Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2340 Sopchoppy Hwy Sopchoppy, FL 32358-1431
    Property profile & analytics

    2340 Sopchoppy Hwy Sopchoppy, FL 32358-1431

    View on Map
    • Manufacturing properties
    • 7,740 SF
    • 2.07 lot acres
    Off-Market
    Property ID
    US18-3195338
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 2340 Sopchoppy Hwy

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    2.07 lot acres
    Property size
    7,740 SF
    Property type
    Manufacturing properties
    APN
    12-5S-03W-038-01029-000
    APU
    125S03W03801029000

    Description

    This expansive 7,800 square foot metal building presents a unique investment opportunity in Sopchoppy, Florida. Situated on a 2.06-acre lot directly off Highway 319, the property boasts ample parking for over 50 vehicles. Currently configured as a fully operational wood shop, the building is equipped for heavy industrial use. The existing setup includes a substantial amount of woodworking equipment and tools, available for purchase separately for an additional $350,000 (estimated value $1,000,000). The building features a convenient loading dock, a powerful exhaust fan, and robust electrical service including 3-phase 480-volt, single-phase 280-volt, and 110-amp power. The property is fully fenced and offers significant potential for a variety of commercial uses beyond its current configuration. The unpaved lot provides ample space for expansion or outdoor storage. Its prime highway location ensures excellent visibility and accessibility. This versatile property is priced at $509,000 and offers a compelling blend of existing infrastructure and future development potential. The high-power electrical system and loading dock are ideal for a range of industrial applications. The large parking area is a significant advantage for businesses requiring substantial vehicle capacity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $538,000
      Market price range: $301k - $1.38M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $810,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sopchoppy
    County
    Wakulla
    State
    Florida
    Longitude
    -84.492
    Latitude
    30.055
    CBSA code
    45220
    CBSA name
    TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $25,200
    $75,711
    $100,911
    -
    $25,200
    $75,711
    $100,911

    Comparable in this City

    • Value Estimation by Request
      664 SF

      569 Sopchoppy Hwy

      MANUFACTURING (LIGHT) • 664 SF
      569 Sopchoppy Hwy, Sopchoppy, FL 32358
      View Details
    • Value Estimation by Request
      3,256 SF

      21 Sanders Hl Rd

      MANUFACTURING (LIGHT) • 3,256 SF
      21 Sanders Hl Rd, Sopchoppy, FL 32358-1128
      View Details
    • Value Estimation by Request
      1,200 SF

      10 Railroad Ave

      WAREHOUSE, STORAGE • 1,200 SF
      10 Railroad Ave, Sopchoppy, FL 32358
      View Details
    • Value Estimation by Request
      1,260 SF

      2396 Sopchoppy Hwy

      WAREHOUSE, STORAGE • 1,260 SF
      2396 Sopchoppy Hwy, Sopchoppy, FL 32358
      View Details
    • Value Estimation by Request
      1,260 SF

      2984 Smith Crk Rd

      INDUSTRIAL (GENERAL) • 1,260 SF
      2984 Smith Crk Rd, Sopchoppy, FL 32358
      View Details
    • Value Estimation by Request
      3,750 SF

      Rio Vis

      MINI-WAREHOUSE, STORAGE • 3,750 SF
      Rio Vis, Sopchoppy, FL 32358
      View Details

    Similar Nearby for Sale

    • $39,900
      0.50 Acres

      Waterfront Land in Buckhorn Creek

      Secluded waterfront homesite near St. Marks National Wildlife Refuge.
      Buckhorn Creek Rd, Sopchoppy, FL 32358
      View Details
    • $65,000
      0.30 Acres

      St. Teresa Coastal Home Site

      Coastal homesite in prestigious neighborhood, steps from beach access.
      3469 Firefly Cir, St Teresa, FL 32358
      View Details
    • Contact for pricing

      Commercial Lot on U.S. 319

      Level commercial lot on a major route to the coast.
      Xx Sopchoppy Hwy Hwy, Sopchoppy, FL 32358
      View Details
    • $69,900
      0.21 Acres

      Land in SummerCamp Beach, FL

      Residential land on Florida's Gulf Coast, near Apalachee Bay.
      147 Winding Trail Way, St Teresa, FL 32358
      View Details
    • $99,900
      5.27 Acres

      Wooded Land with River Frontage

      5+ acres of wooded land with 100+ feet on Ochlockonee River.
      Pamela Pl, Sopchoppy, FL 32358
      View Details
    • $189,500
      8.85 Acres

      Sopchoppy Riverfront Sanctuary

      8.85-acre waterfront land with river frontage and utilities.
      lot 4 & 5 Seminole Ln, Sopchoppy, FL 32358
      View Details
    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.
    2340 Sopchoppy Hwy
    Sopchoppy, FL 32358-1431
    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
    2340 Sopchoppy Hwy, Sopchoppy, FL, 32358
    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!