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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    268 S Suncoast Blvd Crystal River, FL 34429

    • Office buildings
    • 7,596 SF
    • 2.29 lot acres
    For Sale
    View listing
    $2,600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    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.

    Current Use by Public Records

    • Site One Facilities Solutions, LLC / Property Maintenance
    • Foundation For-Advancement-Msmrcn / Non-Profit Organization
    • 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
    Property size
    7,596 SF
    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

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    Get a detailed, property-specific valuation — 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

    Comparable in this City

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      107 4th St

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    • Value Estimation
      $1,525,000
      9,400 SF

      1205 5th St

      OFFICE BUILDING (MULTI-STORY) • 9,400 SF
      1205 5th St, Crystal River, FL 34429-4523
      View Details
    • Value Estimation
      $230,000
      1,079 SF

      6200 Corporate Oaks Dr

      PROFESSIONAL BUILDING • 1,079 SF
      6200 Corporate Oaks Dr, Crystal River, FL 34429-2705
      View Details
    • Value Estimation
      $135,000
      2,194 SF

      5845 Gulf To Lk Hwy

      OFFICE BUILDING • 2,194 SF
      5845 Gulf To Lk Hwy, Crystal River, FL 34429-7564
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    • Value Estimation
      $375,000
      1,864 SF

      6216 Gulf To Lk Hwy

      OFFICE BUILDING • 1,864 SF
      6216 Gulf To Lk Hwy, Crystal River, FL 34429-7558
      View Details
    • Value Estimation
      $420,000
      14,080 SF

      915 Suncoast Blvd

      OFFICE BUILDING • 14,080 SF
      915 Suncoast Blvd, Crystal River, FL 34429-9012
      View Details

    Similar Nearby for Sale

    • $479,000
      0.37 Acres

      High-Traffic Commercial Property on US 19

      Prime commercial location with high visibility and highway frontage.
      602 NE Us Highway 19, Crystal River, FL 34429
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    • $449,900
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      Remodeled Office Building in Crystal River

      Remodeled office building with five offices, conference room, and parking.
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      Executive Office Buildings on US-19

      Two office buildings with existing leases in Crystal River, FL.
      N Suncoast Blvd, Crystal River, FL 34429
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    • $2,600,000
      2.29 Acres

      Freestanding Office Building on US 19

      7,585 sq ft office building on 2.29 acres.
      268 S Suncoast Blvd, Crystal River, FL 34429
      View Details
    • $2,600,000
      7,596 SF

      Crystal River Office Building

      Prime US-19 location, high-traffic area.
      268 Suncoast Blvd, Crystal River, FL 34429
      View Details
    • $1,900,000
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      Mixed-Use Investment Opportunity in Crystal River

      3.38 acres with income potential in high-traffic location.
      5985 W Gulf To Lake Hwy, Crystal River, FL 34429
      View Details

    Similar Nearby for Lease

    • $3,499 /Mo
      16,705 SF

      Crystal River Commercial Office & Warehouse

      Commercial office and warehouse space for lease near Hwy 44.
      1424 N Gulf Ave, Crystal River, FL 34429
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    • $1,000 /Mo
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      Office Space on Highway 19

      Office spaces available for lease on Highway 19.
      8740 Mayo Dr, Crystal River, FL 34429
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    • $11 SF/Yr
      11,860 SF

      Crystal River Two-Story Office Space

      11,860 SF office space for lease in Crystal River, Florida.
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    • $11 SF/Yr
      6,430 SF

      Crystal River Two-Story Office Space

      6,430 SF office space for lease in Crystal River, Florida.
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      View Details
    • $11 SF/Yr
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      Crystal River Two-Story Office Space

      5,430 SF office space for lease in Crystal River, Florida.
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      View Details
    • Contact for pricing
      4,268 SF

      Retail Space on US-19

      Retail spaces available on high-traffic US-19 in Crystal River.
      298-430 N Suncoast Blvd, Crystal River, FL 34429
      View Details
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    Crystal River, FL 34429
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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