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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2646 Crawfordville Hwy Crawfordville, FL 32327-2159

    • Community centers
    • 22,567 SF
    • 1.48 lot acres
    OFF-MARKET
    Last Sale
    Jun 09, 2021
    $1,300,000
    Value Estimations
    $1,305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4272297
    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

    • bealls / Women'S Clothing Store / Clothing Store
    • Crawdaddy Car Wraps Co / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 2646 Crawfordville Hwy

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.48 lot acres
    Property size
    22,567 SF
    Property type
    Community centers
    APN
    00-00-076-000-10250-013
    APU
    7600010250013

    Description

    This exceptional 17,233 square foot commercial property, situated on a 1.48-acre lot at 2646 Crawfordville Highway in Crawfordville, Florida, presents a compelling investment opportunity. Currently generating a robust monthly income of $19,500, with significant upside potential to reach $22,000 per month, this property offers strong cash flow and a promising return on investment. The building is constructed of durable block with a steel roof, ensuring longevity and minimizing maintenance costs. All air conditioning units are less than three years old, providing efficient and reliable climate control. The property benefits from strong, established corporate leases, mitigating tenant turnover risk and providing a stable income stream. Located in a rapidly developing area, this property is poised for continued growth and appreciation. This is a rare chance to acquire a well-maintained, high-performing commercial asset in a thriving market. The substantial monthly income, coupled with the property's robust construction and desirable location, makes this an exceptional investment opportunity not to be missed. The existing leases provide immediate cash flow, while the potential for increased rental income offers significant long-term growth prospects. This property is offered at $2,400,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,420,000
      ML approach
      $1,320,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,990,000
      WAREHOUSE, STORAGE
      $1,385,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Crawfordville
    County
    Wakulla
    State
    Florida
    Longitude
    -84.3723
    Latitude
    30.1927
    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
    $18,841
    $623,700
    $450,164
    $1,073,864
    -
    $623,700
    $450,164
    $1,073,864

    Comparable in this City

    • Value Estimation
      $2,705,000
      27,332 SF

      2000 Crawfordville Hwy Ste A

      MINI-MALL • 27,332 SF
      2000 Crawfordville Hwy Ste A, Crawfordville, FL 32327-1090
      View Details
    • Value Estimation by Request
      13,000 SF

      27 Azalea Dr

      Lifestyle centers • 13,000 SF
      27 Azalea Dr, Crawfordville, FL 32327
      View Details
    • Value Estimation
      $1,405,000
      13,993 SF

      10 Preston Cir, Unit A

      MINI-MALL • 13,993 SF
      10 Preston Cir, Crawfordville, FL 32327-1099
      View Details
    • Value Estimation
      $930,000
      8,575 SF

      27th Azalea Drg

      MINI-MALL • 8,575 SF
      27th Azalea Drg, Crawfordville, FL 32327-2083
      View Details
    • Value Estimation by Request
      5,676 SF

      30 Old Palmetto Path

      Lifestyle centers • 5,676 SF
      30 Old Palmetto Path, Crawfordville, FL 32327
      View Details
    • Value Estimation by Request
      12,000 SF

      4360 Crawfordville Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 12,000 SF
      4360 Crawfordville Hwy, Crawfordville, FL 32327-4168
      View Details

    Similar Nearby for Sale

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    • $499,900
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      Turnkey bait and tackle shop with living quarters and multiple income streams.
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      Crawfordville Walgreens NNN Investment Opportunity

      NNN lease Walgreens with 11.5+ years remaining in Crawfordville, FL.
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    • $3,665,000
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      Walgreens Pharmacy - Net Lease Investment

      High-yield Walgreens, 11.5+ years remaining.
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    • $2,600,000
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      New Retail Building with Drive-Thru

      New retail property with national tenants and long-term leases.
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      Retail property with 5706 square feet available for sale.
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    Similar Nearby for Lease

    • $15 SF/Yr
      2,835 SF

      Century Park Retail Space Available

      Prime retail/office space, immediate occupancy.
      10 Preston Cir, Crawfordville, FL 32327
      View Details
    • Contact for pricing
      20,391 SF

      Retail Space on Crawfordville Hwy

      Retail space with frontage on busy Crawfordville Hwy.
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    • Contact for pricing
      75,104 SF

      Versatile Warehouse in Wakulla County

      Warehouse with power, security, and efficiency for various business operations.
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      View Details
    • $20 SF/Yr
      1,177 SF

      Crawfordville Professional Office Space Available

      Professional office space for rent, across from new Publix.
      2382 Crawfordville Hwy, Crawfordville, FL 32327
      View Details
    • $75,000
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      Crawfordville Commercial Land for Lease

      1.78 acre commercial outparcel in high-growth Crawfordville market.
      Crawfordville Hwy, Crawfordville, FL 32327
      View Details
    • Contact for pricing

      .72 Acres Century Park Land Lease

      Prime Commercial Land, Build-to-Suit Available
      0 Preston Cir, Crawfordville, FL 32327
      View Details
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    Crawfordville, FL 32327-2159
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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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