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    Crawfordville Commercial Property For Sale Title is generated by Realmo AI

    2646 Crawfordville Highway, Crawfordville, FL 32327

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    Claim this Listing
    For Sale
    $2,400,000

    Commercial property in an up-and-coming area, Crawfordville, Florida.

    Type:Commercial/Industrial
    Property size:
    17,233 SF
    Lot size:
    1.48 Acres
    Price / SF:
    $139/SF
    Added:
    Apr 27, 2024
    Days on Market:
    801
    Last Refresh:
    Jun 27 at 4:36 am

    Property Features for 2646 Crawfordville Highway

    General Information

    Standard status
    Active
    Size
    17,233 SF
    Lot size
    1.48 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Contact an agent
    Sedita C Cayson

    Listing office Primesouth Fezler, Russell and

    Listing date Apr 27, 2024

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Primesouth Fezler, Russell and

    HighLights

    • High income potential: Currently generating $19,500/month with potential to reach $22,000/month.
    • Solid construction: Features a block building with a steel roof.
    • Newer A/C units: All A/C units are less than 3 years old.
    • Good leases in place: Resal good leases are currently active.
    • Corporate tenants: Most leases are with corporate tenants.
    • Up‑and‑coming area: Located in a developing area.

    Overview

    This commercial property is located in Crawfordville, Florida, and offers an opportunity to purchase in an up-and-coming area. The block building features a steel roof, and the air conditioning units are less than 3 years old. The property currently generates $19,500 per month and has the potential to earn $22,000 per month. Good leases are in place, with most tenants being corporate entities. The property size is 17,233 square feet.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $258.5k $15.00
    − Vacancy −$19.4k −$1.13
    EGI $239.1k $13.88
    − OpEx −$71.7k −$4.16
    NOI $167.4k $9.71
    17,233 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.39M
    $2.09M – $2.79M (±1% cap)
    NOI $167,376 @ 7.0% cap · market cap 6.97%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $4.22M
    $3.70M – $4.93M (±1% cap)
    NOI $295,735 @ 7.0% cap · market cap 12.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    bealls Children'S Clothing Store Crawdaddy Car Wraps ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Dental Office Law Firm Hotel & Motel Hair Salon Accounting Firm Building Supply Garden Center Auto Repair Shop Furniture & Home Goods Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Crawfordville
    County
    Wakulla
    State
    Florida
    Longitude
    -84.372026
    Latitude
    30.193309

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    FAQs

    What type of property is this?
    Shopping center - Commercial property in an up-and-coming area, Crawfordville, Florida.
    Where is this shopping center located?
    The property is located at 2646 Crawfordville Highway Crawfordville, FL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: High income potential: Currently generating $19,500/month with potential to reach $22,000/month.; Solid construction: Features a block building with a steel roof.; Newer A/C units: All A/C units are less than 3 years old.
    (850) 329-7000
    We can help!
    Contact an agent
    Sedita C Cayson
    Real Estate License ID: 670760
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