101 Glenview Dr, Tallahassee, FL 32303
1.2-acre multifamily redevelopment project available in Tallahassee, Florida.
- Added:
- Jun 26, 2024
- Days on Market:
- 714
- Last Refresh:
- May 13 at 8:14 pm
Property Features for 101 Glenview Dr
General Information
- Standard status
- Active
- Size
- 16,523 SF
- Lot size
- 1.20 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1945
Listing agent Logan Short License #SL3604499
Listing office Premier Commercial Group
Listing date Jun 26, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Premier Commercial Group
HighLights
- 1.2 Acre Multi‑Family Redevelopment Project
- Located in Tallahassee, Florida
- For Sale by Premier Commercial Group
- Sale Price: $1.9 Million
- Commercial Property
- Year Built: 1945
Overview
Local Financial Insights For Apartment 5plus
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 | $297.4k | $18.00 |
| − Vacancy | −$23.8k | −$1.44 |
| EGI | $273.6k | $16.56 |
| − OpEx | −$123.1k | −$7.45 |
| NOI | $150.5k | $9.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.2823745
- Latitude
- 30.4649157
