Furnished Office
For Sale
$279,000
12 Arran Road, Crawfordville, FL 32327
Vacant, furnished office configuration with reception, private offices, conference space, and dedicated parking.
Property Size1,280 SF
Price / SF$217.97
Days on Market3415
Property Features for 12 Arran Road
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Office
Additional Details
Furnished
Yes
Amenities
Central Air
3
6 Parking Spaces. Paved Driveway.
Paved Road.
Listing Agency:
(850) 509-5409
Listed By:
Waypoint Properties
(850) 509-5409
Source:
Xome
Added: Apr 26, 2017
Changed: Aug 30
Last Checked: Aug 31 at 3:52PM
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 Waypoint Properties
Investment Insights
Based on property information with market context.
This 1,280-square-foot office building is furnished for professional use and currently vacant. The interior includes a reception area, three individual offices, a conference room, break room, work area, and two restrooms. Central air is also provided.
The property sits directly across the street from the Wakulla County Courthouse in Crawfordville. Six parking spaces, a paved driveway, and paved-road access support daily office operations. The existing layout offers a defined professional setting for an office user seeking furnished space with multiple private rooms and shared work areas.
The property sits directly across the street from the Wakulla County Courthouse in Crawfordville. Six parking spaces, a paved driveway, and paved-road access support daily office operations. The existing layout offers a defined professional setting for an office user seeking furnished space with multiple private rooms and shared work areas.
Key Highlights
- 1,280‑square‑foot office building directly across from the Wakulla County Courthouse
- Furnished interior with reception area, three individual offices, and conference room
- Additional break room, work area, and two restrooms
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
$15,725
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
5.64%
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%
$314,500
$314.5K
Cap Rate 7%
$224,643
$224.6K
Cap Rate 9%
$174,722
$174.7K
Market Conditions
NOI Build-Up for 1,280 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
$26.9K $21.00/SF
− Vacancy
−$5.9K −$4.62/SF
EGI
$21.0K $16.38/SF
− OpEx
−$5.2K −$4.10/SF
NOI
$15.7K $12.29/SF
Area
Wakulla County, FL
Vacancy
22.00%
Lease Rate
$21.00 /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%
$314,500
Cap Rate 7%
$224,643
Cap Rate 9%
$174,722
Alternative Uses
Best Use
Office B
$224.6K
$196.6K – $262.1K
NOI $15,725 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.8K
$274.6K – $366.1K
NOI $21,966 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Vacant, furnished office configuration with reception, private offices, conference space, and dedicated parking.
Where is this office building located?
The property is located at 12 Arran Road Crawfordville, FL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 1,280‑square‑foot office building directly across from the Wakulla County Courthouse; Furnished interior with reception area, three individual offices, and conference room; Additional break room, work area, and two restrooms
