Wood-Frame Retail/Office
66 Dr Martin Luther King Jr Mem Rd Crawfordville, FL 32327
66 Dr Martin Luther King Jr Mem Rd, Crawfordville, FL, 32327
$250,000
For Sale
$250,000
Wood-frame commercial building with metal roof, heat pump HVAC, vinyl plank flooring, and gravel parking on 0.48 acres.
Property Size1,134 SF
Lot Size0.48 Acres
Price / SF$220.46
Days on Market120
Property Features for 66 Dr Martin Luther King Jr Mem Rd
General Information
- Standard status
- Active
- Size
- 1,134 SF
- Lot size
- 0.48 Acres
Listing agency
Harvey Lentz Property Group
(850) 545-0734
Listed by
Paula Knowles · License #559827
(850) 545-0734
Source
Exprealty
Added: Mar 25 Updated: Jul 21 at 2:20PM Checked: Jul 22 at 11:22AM
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 Harvey Lentz Property Group
Investment Insights
Based on property information with market context.
This commercial retail building is a 1,134 square foot wood-frame structure with vinyl plank flooring, heat pump HVAC, a metal roof, and one bathroom. The property includes gravel parking and sits on approximately 0.48 acres.
The building is located on Dr. Martin Luther King Jr. Memorial Rd in Crawfordville, offering visibility and convenient access for retail, office, or service-based use.
With its existing interior finishes and climate system, the space is suited for an owner-user or investor looking for a straightforward commercial setup.
The building is located on Dr. Martin Luther King Jr. Memorial Rd in Crawfordville, offering visibility and convenient access for retail, office, or service-based use.
With its existing interior finishes and climate system, the space is suited for an owner-user or investor looking for a straightforward commercial setup.
Key Highlights
- 1,134 SF wood‑frame commercial retail building on Dr. Martin Luther King Jr. Memorial Rd in Crawfordville
- Metal roof and heat pump HVAC
- Vinyl plank flooring throughout
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.0k | $15.00 |
| − Vacancy | −$1.3k | −$1.13 |
| EGI | $15.7k | $13.88 |
| − OpEx | −$4.7k | −$4.16 |
| NOI | $11.0k | $9.71 |
1,134 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$157.3K
$137.7K – $183.6K
NOI $11,014 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.0K
$243.3K – $324.4K
NOI $19,461 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Wood-frame commercial building with metal roof, heat pump HVAC, vinyl plank flooring, and gravel parking on 0.48 acres.
Where is this retail space located?
The property is located at 66 Dr Martin Luther King Jr Mem Rd Crawfordville, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,134 SF wood‑frame commercial retail building on Dr. Martin Luther King Jr. Memorial Rd in Crawfordville; Metal roof and heat pump HVAC; Vinyl plank flooring throughout
