Liquor Storefront and
For Sale
$600,000
1970 Woodville Hwy, Crawfordville, FL 32327
The sale combines the building, business, and 3PCPS liquor license, with inventory excluded from the offering.
Property Size1,742 SF
Price / SF$344.43
Days on Market14
Property Features for 1970 Woodville Hwy
General Information
Standard status
Active
Size
1,742 SF
Additional Details
Business Included
Yes
Corner Location
Yes
Liquor License
Yes
Listing Agency:
Joseph R. Bracciale Jr. Broker
(850) 545-6468
Listed By:
Michael Carruthers · License #595672
Source:
Hopegainesrealestate
Added: Aug 17
Changed: Aug 30
Last Checked: Aug 30 at 8:00AM
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 Joseph R. Bracciale Jr. Broker
Investment Insights
Based on property information with market context.
This storefront offering includes the building and the associated liquor business in a single sale. A 3PCPS liquor license is included, while inventory is excluded.
The property is located at 1970 Woodville Hwy in Crawfordville, at the intersection of Coastal Hwy 98 and Woodville Hwy. The site is positioned close to the coast.
The property is located at 1970 Woodville Hwy in Crawfordville, at the intersection of Coastal Hwy 98 and Woodville Hwy. The site is positioned close to the coast.
Key Highlights
- Building and business offered together
- Includes a 3PCPS liquor license
- Inventory is not included
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
$16,919
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
2.82%
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%
$338,380
$338.4K
Cap Rate 7%
$241,700
$241.7K
Cap Rate 9%
$187,989
$188.0K
Market Conditions
NOI Build-Up for 1,742 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
$26.1K $15.00/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$24.2K $13.88/SF
− OpEx
−$7.3K −$4.16/SF
NOI
$16.9K $9.71/SF
Area
Wakulla County, FL
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$338,380
Cap Rate 7%
$241,700
Cap Rate 9%
$187,989
Alternative Uses
Best Use
Retail
$241.7K
$211.5K – $282.0K
NOI $16,919 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$427.1K
$373.7K – $498.2K
NOI $29,894 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
4,793 visits/mo
0.2 miles
Dollar General
Shops & Services
2,455 visits/mo
0.1 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
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Frequently Asked Questions
What type of property is this?
Storefront property - The sale combines the building, business, and 3PCPS liquor license, with inventory excluded from the offering.
Where is this storefront property located?
The property is located at 1970 Woodville Hwy Crawfordville, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Building and business offered together; Includes a 3PCPS liquor license; Inventory is not included
