268 S Suncoast Blvd Crystal River, FL 34429
Property profile & analytics
268 S Suncoast Blvd, Crystal River, FL 34429
- Office buildings
- 7,596 SF
- 2.29 lot acres
Property ID
US18-5355094
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
- Site One Facilities Solutions, LLC / Landscaping / General Contractor
- Foundation For-Advancement-Msmrcn / Charitable Organization / Social Service Agency
- LSR Management Inc / Business Management Consultant
Property Details for 268 S Suncoast Blvd
- Year built
- 1990
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.29 lot acres
- Zone code
- GNC GEN COMMERCIAL
- Property type
- Office buildings
- APN
- 17E-19S-03-43310-001.0
- APU
- 17E19S03433100010
Description
This exceptional Class A office building, located at 268 S Suncoast Blvd in Crystal River, Florida, presents a unique investment opportunity. The 7,596 square foot, two-story building sits on a 2.29-acre lot boasting approximately 200 feet of frontage on heavily trafficked US Highway 19/Suncoast Blvd (23,000 AADT). Currently configured as a multi-tenant property with the first floor fully leased, the building features approximately 19 rooms, including numerous private offices (some large enough for conference rooms), two spacious lobbies, ample storage, and five restrooms. High-quality finishes include upgraded flooring and custom wood cabinetry and molding. The property offers abundant parking for over 25 vehicles. The building withstood two recent storms without damage. The property is zoned Commercial GNC, offering diverse potential uses such as corporate offices, a luxury car showroom, a high-end real estate brokerage, a bank, or a luxury boat dealership, subject to Citrus County approvals. Conveniently located near the newly opened 589 Toll Road/Suncoast Parkway (6 miles) providing easy access to Tampa International Airport and just 2 minutes from the Crystal River Regional Airport. Additional adjacent parcels are available for purchase at 310 S Suncoast Blvd and 8839 W Ozello Trail. The building features a 2020 roof and 2017 AC units. Six private offices on the second floor are currently available for lease. This is a prime opportunity to capitalize on a thriving community with a strong local economy and growing population. The asking price is $2,600,000 ($342.29/sq ft).
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,420,000
- 6.5%
- $1,315,000
- 7%
- $1,220,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,282,000
- AI Estimate
- $1,393,000
Market price range: $501k - $1.56MMarket price range: $605k - $1.55M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,010,000 Current use
- RESTAURANT
- $2,160,000 Change: +114% Conversion: Moderate
- MEDICAL BUILDING
- $1,605,000 Change: +59% Conversion: Easy
- RETAIL STORES
- $1,295,000 Change: +28% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,270,000 Change: +26% Conversion: Easy
- AUTO REPAIR, GARAGE
- $945,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Crystal River
- County
- Citrus
- State
- Florida
- Longitude
- -82.5807
- Latitude
- 28.8583
- 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
$14,768
$246,320
$670,190
$916,510
-
$246,320
$670,190
$916,510
