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    664 Woodville Hwy Crawfordville, FL 32327

    Sponsored
    For Sale
    $499,900

    COMMERCIAL - Crawfordville, FL

    Lot size:
    1.06 Acres
    Days on Market:
    49
    Last Refresh:
    Feb 25 at 5:06 am

    Property Features for 664 Woodville Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    APN
    12129-04-3S-01E-000-05017-002
    Exterior features
    Storage
    Lot size
    1.06 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Building materials
    Frame
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Sara Robinson
    Sara Robinson

    Waypoint Properties (850) 926-9100

    Listing agent Sara Robinson (850) 926-9100 License #3289338

    Listing date Jan 8, 2026

    MLS# 394716

    Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Bait and Tackle Shop

    For sale is Jerry's Bait and Tackle Shop, a business serving Wakulla County for over 40 years. This turnkey business opportunity is located on a busy highway with 167 feet of frontage, providing visibility and access to local bays and rivers. The property features multiple income streams, including boat storage, bait and tackle sales, ice machine rental, U-Haul rental, and food and beverage sales. The retail section is fully stocked and operational, offering a large shrimp tank, freshwater bait tank, cricket cage, frozen bait coolers, cash registers, shelving, grocery area, and tackle area. Included with the business is a renovated attached living quarters, featuring 2 bedrooms, 1 bathroom, a full kitchen, and living room. Major updates include a new roof in 2018, A/C replaced in 2021, and plumbing updated in 2023. The property also includes an RV hookup with one covered RV storage spot. The property has 1.06 acres of land. Future opportunities could include additional boat storage, a boat dealership, cell phone tower lease, gas station, kayak or canoe rentals, and more. This property is ideal for investors, entrepreneurs, or lifestyle buyers seeking work-live convenience in a recreational corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jerry's Bait & Tackle (Bike/Boat/Book/etc) Store Twice the Ice Machine Big Box & Wholesale Store U-Haul Neighborhood Dealer Car Rental Facility

    Suggested Use

    Real Estate Agency Restaurant Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Bar & Pub Electronics & Wireless Store Storage Facility Electrical Service Car Rental Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crawfordville
    County
    Wakulla
    State
    Florida
    Longitude
    -84.233245
    Latitude
    30.244809

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    FAQs

    What type of property is this?
    Grocery and convenience store - Turnkey bait and tackle shop with living quarters and multiple income streams.
    Where is this grocery and convenience store located?
    The property is located at 664 Woodville Hwy Crawfordville, FL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Established business (40+ years) with diversified income streams and real estate included.; - **Fully renovated attached 2-bed/1-bath living quarters** ideal for owner-operator.; - **Prime highway frontage (167 ft) with excellent visibility** and direct access to popular bays and rivers.
    (850) 556-5606
    Request Owner's contact information
    664 Woodville Hwy Crawfordville, FL 32327
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    Crawfordville, FL 32327
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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
    664 Woodville Hwy Crawfordville, FL 32327
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    We can help!
    Listing Contact
    Sara Robinson
    Sara Robinson
    Real Estate License ID: 3289338
    (850) 556-5606 (850) 926-9100
    Learn more
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