Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    66 Dr. Martin Luther King Jr. Boulevard Crawfordville, FL 32327

    View on Map
    Claim this Listing
    For Sale
    $300,000

    COMMERCIAL - Crawfordville, FL

    Property size:
    1,134 SF
    Lot size:
    0.48 Acres
    Price / SF:
    $264/SF
    Added:
    Mar 4, 2026
    Days on Market:
    65
    Last Refresh:
    May 8 at 9:06 am

    Property Features for 66 Dr. Martin Luther King Jr. Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    12129-00-00-077-000-10311-000
    Size
    1,134 SF
    Lot size
    0.48 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Building materials
    Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Paula Knowles

    Listing agent Paula Knowles License #559827

    Listing office WIP Realty 2931 Crawfordville Hwy, FL

    Listing date Mar 4, 2026

    MLS# 397754

    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

    • High‑visibility location on Dr. Martin Luther King Jr. Memorial Rd.
    • Versatile 1,134 sq ft building suitable for retail, office, or service businesses.
    • Owner financing available with substantial down payment.
    • Approximately 0.48‑acre lot with gravel parking.
    • Enjoy modern amenities including vinyl plank flooring and heat pump HVAC.
    • Durable metal roof.

    Overview

    Crawfordville Commercial Retail Building

    This commercial retail building is located on Dr. Martin Luther King Jr. Memorial Rd in Crawfordville. The wood-frame building offers 1,134 sq ft of space and features vinyl plank flooring, a heat pump HVAC system, a metal roof, and one bathroom. Situated on approximately 0.48 acres, the property includes gravel parking, providing good visibility and convenient access. This property presents a great opportunity for retail, office, or a service-based business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Crawfordville
    County
    Wakulla
    State
    Florida
    Longitude
    -84.372152
    Latitude
    30.177269

    Nearby Similar for Sale

    • $479,000

      Crawfordville Commercial Property For Sale

      One-acre commercial property with established concrete block building in Crawfordville, FL.
      764 Shadeville Road, Crawfordville, FL 32327
      View Details
    • $499,900

      Established Bait and Tackle Shop

      Turnkey bait and tackle shop with living quarters and multiple income streams.
      664 WOODVILLE Highway, Crawfordville, FL 32327
      View Details
    • $569,900

      Professional Office Building For Sale

      High-quality office building with security features and ADA compliance.
      961 Woodville Highway, Crawfordville, FL 32327
      View Details
    • $550,000

      Crawfordville Commercial Investment Opportunity

      Enterprise Zone investment with stable income and long-term tenant.
      4360 Crawfordville Highway, Crawfordville, FL 32327
      View Details
    • $2,400,000
      17,233 SF

      Crawfordville Commercial Property For Sale

      Commercial property in an up-and-coming area, Crawfordville, Florida.
      2646 Crawfordville Highway, CRAWFORDVILLE, FL 32327
      View Details
    • $199,900

      Canal-Front Parcel in Shell Point

      Waterfront land with floating dock in Wakulla County.
      Sandy Lane, Crawfordville, FL 32327
      View Details
    • $3,414,000
      12,689 SF

      Crawfordville Walgreens NNN Investment Opportunity

      NNN lease Walgreens with 11.5+ years remaining in Crawfordville, FL.
      2580 Crawfordville Hwy, Crawfordville, FL
      View Details
    • $199,900
      1,344 SF

      New Condos Ready Now

      New condos with modern features, ideal for rentals or living.
      36 Wainscott Circle 607, Crawfordville, FL 32327
      View Details
    • $450,000
      5,706 SF

      Retail Property in Crawfordville, FL

      Retail property with 5706 square feet available for sale.
      1971 Woodville Hwy, Crawfordville, FL
      View Details
    • $3,414,000
      12,689 SF

      Retail Space For Sale

      Retail space with a 7.25% CAP rate.
      2580 Crawfordville Hwy, Crawfordville, FL 32327
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail/office building on 0.48 acres with good visibility.
    Where is this storefront property located?
    The property is located at 66 Dr. Martin Luther King Jr. Boulevard Crawfordville, FL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: High‑visibility location on Dr. Martin Luther King Jr. Memorial Rd.; Versatile 1,134 sq ft building suitable for retail, office, or service businesses.; Owner financing available with substantial down payment.
    (850) 545-0734
    We can help!
    Listing Contact
    Paula Knowles
    Real Estate License ID: 559827
    Learn More
    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
    66 Dr. Martin Luther King Jr. Boulevard, 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!