PL, CRYSTAL RIVER, FL 34429-4607
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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