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    818 Brevard St Tallahassee, FL 32304

    For Sale
    $5,000,000

    Prime FSU location, 1.71 acres, high rental income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity encompasses an entire city block near Florida State University on West Brevard Street in Tallahassee, Florida. The property consists of 1.71 acres and includes multiple buildings and vacant lots, all zoned CU-18. The assemblage offers significant potential for redevelopment or continued operation as a mixed-use property. Currently, the income-generating components include a food truck tenant generating $2,500 monthly rent, a tenant-occupied building at 808 W. Brevard St. (998 sq ft) with $1,000 monthly rent, and a duplex at 804 W. Brevard St. (912 sq ft) generating $1,400 monthly rent. Additionally, a commercial building at 820, 818, and 816 W. Brevard St. (totaling 2,128 sq ft) is currently owner-occupied, along with two other owner-occupied buildings on the property. A vacant duplex at 800 W. Brevard St. (2,188 sq ft) and a vacant lot at 706 Dean St. (0.07 acres) present further development opportunities. Buyer is responsible for verifying all square footage. This is a rare chance to acquire a substantial, income-producing property in a high-demand area. The property's strategic location near FSU ensures strong tenant demand and future appreciation potential. All parcels are zoned CU-18.

    Property Features for 818 Brevard St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    74,488 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sweety Eaties Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.29612
    Latitude
    30.4494

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    FAQs

    What type of property is this?
    Commercial real estate - Prime FSU location, 1.71 acres, high rental income.
    Where is this commercial real estate located?
    The property is located at 818 Brevard St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $5,000,000.
    (850) 201-4663
    Request Owner's contact information
    818 Brevard St Tallahassee, FL 32304
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    Tallahassee, FL 32304
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    Realmo Value Estimation

    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.

    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.

    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
    818 Brevard St Tallahassee, FL 32304
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