Mixed-Use Commercial
For Sale
$400,000
892 WOODVILLE Highway, Crawfordville, FL 32327
C2-zoned property with restaurant, retail, storage, and mobile-home components.
Property Size1,750 SF
Price / SF$228.57
Days on Market762
Property Features for 892 WOODVILLE Highway
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Commercial/Industrial
Listing Agency:
The Naumann Group Real Estate
(850) 325-1681
Listed By:
Brian S Messer · License #646515
Source:
Exitrealty
Added: Aug 8, 2024
Changed: Sep 8
Last Checked: Sep 8 at 3:33AM
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 The Naumann Group Real Estate
Investment Insights
Based on property information with market context.
Located at 892 Woodville Highway in Crawfordville, this mixed-use commercial property includes a 6,600 sqft building on 0.96 acres. The layout accommodates restaurant and retail functions along with storage and a mobile-home component. The property was built in 1955 and carries C2 zoning.
The site has road access and connected city water, electric service, and septic. It is identified as outside a flood zone and has no wetlands. The property is situated in Wakulla County and is offered for sale.
The site has road access and connected city water, electric service, and septic. It is identified as outside a flood zone and has no wetlands. The property is situated in Wakulla County and is offered for sale.
Key Highlights
- 6,600 sqft commercial building
- 0.96‑acre land parcel
- C2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,987
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$399,740
$399.7K
Cap Rate 7%
$285,529
$285.5K
Cap Rate 9%
$222,078
$222.1K
Market Conditions
NOI Build-Up for 1,750 SF
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.
Gross rent
$28.4K $16.20/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$26.6K $15.23/SF
− OpEx
−$6.7K −$3.81/SF
NOI
$20.0K $11.42/SF
Area
Wakulla County, FL
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$399,740
Cap Rate 7%
$285,529
Cap Rate 9%
$222,078
Alternative Uses
Best Use
Specialty Retail
$285.5K
$249.8K – $333.1K
NOI $19,987 @ 7.0% cap · market cap 5.00%
Second Best
Retail
$242.8K
$212.5K – $283.3K
NOI $16,997 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$429.0K
$375.4K – $500.5K
NOI $30,032 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
15,666 visits/mo
0.2 miles
Dollar General
Shops & Services
9,739 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
1,311 visits/mo
0.3 miles
Demographics for 32327, FL
30,048
Population
11,730
Households
2.6
Avg Household Size
42
Median Age
22%
College-Educated
88%
High-School Grad
235.6 sq mi
ZIP Area
128
Density / Sq Mi
$76,714
Median Household Income
$43,825
Median Earnings
$1,126
Median Rent
$215,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C2-zoned property with restaurant, retail, storage, and mobile-home components.
Where is this mixed-use property located?
The property is located at 892 WOODVILLE Highway Crawfordville, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 6,600 sqft commercial building; 0.96‑acre land parcel; C2 zoning
