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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Strip malls
7885 Gulf To Lk Hwy Crystal River, FL 34429
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-5903905
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,000 SF
Lot
1.51 ac (65,950 SF)
Zoning code
GNC GEN COMMERCIAL
APN
17E-18S-23-34411-00A.0
UPID
US18-5903905
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
$2.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.20M
Owner & transaction history
Hak Kim Chang · 4 yrs held
Hak Kim Chang
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
GNC GEN COMMERCIAL · Crystal River, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+120.5%
Retail stores
$2.4M
+77.9%
Commercial (general)
$2.3M
+74.8%
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
$2,125,000
ML approach
$2,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,340,000
Current use
MEDICAL BUILDING
$2,955,000
Change: +121% · Conversion: Difficult
RETAIL STORES
$2,385,000
Change: +78% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,345,000
Change: +75% · Conversion: Easy
OFFICE BUILDING
$1,860,000
Change: +39% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,745,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.45M (Mar 3 2022)
Last sale anchor
$2.45M
Mar 3 2022
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
$157 / 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
$25,767
Tax year 2023
Assessed value
$1,610,570
Assessed 2023
Previous assessed
$1,077,020
+49.5% YoY
Effective rate
1.60%
On assessed value
Assessed land
$249,260
Assessed improvement
$1,361,310
Land market value
$249,260
Improvement market value
$1,361,310
Total market value
$1,610,570
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
14
Total area
14,000 SF
Lot
1.51 ac (65,950 SF)
Zoning code
GNC GEN COMMERCIAL
APN
17E-18S-23-34411-00A.0
UPID
US18-5903905
Jurisdiction
CITRUS
Zoning & alternative use
GNC GEN COMMERCIAL · Crystal River, FL
Zoning GNC GEN COMMERCIAL · permitted uses
GNC GEN COMMERCIAL · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE 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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
14
Lot
1.51 ac
Current owner
From public records · entity-resolved
Hak Kim Chang
Individual
Free & Clear · 4 yrs held
Mailing address
5000 COCONUT CRK PKWY, MARGATE, FL 33063-3901
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
$2,450,000
Hak Kim Chang
Hall Plaza II LLC
Special Warranty Deed
—
Feb 17, 2017
$1,400,000
Hali Plaza H LLC
Wood Stone Crystal River LLC
Special Warranty Deed
$700,000 · First Citrus Bank
Oct 14, 2016
$5,382,000
Istorage Po LLC
Sq Equity LP
Grant Deed
—
Nov 17, 2014
$360,100
Wood Stone Crystal River LLC
Gateway Ent LLC Coc
Trustees Deed
—
Oct 30, 2014
$360,100
Wood Stone Crystal River LLC
Deputy Clerk Of Citrus County|gateway Ent LLC
Trustees Deed
—
Jan 12, 2011
$2,825,000
Hanover Holdings Ltd
Brooksville Rentals INC
Grant Deed
related
—
Jun 4, 2008
$2,700,000
Gateway Ent LLC
Brooksville Rentals INC
Warranty Deed
$1,800,000 · Regions Bank
—
—
Hanover Holdings Ltd
—
Deed Of Trust
related
$1,450,000 · Mutual Of Omaha 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.
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