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    2343 Crawfordville Hwy Crawfordville, FL 32327-1037
    Property profile & analytics

    2343 Crawfordville Hwy, Crawfordville, FL 32327-1037

    View on Map
    • Grocery and convenience stores
    • 59,973 SF
    • 8.00 lot acres
    Off-Market
    Last Sale Sep 8, 2022
    $14,750,000
    Property ID
    US18-7813458
    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
    $11,855,000
    Show details
    Cap Rate Potential
    4.1%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • MR Boba & Coffee / Cafe & Coffee Shop
    • Primo Water Refill / Big Box & Wholesale Store
    • Presto! ATM at Publix Super Market / Atm
    • Publix Pharmacy at Crawfordville Commons / Pharmacy
    • Gem Nail Bar / Nail Salon

    Property Details for 2343 Crawfordville Hwy

    Year built
    2022
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.00 lot acres
    Property type
    Grocery and convenience stores
    APN
    00-00-074-404-10223-001
    APU
    7440410223001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 8, 2022 $14,750,000 Coral Cove Plaza LLC Wakulla Partners LLC Special Warranty Deed $7.8M · Prime Meridian Bank
    Dec 21, 2020 $1,640,000 Wakula Partners LLC Songbird Of Wakulla County LLC Special Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $14,135,000
      ML approach
      $10,700,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,710,000
      6.5%
      $8,960,000
      7%
      $8,320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,824,000
      Market price range: $2.41M - $7.82M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $10,255,000
      INDUSTRIAL (GENERAL)
      $7,185,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Crawfordville
    County
    Wakulla
    State
    Florida
    Longitude
    -84.3655
    Latitude
    30.2052
    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
    $187,541
    $1,360,000
    $11,797,047
    $13,157,047
    -
    $1,360,000
    $11,797,047
    $13,157,047

    Comparable in this City

    • Value Estimation by Request
      46,922 SF

      2629 Crawfordville Hwy

      Individual retail properties
      2629 Crawfordville Hwy, Crawfordville, FL 32327
      View Details
    • Value Estimation by Request
      3,552 SF

      1497 Bloxham Cutoff Rd

      CONVENIENCE STORE
      1497 Bloxham Cutoff Rd, Crawfordville, FL 32327-0100
      View Details
    • Value Estimation by Request
      2,760 SF

      2984 Crawfordville Hwy

      CONVENIENCE STORE
      2984 Crawfordville Hwy, Crawfordville, FL 32327-2302
      View Details
    • Value Estimation by Request
      9,872 SF

      2628 Crawfordville Hwy

      FINANCIAL BUILDING
      2628 Crawfordville Hwy, Crawfordville, FL 32327-2159
      View Details
    • Value Estimation by Request
      2,695 SF

      664 Woodville Hwy

      RETAIL STORES (PERSONAL SERVICES)
      664 Woodville Hwy, Crawfordville, FL 32327-0605
      View Details
    • Value Estimation by Request
      3,166 SF

      11 Preston Cir

      FINANCIAL BUILDING
      11 Preston Cir, Crawfordville, FL 32327-1088
      View Details

    Similar Nearby for Sale

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      1.06 Acres

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    • $600,000
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      Crawfordville Commercial Property For Sale

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      12,689 SF

      Crawfordville Walgreens NNN Investment Opportunity

      NNN lease Walgreens with 11.5+ years remaining in Crawfordville, FL.
      2580 Crawfordville Hwy, Crawfordville, FL 32327
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    • $300,000
      1,134 SF

      Crawfordville Commercial Retail Building

      Retail/office building on 0.48 acres with good visibility.
      66 Dr. Martin Luther King Jr. Blvd, Crawfordville, FL 32327
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    • Contact for pricing
      2,292 SF

      Crawfordville Highway Commercial Land Parcel

      1.22 acre commercial parcel with existing home on Hwy 319.
      2427 Crawfordville Hwy, Crawfordville, FL 32327
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    Similar Nearby for Lease

    • Contact for pricing
      20,391 SF

      Retail Space on Crawfordville Hwy

      Retail space with frontage on busy Crawfordville Hwy.
      2629 Crawfordville Hwy, Crawfordville, FL 32327
      View Details
    • Contact for pricing
      5,372 SF

      Crawfordville Professional Office Space Available

      Professional office space for rent, across from new Publix.
      2382 Crawfordville Hwy, Crawfordville, FL 32327
      View Details

    Property Visit Statistics

    • Visits by month
      80.8k
    • Visitors by month
      37.1k
    • Avg Time on site
      26 min
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    Crawfordville, FL 32327-1037
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    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
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