Entity Owned
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For Sale
Contact for pricing
91 NE Us Highway 19, Crystal River, FL 34429
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Property summary
AI-generated overview
This exceptional investment opportunity presents a fee-simple, single-tenant retail property located at 91 NE US Hwy 19, Crystal River, FL 34429. The 4,163 square foot building, fully renovated in 2023, sits on a 0.44-acre lot and is currently 100% occupied by Green Dragon Cannabis under a net lease. The lease, initiated July 7th, 2023, features a 10-year initial term with a favorable 3% annual rent increase, minimizing landlord responsibilities for operating and capital expenditures. The property boasts a strong 7.00% cap rate and a substantial NOI of $112,644, with an asking price of $1,609,200 ($386.55/sq ft). The strategic location at the southeast corner of Suncoast Blvd (US Hwy 19) and NE 1st Street benefits from high visibility and significant traffic, with a combined AADT of 27,500. Green Dragon Cannabis, a well-established operator with 31 Florida locations, ensures a stable and reliable income stream. This is a prime retail investment in a thriving Florida market. The property is a single-story building.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,200 SF
Lot
0.44 ac (19,074 SF)
Zoning code
CH HIGH INTENSITY COMMERC
APN
17E-18S-22-0020-215.0
UPID
US18-5017065
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
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$485k
Owner & transaction history
since 2021
Last sale
$490,000
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.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$485k
Value range
$437k – $534k
±10% around blend
Estimated value / SF
$115 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$437k
blend $485k
$534k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,200 SF
Lot area
0.44 ac
Year built
1964
Stories
1
APN
17E-18S-22-0020-215.0
Zoning
CH HIGH INTENSITY COMMERC
Assessed value
$244,160
Annual tax
$5,124
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$485k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 53 sales
$91
+27%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $115/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
Not available
Market rent
Not available
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: replacement-cost inputs are not on file.
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
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$490k
Move the market yield to see immediate price impact.
Value / SF
$117
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
5.00%7.00%9.00%
$31k
$617k
$441k
$343k
$34k
$686k
$490k
$381k
$38k
$755k
$539k
$419k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,124
Tax year 2023
Assessed value
$244,160
Assessed 2023
Previous assessed
$237,630
+2.7% YoY
Effective rate
2.10%
On assessed value
Assessed land
$93,060
Assessed improvement
$151,100
Land market value
$93,060
Improvement market value
$151,100
Total market value
$244,160
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
4,200 SF
Lot
0.44 ac (19,074 SF)
Zoning code
CH HIGH INTENSITY COMMERC
APN
17E-18S-22-0020-215.0
UPID
US18-5017065
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.44 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.
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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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