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Property profile & analytics
FOR SALE
Office buildings

268 S Suncoast Blvd Crystal River, FL 34429

7,596 SF 2.29 ac lot Built 1990
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-5355094
Property summary
AI-generated overview

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).

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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
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
14499 Holdings LLC · 6 yrs held
14499 Holdings LLC
since 2019
5 recorded transactions
2022
Price N/A
2020
Price N/A
2020
Price N/A
2019
$925,000
1969
Price N/A
Zoning & alternative use
GNC GEN COMMERCIAL · Crystal River, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.2M +114.3%
Medical building $1.6M +59.0%
Retail stores $1.3M +28.2%
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