Citrus County CRECOMMERCIAL REAL ESTATE · FLORIDA
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SERVICES · CITRUS COUNTY, FLORIDA

Commercial real estate services in Citrus County, FL

Makayla Richardson helps owners, investors and tenants with commercial real estate across Citrus County, including Inverness, Crystal River, Homosassa and Lecanto: broker opinions of value, commercial leasing, investment sales, tenant representation, landlord representation, land and development services, and 1031 exchange property. Each service below says what it covers and what to bring to the first conversation.

Last updated · Published by Makayla Richardson, Commercial Real Estate Advisor

Broker opinion of value (BOV) for commercial property in Citrus County, FL

A broker opinion of value (BOV) is a licensed real estate professional's written estimate of what a commercial property in Citrus County could sell or lease for. A BOV is not an appraisal. Florida law says a broker's price opinion or opinion of value may not be "construed as an appraisal." If you need a formal valuation, ask whether an appraisal is required.

In Citrus County, a BOV also has to account for where the property sits: inside Inverness or Crystal River, a city levy is listed alongside the county levies. For fiscal year 2025-26 the Florida Department of Revenue lists 7.5600 mills for the City of Inverness, 6.5900 for the City of Crystal River and 6.9898 for the Citrus County Board of County Commissioners.[2]

We could not verify a public rent or vacancy series for Citrus County in our October 2026 research, so a BOV here is built from documented comparable sales and leases.

Commercial leasing in Citrus County, FL: office, retail and industrial space

Commercial leasing covers office, retail, industrial and flex space in Citrus County, from either side of the lease.

Citrus County had 35,642 jobs across 3,808 establishments in March 2026, led by education and health services (7,783 jobs) and trade, transportation and utilities (7,256), in the Bureau of Labor Statistics' Quarterly Census of Employment and Wages.[3] If you are leasing to a service business, ask how close the space is to the customers it serves.

Investment sales: commercial property for sale in Citrus County, FL

Investment sales means buying or selling income-producing commercial property in Citrus County.

The Census Bureau estimated Citrus County at 171,666 residents on July 1, 2025, up from 169,821 a year earlier.[4] Most of the county lives outside Inverness and Crystal River, so a buyer comparing an Inverness building with one in Homosassa should compare the tax bills as well as the rents.

Tenant representation for businesses looking for space in Citrus County

Tenant representation means an advisor works for the business looking for space in Citrus County, not for the landlord.

A business looking for space in Citrus County can choose between the county seat in Inverness, the waterfront in Crystal River and Homosassa, and the unincorporated areas in between. Ask for options in more than one community before you negotiate.

Landlord representation: leasing your Citrus County commercial building

Landlord representation means an advisor works for the owner to lease a Citrus County building on terms that protect its value.

Public projects change what tenants compare. At the Inverness Airport, the county approved "an $8.83 million construction contract for Phase 2" of the 75-acre Inverness Airport Business-Industrial Park, the Citrus County Chronicle reported in December 2025.[6] If you own industrial or flex space, ask how that new supply compares with your building.

Commercial land for sale and development in Citrus County, FL

Development services cover the real estate side of building something new in or around Citrus County: the site, its zoning and access, and the purchase or sale of the land.

Citrus County Economic Development describes the Holder Industrial Park "North of Inverness on U.S. 41" at "just over 550 acres."[5] On the coast, Florida's Turnpike Enterprise lists the Suncoast Parkway extension to U.S. 19 as "expected to continue through late 2031."[8] If you are buying land for development, ask how those schedules affect access, utilities and timing for your site.

1031 exchange property in Citrus County, FL

The IRS describes a like-kind exchange as exchanging "real property used for business or held as an investment solely for other business or investment property that is the same type or" like-kind. This is not tax or legal advice; talk to your tax adviser and an exchange intermediary before you sell.

For replacement property in Citrus County, compare a city address with an unincorporated one on the full tax bill. WUSF reported in 2025 that later Suncoast Parkway sections would "extend Suncoast Parkway about 10 miles from C.R. 486 to U.S. 19," so ask how access to a site may change over your holding period.[7]

Not sure which service you need? Start with the property, the land or the space, and the decision in front of you.

Talk with Makayla

Questions people ask

Can you help me sell commercial land in Citrus County?

Yes. Start with the parcel's zoning, access and utilities; ask how Citrus County's industrial park and Suncoast Parkway schedules affect nearby land.

Is a broker opinion of value the same as an appraisal in Florida?

No. Florida law says a broker's price opinion or opinion of value may not be construed as an appraisal. If you need a formal valuation, ask whether an appraisal is required.

What industries employ the most people in Citrus County?

In March 2026, education and health services employed 7,783 people and trade, transportation and utilities 7,256, according to the Bureau of Labor Statistics.

Can you help with a 1031 exchange in Citrus County?

Yes, on the real estate side: finding, evaluating and closing on replacement property. This is not tax or legal advice; talk to your tax adviser and an exchange intermediary.

Sources

  1. Florida Statutes section 475.612, The Florida Legislature. Accessed October 12, 2026.
  2. Table 1, Comparison of Taxes Levied, Citrus County, Florida Department of Revenue, Fiscal years 2024-25 and 2025-26. Accessed October 12, 2026.
  3. Quarterly Census of Employment and Wages, Citrus County, FL, U.S. Bureau of Labor Statistics, 2026 Q1 (employment for March 2026). Accessed October 12, 2026.
  4. County population totals and components of change, Vintage 2025, U.S. Census Bureau, July 1, 2024 and July 1, 2025. Accessed October 12, 2026.
  5. Citrus County Economic Development, Citrus County Economic Development. Accessed October 12, 2026.
  6. Phase 2 construction at Inverness Airport business park expected to begin early 2026, Citrus County Chronicle, December 22, 2025. Accessed October 12, 2026.
  7. Latest addition to Suncoast Parkway opens 500 days early, WUSF, August 28, 2025. Accessed October 12, 2026.
  8. Suncoast Parkway (SR 589) extension, CR 495 to U.S. 19, Florida's Turnpike Enterprise. Accessed October 12, 2026.
  9. Like-kind exchanges, real estate tax tips, Internal Revenue Service. Accessed October 12, 2026.