Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Crawfordville Commercial Land Opportunity Title is generated by Realmo AI

    2836 Coastal Highway, Crawfordville, FL 32327

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $474,900

    LAND - Crawfordville, FL

    Lot size:
    9.88 Acres
    Added:
    Jun 19, 2025
    Days on Market:
    349
    Last Refresh:
    Jun 2 at 3:06 pm

    Property Features for 2836 Coastal Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    12129-36-4S-02W-000-02403-000
    Lot size
    9.88 Acres

    We can help!

    Listing Contact
    Rhonda Harvey

    Listing agent Rhonda Harvey License #3399543

    Listing office WIP Realty 2931 Crawfordville Hwy, Crawfordville, FL

    Listing date Jun 19, 2025

    MLS# 387701

    Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 9.88 acre commercial property ideal for development
    • Located in a rapidly growing market
    • High traffic area with excellent visibility and access
    • Suitable for retail, office, or mixed‑use projects
    • Located within yards of Medart Volunteer Fire Department
    • Was home of Pigott's Cash and Carry in past years

    Overview

    This 9.88-acre commercial land is located in Crawfordville, Florida. The property is situated in a rapidly growing market and offers potential for developers and investors. It is suitable for retail, office, or mixed-use projects. The location features high traffic, excellent visibility, and access. The property was previously the site of Pigott's Cash and Carry. It is located near the Medart Volunteer Fire Department.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom Food Market Electrical Service Garden Center Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Crawfordville
    County
    Wakulla
    State
    Florida
    Longitude
    -84.38631
    Latitude
    30.09201

    Nearby Similar for Sale

    • $600,000

      Crawfordville Commercial Property For Sale

      Commercial building and business with liquor license on 1.43 acres.
      1970 Woodville Highway, Crawfordville, FL 32327
      View Details
    • $400,000

      Crawfordville Commercially Zoned Land

      Cleared 3.23-acre commercial land parcel in rapidly growing Wakulla County.
      Crawfordville Highway, Crawfordville, FL 32327
      View Details
    • $795,000

      Commercial Lot on Crawfordville Highway

      2.7+ acre commercial lot in high-traffic area.
      Crawfordville Highway, Crawfordville, FL 32327
      View Details
    • $349,900

      Crawfordville Land For Sale

      2.55 acres in downtown Crawfordville, potential for mixed-use development.
      35 C L Townsend Lane, Crawfordville, FL 32327
      View Details
    • $380,000

      Crawfordville Land Development Opportunity

      7.01 acres of wooded land near Coastal Highway.
      4730 Coastal Highway, Crawfordville, FL 32327
      View Details
    • $300,000
      1,134 SF

      Crawfordville Commercial Retail Building

      Retail/office building on 0.48 acres with good visibility.
      66 Dr. Martin Luther King Jr. Boulevard, Crawfordville, FL 32327
      View Details
    • $380,000

      Crawfordville Wooded Land For Sale

      7.01 acres of wooded land near Coastal Highway.
      4730 Coastal Highway, Crawfordville, FL 32327
      View Details
    • $350,000

      Riverfront Homesite in Gated Community

      3.3-acre riverfront homesite with community amenities in Crawfordville, Florida.
      RIVER PLANTATION Road lot: 33, Crawfordville, FL 32327
      View Details
    • $1,200,000

      Crawfordville Land For Sale

      5.04 acre commercial land in prime location.
      2068 Crawfordville Highway, Crawfordville, FL 32327
      View Details
    • $475,000

      Crawfordville Commercial Land For Sale

      5-acre commercial land parcel with highway frontage in Crawfordville, FL.
      Crawfordville Highway, Crawfordville, FL 32327
      View Details
    • $168,500

      Waterfront Land in Crawfordville, FL

      Flat lot with deep water canal access and floating dock.
      Southside Drive, Crawfordville, FL 32327
      View Details
    • $600,000

      Wakulla Riverfront Homesite Opportunity

      Two-acre homesite on the Wakulla River with community amenities.
      River Plantation, Crawfordville, FL 32327
      View Details

    FAQs

    What type of property is this?
    Commercial land - 9.88 acre commercial property in a rapidly growing market.
    Where is this commercial land located?
    The property is located at 2836 Coastal Highway Crawfordville, FL.
    What is the asking price?
    The asking price for this property is $474,900.
    What are key features of this property?
    This property features: 9.88 acre commercial property ideal for development; Located in a rapidly growing market; High traffic area with excellent visibility and access
    (850) 509-3920
    We can help!
    Listing Contact
    Rhonda Harvey
    Real Estate License ID: 3399543
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2836 Coastal Highway, Crawfordville, FL 32327
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!