Renovated Retail-Office
For Sale
$695,000
5054 Crawfordville Hwy, Crawfordville, FL 32327
Renovated building offering flexible retail or office space with 14 parking spaces.
Property Size2,456 SF
Price / SF$282.87
Days on Market119
Property Features for 5054 Crawfordville Hwy
General Information
Standard status
Active
Size
2,456 SF
Total Parking Spaces
14
Property subtype
Retail
Building Details
Building Size
2,456 SF
Listing Agency:
TLG Real Estate Services
Listed By:
Bryan Cureton · License #670038
(850) 545-3687
Source:
Tlgproperty
Added: May 14
Changed: Sep 8
Last Checked: Aug 14 at 7:35AM
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 TLG Real Estate Services
Investment Insights
Based on property information with market context.
This property is a renovated retail or office building with flexible space suited for a range of commercial uses. The exterior has recently been renovated, and the owner has recently renovated the entire building. The offering includes 14 parking spaces.
The site is located off Crawfordville Hwy, near Capital Circle SW, and across from Publix. Nearby retailers mentioned include Pizza Hut, Hobbit American Grill, Waffle House, Shell, Sunoco, and Circle K.
The property is available for sale, and the landlord will consider making major renovations for a tenant.
The site is located off Crawfordville Hwy, near Capital Circle SW, and across from Publix. Nearby retailers mentioned include Pizza Hut, Hobbit American Grill, Waffle House, Shell, Sunoco, and Circle K.
The property is available for sale, and the landlord will consider making major renovations for a tenant.
Key Highlights
- Renovated 2,457 SF building suited for retail or office uses.
- Located off Crawfordville Hwy near Capital Circle SW, across from Publix.
- Includes 14 parking spaces for customer/tenant use.
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
$23,864
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
3.43%
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%
$477,280
$477.3K
Cap Rate 7%
$340,914
$340.9K
Cap Rate 9%
$265,156
$265.2K
Market Conditions
NOI Build-Up for 2,457 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
$36.9K $15.00/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$34.1K $13.88/SF
− OpEx
−$10.2K −$4.16/SF
NOI
$23.9K $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%
$477,280
Cap Rate 7%
$340,914
Cap Rate 9%
$265,156
Alternative Uses
Best Use
Retail
$340.9K
$298.3K – $397.7K
NOI $23,864 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$602.3K
$527.1K – $702.7K
NOI $42,164 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Hotels & Casinos 5%
Circle K
Shops & Services
8,559 visits/mo
0.0 miles
Dollar General
Shops & Services
7,222 visits/mo
0.1 miles
Best Western Wakulla Inn & Suites
Hotels & Casinos
849 visits/mo
0.4 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?
Retail space - Renovated building offering flexible retail or office space with 14 parking spaces.
Where is this retail space located?
The property is located at 5054 Crawfordville Hwy Crawfordville, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Renovated 2,457 SF building suited for retail or office uses.; Located off Crawfordville Hwy near Capital Circle SW, across from Publix.; Includes 14 parking spaces for customer/tenant use.
