1624 N Meadowcrest Blvd Crystal River, FL 34429
Property Lookup
Property profile & analytics
1624 N Meadowcrest Blvd Crystal River, FL 34429
- Manufacturing properties
- 56,186 SF
- 7.30 lot acres
Property ID
US18-5848799
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Citrus County Chronicle / Publishing House / Newspaper & Magazine
- Bay News 9 / Newspaper & Magazine / Television Studio
Property Details for 1624 N Meadowcrest Blvd
- Year built
- 1984
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 7.30 lot acres
- Property size
- 56,186 SF
- Zone code
- PDR PLANNED DEVELOPMENT(S
- Property type
- Manufacturing properties
- APN
- 17E-18S-25-0040-003.0
- APU
- 17E18S2500400030
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,170,000
- 6.5%
- $5,695,000
- 7%
- $5,290,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,548,000
Market price range: $2.18M - $5.19M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $3,745,000 Current use
- OFFICE BUILDING
- $7,460,000 Change: +99% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $7,005,000 Change: +87% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $5,380,000 Change: +44% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Crystal River
- County
- Citrus
- State
- Florida
- Longitude
- -82.5395
- Latitude
- 28.8867
- CBSA code
- 26140
- CBSA name
- HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$49,432
$543,320
$2,734,370
$3,277,690
-
$543,320
$2,734,370
$3,277,690
