Warehouse with Outdoor
For Sale
$950,000
572 Woodville Highway, Crawfordville, FL 32327
Industrial warehouse with roll-up doors, outdoor storage, car lifts, shelving, and two restrooms.
Property Size9,600 SF
Lot Size10.00 Acres
Price / SF$98.96
Days on Market761
Property Features for 572 Woodville Highway
General Information
Standard status
Active
Size
9,600 SF
Lot size
10.00 Acres
Property subtype
Commercial/Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Warehouse Space
9,600 SF
Listing Agency:
The Naumann Group Real Estate
(850) 325-1681
Listed By:
Nan B Greynolds · License #3046847
Source:
Exitrealty
Added: Jul 31, 2024
Changed: Aug 30
Last Checked: Aug 30 at 12:58PM
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.
The property includes a 9,600-square-foot warehouse on 10 acres, with roll-up doors, commercial shelving, car lifts, outdoor storage, and two restrooms. The existing improvements support storage, distribution, automotive operations, and light manufacturing uses without requiring immediate renovation or upgrading.
Located on Woodville Highway in Crawfordville, the site has highway frontage and direct access for customers, employees, vehicles, and equipment. The combination of enclosed warehouse space and substantial outdoor area accommodates large-vehicle maneuvering, material storage, and business expansion.
The property currently operates as an auto salvage store, providing an existing automotive-oriented configuration while also offering flexibility for other commercial operations or future development.
Located on Woodville Highway in Crawfordville, the site has highway frontage and direct access for customers, employees, vehicles, and equipment. The combination of enclosed warehouse space and substantial outdoor area accommodates large-vehicle maneuvering, material storage, and business expansion.
The property currently operates as an auto salvage store, providing an existing automotive-oriented configuration while also offering flexibility for other commercial operations or future development.
Key Highlights
- 9,600 square feet of warehouse space on 10 acres
- Highway frontage directly on Woodville Hwy
- Roll‑up doors support storage, distribution, and equipment access
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
$74,811
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
7.87%
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%
$1,496,220
$1.5M
Cap Rate 7%
$1,068,729
$1.1M
Cap Rate 9%
$831,233
$831.2K
Market Conditions
NOI Build-Up for 9,600 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
$92.2K $9.60/SF
− Vacancy
−$4.1K −$0.43/SF
EGI
$88.0K $9.17/SF
− OpEx
−$13.2K −$1.38/SF
NOI
$74.8K $7.79/SF
Area
Wakulla County, FL
Vacancy
4.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$1,496,220
Cap Rate 7%
$1,068,729
Cap Rate 9%
$831,233
Alternative Uses
Best Use
Warehouse
$1.07M
$935.1K – $1.25M
NOI $74,811 @ 7.0% cap · market cap 7.87%
Second Best
Industrial
$930.2K
$814.0K – $1.09M
NOI $65,117 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,745 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Wakulla Station RV & Boat Storage — 644 Woodville Hwy, Crawfordville, FL 32327
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with roll-up doors, outdoor storage, car lifts, shelving, and two restrooms.
Where is this warehouse located?
The property is located at 572 Woodville Highway Crawfordville, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 9,600 square feet of warehouse space on 10 acres; Highway frontage directly on Woodville Hwy; Roll‑up doors support storage, distribution, and equipment access
