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

    509 Commerce Blvd Crawfordville, FL 32327

    • Manufacturing properties
    • 75,104 SF
    • 6.29 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3001181
    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

    • CSG Systems International / Accountant

    Property Details for 509 Commerce Blvd

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    6.29 lot acres
    Property size
    75,104 SF
    Zone code
    PUD
    Property type
    Manufacturing properties
    APN
    34-2S-01E-000-04998-003
    APU
    342S01E00004998003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,490,000
      6.5%
      $7,835,000
      7%
      $7,280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,063,000
      Market price range: $2.92M - $13.4M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $9,000,000
      Current use
      COMMERCIAL (GENERAL)
      $12,845,000
      Change: +43% Conversion: Difficult
      RESTAURANT
      $8,870,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Crawfordville
    County
    Wakulla
    State
    Florida
    Longitude
    -84.2174
    Latitude
    30.2622
    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
    $22,656
    $94,350
    $1,603,753
    $1,698,103
    -
    $94,350
    $1,603,753
    $1,698,103

    Comparable in this City

    • Value Estimation
      $710,000
      28,042 SF

      550 Wakulla Park Dr

      FOOD PACKING, PACKING PLANT • 28,042 SF
      550 Wakulla Park Dr, Crawfordville, FL 32327-0390
      View Details
    • Value Estimation
      $565,000
      8,224 SF

      1884 Woodville Hwy

      MANUFACTURING (LIGHT) • 8,224 SF
      1884 Woodville Hwy, Crawfordville, FL 32327-1704
      View Details
    • Value Estimation by Request
      1,402 SF

      93 Ben Willis Rd

      MANUFACTURING (LIGHT) • 1,402 SF
      93 Ben Willis Rd, Crawfordville, FL 32327-4816
      View Details
    • Value Estimation by Request
      5,720 SF

      2638 Coastal Hwy

      FOOD PACKING, PACKING PLANT • 5,720 SF
      2638 Coastal Hwy, Crawfordville, FL 32327-3801
      View Details
    • Value Estimation by Request
      350 SF

      2551 Coastal Hwy

      MANUFACTURING (LIGHT) • 350 SF
      2551 Coastal Hwy, Crawfordville, FL 32327-4886
      View Details
    • Value Estimation
      $36,705,000
      330,500 SF

      7151 Coastal Hwy

      HEAVY MANUFACTURING • 330,500 SF
      7151 Coastal Hwy, Crawfordville, FL 32327-2918
      View Details

    Similar Nearby for Sale

    • $650,000
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      Crawfordville Commercial Investment Opportunity

      Enterprise Zone investment with stable income and established tenant.
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    • $235,000
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      Crawfordville Land with Workshop & Barn

      5.67 acres with workshop, pole barn, and house pad.
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    • $299,900

      Crawfordville Mixed-Use Investment

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    • $100,000
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      Crawfordville Residential Land - Prime Location

      Two lots, 0.77 acres, near Tallahassee.
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    • $250,000
      1.23 Acres

      Crawfordville Hwy Commercial Land

      1.23 Acres, C-2 Zoning, City Utilities
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      Crawfordville Commercial Land Investment

      High-traffic corner lot, development potential.
      Xx Old Crawfordville Hwy, Crawfordville, FL 32327
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    Similar Nearby for Lease

    • 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
    • Contact for pricing

      .72 Acres Century Park Land Lease

      Prime Commercial Land, Build-to-Suit Available
      0 Preston Cir, Crawfordville, FL 32327
      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
    • $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.
      2629 Crawfordville Hwy, 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
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    509 Commerce Blvd
    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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