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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Banks
1039 5th St Crystal River, FL 34429-4519
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-2551115
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,500 SF
Lot
1.41 ac (61,507 SF)
Zoning code
CH HIGH INTENSITY COMMERC
APN
17E-18S-22-13330-002.0
UPID
US18-2551115
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
-
Suncoast Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
Bellatrix Land LLC · 1 yrs held
Bellatrix Land LLC
since 2025
Last sale
$775,000
4 recorded transactions
Zoning & alternative use
CH HIGH INTENSITY COMMERC · Crystal River, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$965,000
+150.5%
Office building
$650,000
+68.8%
Retail stores
$570,000
+48.0%
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
$720,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$965,000
Change: +151% · Conversion: Difficult
OFFICE BUILDING
$650,000
Change: +69% · Conversion: Difficult
RETAIL STORES
$570,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$555,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$510,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $775k (Aug 21 2020)
Last sale anchor
$775k
Aug 21 2020
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
$172 / 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
$18,750
Tax year 2023
Assessed value
$895,267
Assessed 2023
Previous assessed
$811,648
+10.3% YoY
Effective rate
2.09%
On assessed value
Assessed land
$225,930
Assessed improvement
$669,337
Land market value
$225,930
Improvement market value
$669,337
Total market value
$895,267
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
4,500 SF
Lot
1.41 ac (61,507 SF)
Zoning code
CH HIGH INTENSITY COMMERC
APN
17E-18S-22-13330-002.0
UPID
US18-2551115
Jurisdiction
CITRUS
Zoning & alternative use
CH HIGH INTENSITY COMMERC · Crystal River, FL
Zoning CH HIGH INTENSITY COMMERC · permitted uses
CH HIGH INTENSITY COMMERC · Crystal River, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crystal River. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$965,000
OFFICE BUILDING
Est. value
$650,000
RETAIL STORES
Est. value
$570,000
MEDICAL BUILDING
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$510,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.41 ac
Current owner
From public records · entity-resolved
Bellatrix Land LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6801 E HILLSBOROUGH AVE, TAMPA, FL 33610-4110
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2025
—
Bellatrix Land LLC
Dallas Owens
Deed
—
Aug 21, 2020
$775,000
Suncoast Cu
Insight Cu
Warranty Deed
—
Jul 6, 2016
$850,000
Insight FCU
Old Fl Natl Bk
Grant Deed
—
Feb 24, 2006
$350,000
South Bank Of Florida
Fitzpatrick,patrick
Warranty Deed
—
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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