Turnkey Office Building Near
For Sale
$440,000
1707 S Gadsden, Tallahassee, FL 32301
SINGLE_FAMILY - Other - Tallahassee, FL
Property Size3,264 SF
Lot Size0.31 Acres
Price / SF$134.80
Days on Market62
Property Features for 1707 S Gadsden
General Information
Property type
Residential
Property subtype
Office
Subdivision
5940 Florida Other
Standard status
Active
APN
4101205040000
Lot size
0.31 Acres
Building Details
Architectural style
Other
Listing Agency:
Keller Williams Realty Premier Properties
(305) 595-2844
Listed By:
Yalian Serrano · License #3252409
(305) 213-4680
Added: Jun 6
Changed: Jun 30
Last Checked: Aug 6 at 2:06AM
MLS# A12021541
Copyright © 2026 Miami 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, previously used as a medical office, measures 3,264 square feet 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. It is handicap accessible, up to code on ADA requirements, and includes ample parking. The lot size is 0.31 acres.
Key Highlights
- Free‑standing building with 3,264 SF plus 623 SF of porch area
- Previously used as a medical office with professional office and conference room space
- Completely remodeled and described as well‑maintained
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
NOI $40,098 @ 7.0% cap · market cap 9.11%
Second Best
Healthcare Medical
$552.9K
$483.8K – $645.1K
NOI $38,706 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$800.2K
$700.2K – $933.6K
NOI $56,013 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,701
Businesses Nearby
Explore this area
Business Placement
Demographics for 32301, FL
29,686
Population
17,029
Households
1.7
Avg Household Size
32
Median Age
45%
College-Educated
92%
High-School Grad
10.2 sq mi
ZIP Area
2,910
Density / Sq Mi
$50,412
Median Household Income
$34,271
Median Earnings
$1,200
Median Rent
$211,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained, remodeled office building with ample parking near downtown Tallahassee.
Where is this office building located?
The property is located at 1707 S Gadsden 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: Free‑standing building with 3,264 SF plus 623 SF of porch area; Previously used as a medical office with professional office and conference room space; Completely remodeled and described as well‑maintained
