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Property profile & analytics
FOR SALE
Office buildings

2011 S Adams St Tallahassee, FL 32301

7,168 SF 0.82 ac lot Built 1939
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US18-2732640
2011 S Adams St, Tallahassee, FL 32301 For Sale
$800,000 7,168 SF
2011 S Adams St, Tallahassee, FL 32301
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Property summary
AI-generated overview

This exceptional 0.82-acre property at 2011 S Adams Street in Tallahassee, Florida, presents a compelling mixed-use redevelopment opportunity within the vibrant SOMO District. Currently featuring a partially renovated existing building, this site offers significant potential for a variety of future uses, thanks to its CU-45 zoning designation. The property boasts excellent street frontage along South Adams Street, providing high visibility and accessibility. Convenient ingress and egress points are available from both Kestner Street to the south and Perkins Street to the north, ensuring ease of access for both customers and employees. The asking price is $800,000. This is an ideal investment for developers seeking a strategic location in a rapidly growing area with a flexible zoning classification that allows for creative and diverse project plans. The existing structure provides a solid foundation for a renovation or adaptive reuse project, minimizing initial development costs and accelerating the timeline to occupancy. The property's prominent location and versatile zoning make it a highly attractive proposition for a range of commercial ventures. Serious inquiries are encouraged to explore the full potential of this unique redevelopment opportunity. The property is located in Tallahassee, Florida.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1939
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,168 SF
Lot 0.82 ac (35,719 SF)
APN 41-01-50- N-001-0
UPID US18-2732640
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$858k
Blend (final) Blend
$770k
Owner & transaction history
C B Enterprise Nc L L C · 7 yrs held
C B Enterprise Nc L L C
since 2018
5 recorded transactions
2021
Price N/A
2020
Price N/A
2018
$400,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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