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268 S Suncoast Blvd, Crystal River, FL 34429
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Property summary
AI-generated overview
The property is a freestanding office building of 7,585 square feet situated on 2.29 acres along US Highway 19/Suncoast Blvd. It has approximately 200 feet of road frontage on US 19/Suncoast Blvd (about 23,000 AADT) and is zoned Commercial GNC, supporting a range of commercial uses pending applicable approvals. The building contains approximately 19 rooms, including private offices that are sized to function as conference rooms, and includes 2 lobbies, storage rooms, and 5 restrooms. Interior finishes include upgraded flooring and custom wood cabinetry built-ins and molding. The site provides private parking for 25+ vehicles and offers convenient access to the 589 Toll Road/Suncoast Parkway (about 6 miles away). Crystal River Regional Airport is approximately 2 minutes from the property. The building has been reported as having remained “high and dry” through two storms, and with Citrus County approval is suitable for uses such as corporate offices, a luxury car sales showroom, a high-end real estate brokerage, a bank, or a luxury boat dealership.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,596 SF
Lot
2.29 ac (99,927 SF)
Zoning code
GNC GEN COMMERCIAL
APN
17E-19S-03-43310-001.0
UPID
US18-5355094
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Landscaping General Contractor
-
Charitable Organization Social Service Agency
-
Business Management Consultant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.33M
Owner & transaction history
since 2019
5 recorded transactions
Zoning & alternative use
GNC GEN COMMERCIAL · Crystal River, FL
Top alternative use upside
Restaurant
$2.2M
+114.3%
Medical building
$1.6M
+59.0%
Retail stores
$1.3M
+28.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.33M
Value range
$1.20M – $1.46M
±10% around blend
Estimated value / SF
$175 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$1.20M
blend $1.33M
$1.46M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,596 SF
Lot area
2.29 ac
Year built
1990
Stories
1
APN
17E-19S-03-43310-001.0
Zoning
GNC GEN COMMERCIAL
Assessed value
$916,510
Annual tax
$14,768
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.32M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.42M
@ 6.5% CAP return
$1.32M
@ 7% CAP return
$1.22M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$14,768
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.28M
Range $501k – $1.56M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.33M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 26 sales
$133
+32%
Submarket 34 sales
$136
+29%
County 131 sales
$163
+7%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $175/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+114%
vs current-use indication
Medical Building
Retail Stores
Commercial (general)
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
4.23%
Selected cap rate for this office buildings
Derived from the Crystal River market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.23%
9.0%
NOI (est.)
$80k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.89M
Move the market yield to see immediate price impact.
Value / SF
$249
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.73%4.23%4.73%
$72k
$1.93M
$1.70M
$1.52M
$80k
$2.14M
$1.89M
$1.69M
$88k
$2.36M
$2.08M
$1.86M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,768
Tax year 2023
Assessed value
$916,510
Assessed 2023
Previous assessed
$858,480
+6.8% YoY
Effective rate
1.61%
On assessed value
Assessed land
$246,320
Assessed improvement
$670,190
Land market value
$246,320
Improvement market value
$670,190
Total market value
$916,510
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
7
Total area
7,596 SF
Lot
2.29 ac (99,927 SF)
Zoning code
GNC GEN COMMERCIAL
APN
17E-19S-03-43310-001.0
UPID
US18-5355094
Jurisdiction
CITRUS
Zoning & alternative use
GNC GEN COMMERCIAL · Crystal River, FLZoning GNC GEN COMMERCIAL · permitted uses
GNC GEN COMMERCIAL · Crystal River, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
7
Lot
2.29 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GNC GEN COMMERCIAL
Jurisdiction
Crystal River, FL
Recorded code
GNC GEN COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GNC GEN COMMERCIAL in Crystal River, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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