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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Retail properties & Spaces
611 5th Ter Crystal River, FL 34428-3970
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4874093
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2005
Construction
STEEL FRAME
Total area
6,000 SF
Lot
0.95 ac (41,261 SF)
Zoning code
I INDUSTRIAL
APN
17E-18S-22-0020-073.0
UPID
US18-4874093
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
-
David Ash Plumbing General Contractor
-
Floor Coverings International The Nature Coast, FL Carpet & Flooring Store Hardware & Home Improvement
-
Neil's Custom Auto Interiors Auto Repair Shop
-
Nature Coast Window & Door General Contractor
-
ZND-CTL Dryer vent & Air Duct Cleaning Services Crystal River, FL General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$623k
Blend (final)
Blend
$755k
Owner & transaction history
Cinkwez LLC · 1 yrs held
Cinkwez LLC
since 2025
Last sale
$835,000
3 recorded transactions
Zoning & alternative use
I INDUSTRIAL · Crystal River, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+65.0%
Restaurant
$955,000
+46.4%
Retail stores
$865,000
+32.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Crystal River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crystal River submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$745,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$655,000
Current use
COMMERCIAL (GENERAL)
$1,080,000
Change: +65% · Conversion: Difficult
RESTAURANT
$955,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$865,000
Change: +33% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$820,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$720,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$675,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $835k (Jan 27 2025)
Last sale anchor
$835k
Jan 27 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$126 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,188
Tax year 2023
Assessed value
$406,350
Assessed 2023
Previous assessed
$349,550
+16.2% YoY
Effective rate
2.02%
On assessed value
Assessed land
$89,120
Assessed improvement
$317,230
Land market value
$89,120
Improvement market value
$317,230
Total market value
$406,350
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
5
Total area
6,000 SF
Lot
0.95 ac (41,261 SF)
Zoning code
I INDUSTRIAL
APN
17E-18S-22-0020-073.0
UPID
US18-4874093
Jurisdiction
CITRUS
Zoning & alternative use
I INDUSTRIAL · Crystal River, FL
Zoning I INDUSTRIAL · permitted uses
I INDUSTRIAL · Crystal River, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crystal River. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$955,000
RETAIL STORES
Est. value
$865,000
INDUSTRIAL (GENERAL)
Est. value
$820,000
OFFICE BUILDING
Est. value
$725,000
MEDICAL BUILDING
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$675,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.95 ac
Current owner
From public records · entity-resolved
Cinkwez LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1200 NW 2ND TER, CRYSTAL RIVER, FL 34428-3860
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
$835,000
Cinkwez LLC
D& M Ash Properties LLC
Warranty Deed
—
Oct 11, 2019
$425,000
D & M Ash Properties LLC
Crystal River Warehouse LLC
Warranty Deed
—
Dec 3, 2004
—
Crsytal River Warehouse LLC
Harris,marshall S & Susan A
Quit Claim Deed
related
$311,250 · Amsouth Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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