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    Turnkey Building Near Downtown Tallahassee

    1707 S Gadsden Street Tallahassee, FL 32301

    1707 S Gadsden Street, Tallahassee, FL, 32301
    $440,000
    For Sale
    Claim this Listing
    $440,000

    COMMERCIAL - Tallahassee, FL

    Property Size3,264 SF
    Lot Size0.31 Acres
    Price / SF$134.80
    AddedJun 1
    Days on Market46
    Last RefreshJul 16 at 8:06 am

    Property Features for 1707 S Gadsden Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    20
    Security features
    Security
    Standard status
    Active
    APN
    12073-41-01-20-504-000-0
    Size
    3,264 SF
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4042

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Number of units
    1
    Building materials
    Block, Concrete

    Listing agent Pamela Jones-Smith License #3220966

    Listing office Florida Homes Realty &Mortgage 9191 R G Skinner Pkwy #102, Jacksonville, FL

    Listing date Jun 1, 2026

    MLS# 400632

    Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This turnkey, well-maintained free-standing building is located minutes from Downtown Tallahassee. The property offers 3,264 square feet of space with an additional 623 square feet of porch area. The building has been completely remodeled and features a main entrance, professional offices, and a conference room. Ample parking is available. The property is handicap accessible and up to code on ADA requirements. Previously, the building was used as a medical office. The lot size is 0.31 acres.

    Key Highlights

    • Turnkey and well‑maintained free‑standing building.
    • Completely remodeled with a beautiful main entrance.
    • Located minutes from Downtown Tallahassee.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $68.5k $21.00
    − Vacancy −$15.1k −$4.62
    EGI $53.5k $16.38
    − OpEx −$13.4k −$4.10
    NOI $40.1k $12.29
    3,264 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $572.8K
    $501.2K – $668.3K (±1% cap)
    NOI $40,098 @ 7.0% cap · market cap 9.11%
    Second Best
    Healthcare Medical
    $552.9K
    $483.8K – $645.1K (±1% cap)
    NOI $38,706 @ 7.0% cap · market cap 8.80%
    Theoretical Best
    Office A
    $800.2K
    $700.2K – $933.6K (±1% cap)
    NOI $56,013 @ 7.0% cap · market cap 12.73%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Staffing Connection Employment Agency American Care of North ... Daycare Center

    Suggested Use

    Big Box & Wholesale Store Dental Office Storage Facility Electrical Service Building Supply Kitchen & Bath Showroom Plumbing Service Pharmacy Carpet & Flooring Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Medical Office Space - Well-maintained, remodeled commercial building with ample parking and accessibility features.
    Where is this medical office space located?
    The property is located at 1707 S Gadsden Street Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: Turnkey and well‑maintained free‑standing building.; Completely remodeled with a beautiful main entrance.; Located minutes from Downtown Tallahassee.
    Contact an agent
    (850) 294-6089
    We can help!
    Contact an agent
    Pamela Jones-Smith
    Real Estate License ID: 3220966
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