Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1909 NE Capital Cir, Unit unit 100 & 200 Tallahassee, FL 32308

    Sponsored
    For Sale
    $795,000

    SINGLE_FAMILY - Tallahassee, FL

    Type:Office
    Property size:
    3,990 SF
    Lot size:
    0.58 Acres
    Days on Market:
    24
    Last Refresh:
    Feb 6 at 4:06 am

    Property Features for 1909 NE Capital Cir

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    12073-11-21-06- A-001-0
    Size
    3,990 SF
    Lot size
    0.58 Acres

    Building Details

    Number of units
    2

    We can help!

    Listing Contact
    Patrick Darden

    Darden Real Estate Company (850) 906-0800

    Listing agent Patrick A Darden (850) 906-0800 License #3488427

    Listing date Jan 14, 2026

    MLS# 394921

    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.

    Learn more

    Property Insight Report

    Overview

    Office Building on Capital Circle

    This office building offers flexible space that can accommodate multiple firms. The unit, located on Capital Circle, can be divided to house one business downstairs with 2500 square feet and another upstairs with 1490 square feet. The property is situated on a 0.58-acre lot in Tallahassee, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Darden Property Management Property Management Company Moore Charles E ... Physician Tlh Realty Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.23308
    Latitude
    30.473529

    Nearby Similar for Sale

    • $200,000

      Turnkey Pastry Production Business

      Fully equipped pastry production business with multiple revenue streams.
      1786 N Semoran Blvd, State Of Florida, FL 32792
      View Details
    • $589,000
      0.17 Acres

      Tallahassee Commercial Building For Sale

      Two-story commercial building in Tallahassee, offering investment or owner-user opportunity.
      1355 E Lafayette St, Tallahassee, FL 32301
      View Details
    • $779,000

      New Build Duplex Investment

      New 2025 duplex with modern finishes and prime location.
      226 E Bradford Rd, Tallahassee, FL 32303
      View Details
    • $880,000
      1.56 Acres

      Waterfront Restaurant Opportunity on Lake Jackson

      Turn-key restaurant with lake views, ample parking, and outdoor stage.
      4806 Jackson Cove Rd, Tallahassee, FL 32303
      View Details
    • New
      $779,000
      0.25 Acres

      Historic Governor Bloxham House

      Historic Tallahassee building suitable for office or hospitality use.
      410 N Calhoun St, Tallahassee, FL 32301
      View Details
    • $550,000

      Income-Producing Property on 10.52 Acres

      10.52-acre income property with homes and mobile homes.
      11350 Granny Ln, Tallahassee, FL 32305
      View Details
    • $779,000
      0.49 Acres

      Midtown Tallahassee Commercial Property

      Versatile commercial building in Midtown, ideal for diverse business models.
      250 E 6Th Ave, Tallahassee, FL 32303
      View Details
    • $375,000
      0.17 Acres

      Tallahassee Historic Office Opportunity

      Charming 1926 building near Capitol and Leon County Library.
      128 N Bronough St, Tallahassee, FL 32301
      View Details
    • $425,000
      0.28 Acres

      Mid-Century Office Conversion, Tallahassee

      Updated mid-town property zoned for multiple uses.
      104 W 4Th Ave, Tallahassee, FL 32303
      View Details
    • $450,000
      0.13 Acres

      Midtown Tallahassee Mixed-Use Opportunity

      Prime location near shops, bars, and eateries.
      231 Lafayette Cir, Tallahassee, FL 32303
      View Details
    • $579,000

      Tallahassee Quadruplex Investment Opportunity

      1940s brick quadruplex near State Capitol, FSU, and FAMU.
      202 E Bradford Rd, Tallahassee, FL 32303
      View Details
    • $450,000

      Profitable Coastal Rental Business Opportunity

      Turnkey rental business with high sales and growth potential.
      2239 15Th St, State Of Florida, FL 34237
      View Details

    FAQs

    What type of property is this?
    Office space - Flexible office space suitable for multiple firms.
    Where is this office space located?
    The property is located at 1909 NE Capital Cir, Unit unit 100 & 200 Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Flexible space perfect for two separate businesses.; - Frontage on Capital Circle.; - Downstairs space offers 2500 sq ft.
    (850) 906-0800
    Request Owner's contact information
    1909 NE Capital Cir, Unit unit 100 & 200 Tallahassee, FL 32308
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1909 NE Capital Cir, Unit unit 100 & 200
    Tallahassee, FL 32308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1909 NE Capital Cir, Unit unit 100 & 200 Tallahassee, FL 32308
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Patrick Darden
    Real Estate License ID: 3488427
    (850) 906-0800
    Learn more
    Google sign-in failed. Please try again or use another login method.