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

    2887 Crawfordville Hwy Crawfordville, FL 32327-2381

    • Office Properties & Spaces
    • 5,000 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5093037
    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

    • Heloise Murphy / Physician
    • Lori Cate / Physician
    • Tallahassee Orthopedic & Sports Physical Therapy / Medical Clinic
    • Dubreja Plaza / Real Estate Agency

    Property Details for 2887 Crawfordville Hwy

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.69 lot acres
    Property size
    5,000 SF
    Zone code
    CO
    Property type
    Office Properties & Spaces
    APN
    00-00-077-020-10607-005
    APU
    7702010607005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $790,000
      6.5%
      $725,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,222,000
      Market price range: $370k - $1.44M
      AI Estimate
      $1,118,000
      Market price range: $411k - $1.24M

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

    Location Insight

    • Map
    • Local Demand
    City
    Crawfordville
    County
    Wakulla
    State
    Florida
    Longitude
    -84.3747
    Latitude
    30.1827
    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
    $8,478
    $110,000
    $592,730
    $702,730
    -
    $110,000
    $592,730
    $702,730

    Comparable in this City

    • Value Estimation by Request
      1,056 SF

      94 Cottonwood St

      OFFICE (GENERAL) • 1,056 SF
      94 Cottonwood St, Crawfordville, FL 32327-2142
      View Details
    • Value Estimation by Request
      680 SF

      2747 Crawfordville Hwy

      OFFICE (GENERAL) • 680 SF
      2747 Crawfordville Hwy, Crawfordville, FL 32327-2158
      View Details
    • Value Estimation by Request
      1,222 SF

      10 Cedar Ave

      OFFICE (GENERAL) • 1,222 SF
      10 Cedar Ave, Crawfordville, FL 32327-2062
      View Details
    • Value Estimation by Request
      874 SF

      3102 Coastal Hwy

      OFFICE (GENERAL) • 874 SF
      3102 Coastal Hwy, Crawfordville, FL 32327-4884
      View Details
    • Value Estimation by Request
      8,680 SF

      2170 Crawfordville Hwy

      OFFICE (GENERAL) • 8,680 SF
      2170 Crawfordville Hwy, Crawfordville, FL 32327-1009
      View Details
    • Value Estimation
      $575,000
      4,133 SF

      4390 Crawfordville Hwy

      OFFICE (GENERAL) • 4,133 SF
      4390 Crawfordville Hwy, Crawfordville, FL 32327-4168
      View Details

    Similar Nearby for Sale

    • $569,900
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      Professional Office Building For Sale

      High-quality office building with security features and ADA compliance.
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    • $165,000
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      Crawfordville Office Building For Sale

      Commercial office building in a great location in Crawfordville, Florida.
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    • $599,000
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      Crawfordville Highway Commercial Land

      Prime Commercial Lot, Across from Walmart!
      Xx Crawfordville Hwy, Crawfordville, FL 32327
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    • $1,100,000
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      Crawfordville Highway Commercial Land

      High-traffic location, 5+ acres
      Xx Crawfordville Hwy, Crawfordville, FL 32327
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    • $360,000
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      Wakulla Riverfront Hunting Land

      13+ Acres, Riverfront, Residential Potential
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    • $499,900
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      Established Bait and Tackle Shop

      Turnkey bait and tackle shop with living quarters and multiple income streams.
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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
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    • $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
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    • Contact for pricing

      .72 Acres Century Park Land Lease

      Prime Commercial Land, Build-to-Suit Available
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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.
      509 Commerce Blvd, Crawfordville, FL 32327
      View Details
    • $75,000
      1 SF

      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
      20,391 SF

      Retail Space on Crawfordville Hwy

      Retail space with frontage on busy Crawfordville Hwy.
      2629 Crawfordville Hwy, Crawfordville, FL 32327
      View Details
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    2887 Crawfordville Hwy
    Crawfordville, FL 32327-2381
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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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