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Property profile & analytics
FOR LEASE
Manufacturing properties

1624 N Meadowcrest Blvd Crystal River, FL 34429

56,186 SF 7.3 ac lot Built 1984
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-5848799
Property summary
AI-generated overview

This exceptional 56,186 square foot industrial facility, situated on a 7.3-acre lot (including 2 acres of surplus land) in Crystal River, Florida, presents a compelling investment opportunity. Built in 1984 with significant renovations in 2005, 2007, 2008, and 2010, the property boasts a two-story design encompassing 45,326 square feet of warehouse/manufacturing space with impressive ceiling heights ranging from 14 to 30 feet, and a 10,860 square foot, two-story office area. The building features 12 loading docks with 5 dock-high doors, plus 2 ground-level roll-up doors, providing ample access for efficient loading and unloading. The property benefits from a robust electrical supply (up to 2000 AMPS), city water and sewer connections, and 111 parking spaces. Zoned PDR, it's approved for commercial and industrial uses, offering significant expansion potential. Strategically located 3.2 miles east of the Suncoast Parkway 2 and SR 44 interchange, this property enjoys proximity to thriving communities and benefits from the substantial growth projected for Citrus County, part of the Tampa-St. Petersburg-Clearwater MSA. The property is being delivered vacant upon closing. This is a fee-simple ownership opportunity with a Class B designation. The asking price is $3,890,000, translating to $69.23 per square foot.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1984
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 56,186 SF
Lot 7.3 ac (317,988 SF)
Zoning code PDR PLANNED DEVELOPMENT(S
APN 17E-18S-25-0040-003.0
UPID US18-5848799
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
  • Citrus County Chronicle Publishing House Newspaper & Magazine
  • Bay News 9 Newspaper & Magazine Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.70M
Comparable Approach Comparable
$4.55M
Blend (final) Blend
$5.10M
Owner & transaction history
1624 Crystal River LLC · 1 yrs held
1624 Crystal River LLC
since 2025
2 recorded transactions
2026
Price N/A
2025
$3.2M
Zoning & alternative use
PDR PLANNED DEVELOPMENT(S · Crystal River, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $7.5M +99.4%
Auto repair, garage $7.0M +87.2%
Neighborhood: shopping center $5.4M +43.7%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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