Commercial Real Estate Market in Carrabelle, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
289 active listings and 127 off-market properties in Carrabelle, FL.
Market Trends
Carrabelle, FL spans 75.4 square miles in Franklin County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Carrabelle, FL asks $245/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Carrabelle, FL asks $172/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Carrabelle, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Carrabelle, FL asks $242/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 52.6%
- Open space 10.9%
- Commercial 7.7%
- Industrial 3.5%
- Special 1.2%
- Mixed use 0.4%
Largest Zones share of zoned land by district
Low Density Residential
Public Facilities
Residential
Conservation
Commercial
Carrabelle, FL zones 2,776 acres across 13 districts. Commercial zoning covers 7.7% of zoned land, residential 52.6%, open space 10.9% and industrial 3.5%. The largest single district is Low Density Residential at 26.3%. For commercial buyers the practical constraint is that only 11.2% of land carries a commercial or industrial designation.
Low Density Residential (RL)
Table 2.02.01: ALLOWABLE USES IN ZONING DISTRICTS LAND USE P1 A1 RVL RL R1 R2 R3 R4 R5 RM R6 C1 C2 MU I1 T1 Z1 RESIDENTIAL Single Family Attached P P P P SE SE P Detached P P P P P SE P P P SE SE P SE1 Manufactured Home / Mobile Home SE P P SE SE P SE P2 SE3 Two Family P P P P SE SE P Multi
Market overview
Demographics & Economy
Carrabelle, FL has 4,213 residents in 2,258 households. Density runs 56 people per square mile. Median household income here is $58,030 and median gross rent $1,231 a month.
4,213
Population
2,258
Households
1.9
Avg Household Size
48
Median Age
16%
College-Educated
75%
High-School Grad
75.4 sq mi
ZIP Area
56
Density / Sq Mi
$58,030
Median Household Income
$28,250
Median Earnings
$1,231
Median Rent
$213,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lanark Village | — | — |
| Saint Teresa | — | — |
| Eastpoint | — | — |
| Ochlockonee Bay | — | — |
Commercial property in Carrabelle, FL asks $506/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Carrabelle?
Commercial property in Carrabelle, FL asks an average of $506 per square foot. The 5 most recent recorded sales traded at a median of $57/SF, so asking sits 791% above the achieved median. Office carries the highest asking price at $245/SF.
What zoning applies to commercial property in Carrabelle?
Carrabelle, FL zones 2,776 acres across 13 districts, of which 7.7% is commercial and 3.5% industrial. The largest single district is Low Density Residential at 26.3% of zoned land. Table 2.02.01: ALLOWABLE USES IN ZONING DISTRICTS LAND USE P1 A1 RVL RL R1 R2 R3 R4 R5 RM R6 C1 C2 MU I1 T1 Z1 RESIDENTIAL Single Family Attached P P P P SE SE P Detached P P P P P SE P P P SE SE P SE1 Manufactured Home / Mobile Home SE P P SE SE P SE P2 SE3 Two Family P P P P SE SE P Multi Residential zoning covers 52.6% and open space 10.9%.
Where does Realmo's Carrabelle market data come from?
Realmo compiles Carrabelle, FL figures from 6 recent recorded sales, 289 active sale listings, 127 tracked off-market properties, the current Carrabelle zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 289 active for-sale and 0 active for-lease listings in Carrabelle, FL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,776 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
