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    Commercial Land Ready for Development Title is generated by Realmo AI

    Coastal Highway 98 lot 90, Crawfordville, FL 32327

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    Claim this Listing
    For Sale
    $1,600,000

    COMMERCIAL - Crawfordville, FL

    Lot size:
    11.89 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    58
    Last Refresh:
    Jun 6 at 1:06 pm

    Property Features for Coastal Highway 98 lot 90

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Paved or Surfaced
    Standard status
    Active
    APN
    12129-00-00-090-000-11634-004
    Lot size
    11.89 Acres

    We can help!

    Listing Contact
    James Roberts

    Listing agent James Roberts License #3119817

    Listing office Coastwise Realty 84 Ochlocknee Street, Crawfordville, FL

    Listing date Apr 10, 2026

    MLS# 398407

    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.

    HighLights

    • Approved for 114 RV camper sites with detailed plans for a luxury resort RV camp.
    • 11.89 acres of commercial travel trailer parking land with 600 feet of highway frontage and no flood zone.
    • Includes essential infrastructure: full hook‑ups, public sanitary sewer and water lines, lighting, storm water drainage, and a holding pond.
    • Land Development Permit in progress and 2 DOT permitted driveways already in place.
    • Designed with amenities: swimming pool and pool house, laundry mat, office with convenient store, level concrete RV parking spaces, and stone driveways.
    • Convenient location: minutes from dining, shopping, doctors, churches, festivals, boat ramps, and near Wakulla Springs Lodge, natural refuges, and national forests.

    Overview

    This 11.89-acre commercial property in Crawfordville, FL, is approved for 114 RV camper sites. The site is designed as a luxury RV resort with full hook-ups, public sanitary sewer and water lines, lighting, a swimming pool and pool house, a laundry mat and office with a convenient store, and landscaping. It features level concrete RV parking spaces, including two handicap spaces, and stone driveways. The property benefits from excellent cell phone reception, storm water drainage, a 3-phase erosion control plan, a tree replacement plan, irrigation plans, and a holding pond. Water and sewer are accessible from Highway 98. A Land Development Permit is in progress, and two driveways are already DOT permitted. The property has 600 feet of highway frontage and is not in a flood zone. It is located near dining, grocery stores, medical facilities, and churches, and is also close to festivals, boat ramps, bed and breakfasts, and hotels. Wakulla Springs Lodge, natural refuges, and national forests are nearby. The site is an hour from St. George Island and Apalachicola, and 35 minutes from the Florida Capital.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Crawfordville
    County
    Wakulla
    State
    Florida
    Longitude
    -84.3659103
    Latitude
    30.1230513

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    FAQs

    What type of property is this?
    Commercial land - 11.89 acres approved for 114 RV camper sites.
    Where is this commercial land located?
    The property is located at Coastal Highway 98 lot 90 Crawfordville, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Approved for **114 RV camper sites** with detailed plans for a luxury resort RV camp.; **11.89 acres** of commercial travel trailer parking land with 600 feet of highway frontage and no flood zone.; Includes essential infrastructure: full hook‑ups, public sanitary sewer and water lines, lighting, storm water drainage, and a holding pond.
    (850) 570-5074
    We can help!
    Listing Contact
    James Roberts
    Real Estate License ID: 3119817
    Learn More
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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.

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