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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office buildings
6844 Citrus Ave Crystal River, FL 34428-6919
Individually Owned
13-yr Hold
Free & Clear
Property ID
US18-4897825
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
STEEL FRAME
Total area
4,032 SF
Lot
6.64 ac (289,238 SF)
Zoning code
IND INDUSTRIAL
APN
17E-17S-34-14300
UPID
US18-4897825
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$605k
Blend (final)
Blend
$615k
Owner & transaction history
Sean M Gerrits · 13 yrs held
Sean M Gerrits
since 2013
1 recorded transaction
Zoning & alternative use
IND INDUSTRIAL · Crystal River, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$850,000
+55.4%
Commercial (general)
$675,000
+23.2%
Retail stores
$600,000
+9.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$550,000
Current use
MEDICAL BUILDING
$850,000
Change: +55% · Conversion: Easy
COMMERCIAL (GENERAL)
$675,000
Change: +23% · Conversion: Easy
RETAIL STORES
$600,000
Change: +10% · Conversion: Moderate
AUTO REPAIR, GARAGE
$505,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
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
$153 / 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
$8,858
Tax year 2023
Assessed value
$441,080
Assessed 2023
Previous assessed
$391,470
+12.7% YoY
Effective rate
2.01%
On assessed value
Assessed land
$155,560
Assessed improvement
$285,520
Land market value
$155,560
Improvement market value
$285,520
Total market value
$441,080
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Bathrooms
2
Total area
4,032 SF
Lot
6.64 ac (289,238 SF)
Zoning code
IND INDUSTRIAL
APN
17E-17S-34-14300
UPID
US18-4897825
Jurisdiction
CITRUS
Zoning & alternative use
IND INDUSTRIAL · Crystal River, FL
Zoning IND INDUSTRIAL · permitted uses
IND 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
OFFICE BUILDING Current
Est. value
$550,000
MEDICAL BUILDING
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$675,000
RETAIL STORES
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$505,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1975
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Bathrooms
2
Lot
6.64 ac
Current owner
From public records · entity-resolved
Sean M Gerrits
Individual
Free & Clear · 13 yrs held
Mailing address
6844 N CITRUS AVE, CRYSTAL RIVER, FL 34428-6919
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2013
—
Sean M Gerrits
Sean M Gerrits INC
Quit Claim Deed
related
—
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.
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