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Property profile & analytics
FOR SALE
Apartment buildings
8570 W Mayo Dr Crystal River, FL 34429
Trust Owned
1-yr Hold
Free & Clear
Property ID
US18-0336260
For Sale
1 / 11
$3,285,000
8570 W Mayo Dr, Crystal River, FL 34429
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
6,496 SF
Lot
0.83 ac (36,146 SF)
Zoning code
RUR RURAL RESIDENTIAL
APN
17E-18S-27-32130-004.0
UPID
US18-0336260
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
-
Crystal River Wildlife Removal Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
Grove Funding II Trust · 1 yrs held
Grove Funding II Trust
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
RUR RURAL RESIDENTIAL · Crystal River, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+129.8%
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
$2,355,000
ML approach
$2,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,390,000
Change: +130% · Conversion: Moderate
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±10% · vs last sale $1.74M (Apr 4 2023)
Last sale anchor
$1.74M
Apr 4 2023
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
$278 / 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
$7,886
Tax year 2023
Assessed value
$444,200
Assessed 2023
Previous assessed
$444,200
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$80,000
Assessed improvement
$364,200
Land market value
$80,000
Improvement market value
$364,200
Total market value
$444,200
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1985
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
10
Total area
6,496 SF
Lot
0.83 ac (36,146 SF)
Zoning code
RUR RURAL RESIDENTIAL
APN
17E-18S-27-32130-004.0
UPID
US18-0336260
Jurisdiction
CITRUS
Zoning & alternative use
RUR RURAL RESIDENTIAL · Crystal River, FL
Zoning RUR RURAL RESIDENTIAL · permitted uses
RUR RURAL RESIDENTIAL · 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
COMMERCIAL (GENERAL)
Est. value
$1.4M
COMMERCIAL (GENERAL)
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
1985
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
10
Lot
0.83 ac
Current owner
From public records · entity-resolved
Grove Funding II Trust
Trust
Free & Clear · 1 yrs held
Mailing address
6097 SANDRA DR, WEEKI WACHEE, FL 34607-2079
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2025
—
8570 West Mayo Realty LLC
—
Deed
related
$1,876,000 · Us Century Bank
Nov 14, 2024
$650,300
Grove Funding II Trust
Jan Alexander Blaszczyk
Trust Deed
related
—
Apr 4, 2023
—
Lux Real Properties LLC
Lux Portfolio2 LLC
Intrafamily Transfer
related
$900,000 · Relf 7 LLC
Sep 8, 2022
$663,500
Lux Portfolio2 LLC
Jan Blaszczyk
Quit Claim Deed
related
$2,275,000 · Orix Real Estate Capital LLC
May 3, 2021
$1,740,000
Jan Blaszczyk
Right Price39 LLC
Warranty Deed
$1,376,000 · Capital City Bank
Aug 31, 2018
$1,475,000
Right Price 39 LLC
Cm Mayo Dr LLC
Warranty Deed
$1,106,250 · First Technology Federal Cu
May 9, 2017
—
Cm Mayo Dr LLC
Concession Management LLC
Warranty Deed
—
May 9, 2017
$1,000,000
Concession Management LLC
Garsed LLC
Warranty Deed
$766,500 · Tcm 3 LLC
Jun 24, 2013
$610,000
Garsed LLC
Wells Fargo Bk NA
Grant Deed
—
Nov 16, 2012
—
Fargo Bk NA Wells
Clerk Of Circuit Court/citrus Cnt
Trustees Deed
related
—
Jul 28, 2006
$368,000
Synergy Props Holdings LLC
Ratledge,jerry
Warranty Deed
related
$296,240 · World Savings
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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