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Property profile & analytics
FOR SALE
Investment properties
940 N Suncoast Blvd Crystal River, FL 34429
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-4889055
For Sale
1 / 25
$3,999,000
940 N Suncoast Blvd, Crystal River, FL 34429
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,600 SF
Lot
2.36 ac (102,627 SF)
Zoning code
GNC GEN COMMERCIAL
APN
17E-18S-34-44110
UPID
US18-4889055
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
-
A-AAA Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.83M
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$3.15M
Owner & transaction history
James L Mcpheeters · 1 yrs held
James L Mcpheeters
since 2024
6 recorded transactions
Zoning & alternative use
GNC GEN COMMERCIAL · Crystal River, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.1M
+26.1%
Retail stores
$3.3M
+1.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,060,000
6.5%
$2,825,000
7%
$2,620,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,280,000
Current use
MEDICAL BUILDING
$4,140,000
Change: +26% · Conversion: Easy
RETAIL STORES
$3,335,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$3.15M
Range $2.83M – $3.46M · ±10%
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
$160 / 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
$20,477
Tax year 2023
Assessed value
$1,166,010
Assessed 2023
Previous assessed
$1,069,310
+9.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$345,090
Assessed improvement
$820,920
Land market value
$345,090
Improvement market value
$820,920
Total market value
$1,166,010
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
21
Total area
19,600 SF
Lot
2.36 ac (102,627 SF)
Zoning code
GNC GEN COMMERCIAL
APN
17E-18S-34-44110
UPID
US18-4889055
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
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.3M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
21
Lot
2.36 ac
Current owner
From public records · entity-resolved
James L Mcpheeters
Individual
Free & Clear · 1 yrs held
Mailing address
5300 E SILVER SPGS BLVD, SILVER SPRINGS, FL 34488-1754
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
—
James L Mcpheeters
James Lee Mcpheeters
Deed
related
—
Sep 12, 2014
—
James L Mcpheeters
Mcpheeters,rodger F
Quit Claim Deed
related
—
Apr 2, 2012
—
Rodger F Mcpheeters
Mcpheeters Rodger F Trust
Quit Claim Deed
related
—
Dec 8, 2011
—
Rodger F Mcpheeters
Mcpheeters Rodger F Trust
Quit Claim Deed
related
—
Oct 4, 2010
—
Mcpheeters Rodger F Trust
Mcpheeters,rodger F & Renee J
Quit Claim Deed
related
—
Aug 25, 2008
—
Mcpheeters Rodger F Trust
Mcpheeters,rodger F
Quit Claim Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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