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    Property profile & analytics

    2580 Crawfordville Hwy Crawfordville, FL 32327

    • Drug stores
    • 15,988 SF
    • 1.09 lot acres
    For Sale
    View listing
    $3,665,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3101825
    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.

    Current Use by Public Records

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Walgreens / Pharmacy
    • FedEx OnSite / Postal Service / Courier Service
    • LibertyX Bitcoin ATM / Atm
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 2580 Crawfordville Hwy

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.09 lot acres
    Property size
    15,988 SF
    Property type
    Drug stores
    APN
    00-00-075-000-10237-001
    APU
    7500010237001

    Description

    This exceptional investment opportunity presents a 12,689 square foot Walgreens pharmacy located at 2580 Crawfordville Hwy, Crawfordville, FL 32327. The property sits on a 2.27-acre lot and boasts a strong location near the intersection of Crawfordville Hwy & Wakulla Arran Rd, experiencing a combined traffic count of 20,000 vehicles per day. This absolute NNN net lease features a corporate guarantee from Walgreens, an S&P rated BBB- tenant, ensuring long-term security. With 11.5+ years remaining on the lease, the property offers significant stability and predictable income. The lease includes 5% rent bumps every 5 years, providing a hedge against inflation. The current asking price is $3,665,000, representing a 6.75% cap rate and a price per square foot of $288.83. The property's strong NOI of $247,350 reflects its consistent performance. Built in 2006, this Walgreens benefits from its location in a high-income market with average household incomes exceeding $100,000. The property is situated within a thriving retail trade area, close to other national retailers such as Publix, Tractor Supply, Winn Dixie, and Ace Hardware. Lease options include a 12-year and five-year renewal. This is a rare opportunity to acquire a high-performing, well-located Walgreens investment property with significant long-term growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,590,000
      6.5%
      $2,390,000
      7%
      $2,220,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,085,000
      Market price range: $643k - $2.09M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,410,000
      Current use
      COMMERCIAL (GENERAL)
      $2,735,000
      Change: +94% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,915,000
      Change: +36% Conversion: Difficult
      RESTAURANT
      $1,890,000
      Change: +34% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Crawfordville
    County
    Wakulla
    State
    Florida
    Longitude
    -84.3713
    Latitude
    30.1953
    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
    $39,115
    $377,880
    $2,314,110
    $2,691,990
    -
    $377,880
    $2,314,110
    $2,691,990

    Comparable in this City

    • Value Estimation by Request
      1,050 SF

      2495 Coastal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,050 SF
      2495 Coastal Hwy, Crawfordville, FL 32327
      View Details
    • Value Estimation by Request
      5,132 SF

      2201 Crawfordville Hwy

      FINANCIAL BUILDING • 5,132 SF
      2201 Crawfordville Hwy, Crawfordville, FL 32327-1033
      View Details
    • Value Estimation by Request
      46,922 SF

      2629 Crawfordville Hwy

      Individual retail properties • 46,922 SF
      2629 Crawfordville Hwy, Crawfordville, FL 32327
      View Details
    • Value Estimation
      $11,855,000
      59,973 SF

      2343 Crawfordville Hwy

      GROCERY, SUPERMARKET • 59,973 SF
      2343 Crawfordville Hwy, Crawfordville, FL 32327-1037
      View Details
    • Value Estimation by Request
      4,446 SF

      2581 Crawfordville Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,446 SF
      2581 Crawfordville Hwy, Crawfordville, FL 32327-2167
      View Details
    • Value Estimation by Request
      3,382 SF

      11 Osceola Ct

      FINANCIAL BUILDING • 3,382 SF
      11 Osceola Ct, Crawfordville, FL 32327-3172
      View Details

    Similar Nearby for Sale

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      Crawfordville Walgreens NNN Investment Opportunity

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      New Retail Building with Drive-Thru

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    Similar Nearby for Lease

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      Crawfordville Commercial Land for Lease

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    Crawfordville, FL 32327
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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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