Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    873 Michael Brunn Pt Crystal River, FL 34429-9220

    • Research & development properties
    • 13.87 lot acres
    OFF-MARKET
    Last Sale
    Aug 20, 2025
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2896362
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Research & development properties

    Property Details for 873 Michael Brunn Pt

    Lot size
    13.87 lot acres
    Zone code
    CLR COASTAL LAKES & RVRS
    Property type
    Research & development properties
    APN
    17E-18S-33-44300
    APU
    17E18S3344300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.5995
    Latitude
    28.8746
    CBSA code
    26140
    CBSA name
    HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $272
    $18,170
    $0.00
    $18,170
    -
    $18,170
    $0.00
    $18,170

    Comparable in this City

    • Value Estimation
      $270,000
      107.00 Acres

      Suncoast Kys

      WASTE DISPOSAL, SEWAGE • 107.00 Acres
      Suncoast Kys, Crystal River, FL 34429
      View Details
    • Value Estimation
      $245,000
      2.40 Acres

      14649 The St Martins Riv

      WASTE DISPOSAL, SEWAGE • 2.40 Acres
      14649 The St Martins Riv, Crystal River, FL 34429
      View Details
    • Value Estimation
      $270,000
      26.00 Acres

      15450 The St Martins Riv

      WASTE DISPOSAL, SEWAGE • 26.00 Acres
      15450 The St Martins Riv, Crystal River, FL 34429
      View Details
    • Value Estimation
      $270,000
      5.70 Acres

      16026 The St Martins Riv

      WASTE DISPOSAL, SEWAGE • 5.70 Acres
      16026 The St Martins Riv, Crystal River, FL 34429
      View Details
    • Value Estimation
      $265,000
      28.00 Acres

      15150 The St Martins Riv

      WASTE DISPOSAL, SEWAGE • 28.00 Acres
      15150 The St Martins Riv, Crystal River, FL 34429
      View Details
    • Value Estimation
      $70,000
      12.50 Acres

      15310 The St Martins Riv

      WASTE DISPOSAL, SEWAGE • 12.50 Acres
      15310 The St Martins Riv, Crystal River, FL 34429
      View Details

    Similar Nearby for Sale

    • $2,900,000

      Approved Development Site For Sale

      16.9 acre PUD with approved site plan.
      6537 W Gulf To Lake Hwy, Crystal River, FL 34429
      View Details
    • $389,000
      2.10 Acres

      Prime Land - Crystal River

      2.1 acres with road frontage near Suncoast Parkway.
      5656 W Gulf To Lake Hwy, Crystal River, FL 34429
      View Details
    • $4,500,000
      107.60 Acres

      Kings Bay Waterfront Estate

      107 Acres, Hunting, Fishing Paradise
      10825 Fort Island Trl, Crystal River, FL 34429
      View Details
    • $2,600,000
      7,596 SF

      Crystal River Office Building

      Prime US-19 location, high-traffic area.
      268 Suncoast Blvd, Crystal River, FL 34429
      View Details
    • $459,900
      1.27 Acres

      Prime Crystal River Mixed-Use Land

      1.27-acre parcel in Crystal River with commercial and residential zoning.
      431 NE 1St Ter, Crystal River, FL 34429
      View Details
    • Contact for pricing
      0.67 Acres

      Crystal River Land For Sale

      Residential building lot outside Crystal River city limits, near amenities.
      11122 W Cedar Lake Dr, Crystal River, FL 34429
      View Details

    Similar Nearby for Lease

    • $3,499 /Mo
      16,705 SF

      Crystal River Commercial Office & Warehouse

      Commercial office and warehouse space for lease near Hwy 44.
      1424 N Gulf Ave, Crystal River, FL 34429
      View Details
    • $1,000 /Mo
      900 SF

      Office Space on Highway 19

      Office spaces available for lease on Highway 19.
      8740 Mayo Dr, Crystal River, FL 34429
      View Details
    • $11 SF/Yr
      11,860 SF

      Crystal River Two-Story Office Space

      11,860 SF office space for lease in Crystal River, Florida.
      1624 N Meadowcrest Blvd, Crystal River, FL 34429
      View Details
    • $11 SF/Yr
      6,430 SF

      Crystal River Two-Story Office Space

      6,430 SF office space for lease in Crystal River, Florida.
      1624 N Meadowcrest Blvd, Crystal River, FL 34429
      View Details
    • Contact for pricing
      4,268 SF

      Retail Space on US-19

      Retail spaces available on high-traffic US-19 in Crystal River.
      298-430 N Suncoast Blvd, Crystal River, FL 34429
      View Details
    • $11 SF/Yr
      5,430 SF

      Crystal River Two-Story Office Space

      5,430 SF office space for lease in Crystal River, Florida.
      1624 N Meadowcrest Blvd, Crystal River, FL 34429
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    873 Michael Brunn Pt
    Crystal River, FL 34429-9220
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.