Financial
Distress signals
Property profile

1624 N Meadowcrest Blvd 2 Crystal River, FL 34429

FOR LEASE
Manufacturing properties
Property ID
US18-5848799
56,186 SF 7.3 ac lot Built 1984
Last sale Mar 2025 · $3,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$49k
Tax billed · 2023
Assessed value$3.28M
Assessed land$543k
Assessed improvement$2.73M
Effective rate1.51%

Value estimate

· Sep 2026
$5.10M
$4.59M – $5.60M
CAP approach$5.70M
Sales comparison$4.55M
NOI build-up
Gross scheduled income$116k
Vacancy & credit loss−$25k
Operating expenses−$23k
NOI · 615,527.27% cap applied$68k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$67/SF
County average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$39 – $92

Cap rate analysis

How does the asset earn?
615,527.27%
$68k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PDR PLANNED DEVELOPMENT(S
JurisdictionCITRUS

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant16.5
Auto Parts Store12.9
Wholesale Shop12.4

Location

1624 N Meadowcrest Blvd, Unit 2 Crystal River, FL 34429
County assessor Recorded deeds · 2 transfers Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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