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    Waypoint Properties

    3004 CRAWDFORDVILLE HWY., Crawfordville, FL
    (850) 926-9100
    Size: 10+ agents

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    • Land

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    For Sale (29)

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    Carrabelle Land Parcel For Sale
    $449,000
    8.73 Acres

    Carrabelle Land Parcel For Sale

    8.73 acre land parcel near the bay.

    2667 Highway 98 W, Carrabelle, FL 32322
    View details
    Land Near Tarpine Airport
    $64,500
    1.60 Acres

    Land Near Tarpine Airport

    1.6-acre lot in fly-in community near Tarpine Airport.

    Cessna Ln, Panacea, FL 32346
    View details
    Waterfront Land in Gated Community
    $49,500
    0.43 Acres

    Waterfront Land in Gated Community

    Premier lots in a gated community near Ochlockonee Bay.

    Surf Rd, Panacea, FL 32346
    View details
    Waterfront Land in Gated Community
    $30,500
    0.55 Acres

    Waterfront Land in Gated Community

    Premier lots near Ochlockonee Bay in gated community.

    Frogs Beckon Ct, Panacea, FL 32346
    View details
    Sopchoppy Riverfront Sanctuary
    $189,500
    8.85 Acres

    Sopchoppy Riverfront Sanctuary

    8.85-acre waterfront land with river frontage and utilities.

    lot 4 & 5 Seminole Ln, Sopchoppy, FL 32358
    View details
    Established Bait and Tackle Shop
    $499,900
    1.06 Acres

    Established Bait and Tackle Shop

    Turnkey bait and tackle shop with living quarters and multiple income streams.

    664 Woodville Hwy, Crawfordville, FL 32327
    View details
    Waterfront Land in Gated Community
    $30,500
    0.55 Acres

    Waterfront Land in Gated Community

    Premier lots in a gated community near Ochlockonee Bay.

    Frogs Beckon Ct, Panacea, FL 32346
    View details
    LAND - Panacea, FL
    Contact for pricing
    0.58 Acres

    LAND - Panacea, FL

    Residential land & home lots

    Hidden Pond Ln, Panacea, FL 32346
    View details
    Homesite Near Ochlockonee Bay
    $40,000
    1.00 Acre

    Homesite Near Ochlockonee Bay

    Homesite near Ochlockonee Bay, ideal for a dream home.

    Whiteford Way, Panacea, FL 32346
    View details
    Carrabelle Land Parcel For Sale
    $449,000
    8.73 Acres

    Carrabelle Land Parcel For Sale

    8.73 acre parcel near the bay in Carrabelle, Florida.

    2667 Highway 98 W, Carrabelle, FL 32322
    View details
    Land Near Beach Access
    $120,000
    0.38 Acres

    Land Near Beach Access

    Residential land for sale near Bald Point beach access.

    643 Bald Point Rd, Alligator Point, FL 32346
    View details
    Crawfordville Commercial Land For Sale
    $475,000
    5.00 Acres

    Crawfordville Commercial Land For Sale

    5-acre commercial land parcel with highway frontage in Crawfordville, FL.

    Crawfordville Hwy, Crawfordville, FL 32327
    View details
    Prime Commercial Lots on Highway
    $30,000
    0.11 Acres

    Prime Commercial Lots on Highway

    Two commercial lots in Panacea, FL, on high-traffic Highway 98.

    lot 4 & 5 Coastal Hwy, Panacea, FL 32346
    View details
    Cleared Canal Front Land
    $100,000
    0.22 Acres

    Cleared Canal Front Land

    Cleared canal-front lot with dock and utilities in Panacea, FL.

    Blue Heron Way, Panacea, FL 32346
    View details
    Land in Tradewinds Community
    $58,000
    0.16 Acres

    Land in Tradewinds Community

    Land with boat slip and community amenities in Tradewinds.

    Schooner Ct, Panacea, FL 32346
    View details
    Crawfordville Buildable Lot in Gated Community
    $49,900
    1.08 Acres

    Crawfordville Buildable Lot in Gated Community

    One-acre lot in River Plantation with community amenities.

    11 Block D, Crawfordville, FL 32327
    View details
    Commercial Storefront with Studio Apartment
    $375,000
    1,200 SF

    Commercial Storefront with Studio Apartment

    Commercial storefront with studio apartment on Highway 98.

    82 Coastal Hwy, Panacea, FL 32346
    View details
    Panacea, FL Buildable Lots
    $110,000
    0.95 Acres

    Panacea, FL Buildable Lots

    Two buildable lots near the coast, boat ramps, and fishing.

    Bottoms Rd, Panacea, FL 32346
    View details
    Land in Gated Community
    $49,500
    0.43 Acres

    Land in Gated Community

    Premier lot in Panacea, Florida, near Ochlockonee Bay.

    Surf Rd, Panacea, FL 32346
    View details
    Panacea, FL Commercial Land
    $30,000
    0.11 Acres

    Panacea, FL Commercial Land

    Two commercial lots in Panacea, FL, on high-traffic Highway 98.

    lot 4 & 5 Coastal Hwy, Panacea, FL 32346
    View details
    Carrabelle Riverfront RV Ready Lot
    $159,000
    0.08 Acres

    Carrabelle Riverfront RV Ready Lot

    RV-ready lot in gated community with river and bay views.

    327 East Pass Lndg, Carrabelle, FL 32322
    View details
    Waterfront Land in Gated Community
    Contact for pricing
    0.58 Acres

    Waterfront Land in Gated Community

    Premier lots in a gated community near Ochlockonee Bay.

    Surf Rd, Panacea, FL 32346
    View details
    Crawfordville Land For Sale
    Contact for pricing
    0.11 Acres

    Crawfordville Land For Sale

    Land ideal for building a home or investment opportunity.

    Choctaw Rd, Crawfordville, FL 32327
    View details
    Townhouse Lot Near Gulf
    $149,900
    0.04 Acres

    Townhouse Lot Near Gulf

    Well-priced lot near the Gulf and local amenities.

    109 41St St, Mexico Beach, FL 32456
    View details
    Acre Lot in Gated Community
    $55,000
    1.00 Acre

    Acre Lot in Gated Community

    One acre lot in a private, gated community.

    Wilderness Way, Panacea, FL 32346
    View details
    Waterfront Land in St. James
    $198,000
    1.20 Acres

    Waterfront Land in St. James

    1.2-acre waterfront lot for a dream home and dock.

    2790 Highway 98 E, Carrabelle, FL 32322
    View details
    Hidden Pond Lane Land Parcel
    $40,000

    Hidden Pond Lane Land Parcel

    0.73 acre lot in gated coastal subdivision for sale.

    84 Hidden Pond Ln, Panacea, FL 32346
    View details
    Crawfordville Acreage for Building or Investment
    Contact for pricing

    Crawfordville Acreage for Building or Investment

    Acreage suitable for building, investment, or rezoning potential.

    00 Paulette Dr, Crawfordville, FL 32327
    View details
    6.71 Acres on Hwy 20
    Contact for pricing

    6.71 Acres on Hwy 20

    Two wooded lots near Lake Talquin, ideal for outdoor activities.

    26-27 Blountstown Hwy, Tallahassee, FL 32310
    View details

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    Waypoint Properties
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    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
    Waypoint Properties
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