Entity Owned 
For Sale
1 / 28
$479,900
823 NE 5Th St, Crystal River, FL 34429
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Property summary
AI-generated overview
A freestanding commercial office building located on a prominent corner lot with a total building area of 2,165 square feet over two levels. The first floor includes a reception area, five private offices, a dedicated conference room, two bathrooms, and a break room; access is supported by a ramp. The second floor is accessed by a private entrance and contains a large executive-style office area and a 3-piece bathroom. The property has direct exposure along a major high-traffic highway, with approximately 537 feet of road frontage and visibility at a signalized intersection. It features a paved parking lot with access from two streets (front and back). City sewer and water services are available. The offering includes two lots, with the existing building situated on the eastern lot, and zoning is CH (Highway Commercial), supporting a range of highway commercial uses tied to that land use designation. With city approval, the western lot may allow development of an additional business structure, and the building’s layout is configured to support separate uses or an owner/operator arrangement between the main level and the upper suite.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
CONCRETE BLOCKS
Total area
2,165 SF
Lot
0.64 ac (27,888 SF)
Zoning code
CH HIGH INTENSITY COMMERC
APN
17E-18S-22-0020-373.0
UPID
US18-5355133
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alternative Medicine Practice
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
since 2023
Last sale
$395,000
1 recorded transaction
Zoning & alternative use
CH HIGH INTENSITY COMMERC · Crystal River, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$535k
Value range
$482k – $589k
±10% around blend
Estimated value / SF
$247 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
40
Income certainty
100
$482k
blend $535k
$589k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,165 SF
Lot area
0.64 ac
Year built
1930
Stories
2
APN
17E-18S-22-0020-373.0
Zoning
CH HIGH INTENSITY COMMERC
Assessed value
$255,160
Annual tax
$5,355
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$5,355
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$257k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.5 mi away · 1,584 SF
12.8 mi away · 2,045 SF
14.0 mi away · 1,560 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$535k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 26 sales
$133
+86%
Submarket 34 sales
$136
+82%
County 131 sales
$163
+52%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $247/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
4.75%
Selected cap rate for this office buildings
Derived from the Crystal River market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.75%
9.0%
NOI (est.)
$23k *
Last sale · Aug 2023
$395k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$480k
Move the market yield to see immediate price impact.
Value / SF
$222
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.25%4.75%5.25%
$21k
$483k
$432k
$391k
$23k
$536k
$480k
$434k
$25k
$590k
$528k
$478k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$218k
0.3 mi · Jan 2026 · $89/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,355
Tax year 2023
Assessed value
$255,160
Assessed 2023
Previous assessed
$236,610
+7.8% YoY
Effective rate
2.10%
On assessed value
Assessed land
$137,960
Assessed improvement
$117,200
Land market value
$137,960
Improvement market value
$117,200
Total market value
$255,160
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1930
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
2
Total area
2,165 SF
Lot
0.64 ac (27,888 SF)
Zoning code
CH HIGH INTENSITY COMMERC
APN
17E-18S-22-0020-373.0
UPID
US18-5355133
Jurisdiction
CITRUS
Zoning & alternative use
CH HIGH INTENSITY COMMERC · Crystal River, FLZoning CH HIGH INTENSITY COMMERC · permitted uses
CH HIGH INTENSITY COMMERC · Crystal River, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1930
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.64 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CH HIGH INTENSITY COMMERC
Jurisdiction
Crystal River, FL
Recorded code
CH HIGH INTENSITY COMMERC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CH HIGH INTENSITY COMMERC in Crystal River, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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