Tallahassee Premier Office
For Sale
Contact for pricing
106 E College Ave., Tallahassee, FL 32301
Class A office building in the heart of downtown Tallahassee.
Property Size35,524 SF
Price / SF$0.00
Days on Market331
Property Features for 106 E College Ave.
General Information
Standard status
Active
Size
35,524 SF
Class
A
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
35,524 SF
Properties For Sale
at 106 E College Ave. Contact us11th Floor
Size
3,421 SF
Type
Office Building
Term
Negotiable
14th Floor
Size
2,774 SF
Type
Office Building
Term
Negotiable
Listed By:
Jimmy Nystrom, SIOR
(850) 570-5837
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 6
Last Checked: Oct 16 at 7:00AM
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 Jimmy Nystrom, SIOR
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Investment Insights
Based on property information with market context.
Highpoint Center, situated at 106 East College Avenue in Tallahassee, is a Class A office building offering up to 83,376 square feet of rentable office space. The building features on-site property management and secure after-hour and weekend access via card entrance. Conveniently located in the heart of downtown Tallahassee, it is in close proximity to the Capitol and Florida State University. The property has 5,658 rentable square feet available on the top two floors. Full floors of approximately 9,300 square feet are available. The building is equipped with four elevators and on-site parking. Tallahassee, Florida's Capital City, attracts visitors from across the state and nation to its downtown area, known for parks, boutique hotels, dining, museums, arts, music, and natural resources. The city is also home to Florida State University, Tallahassee Community College, and Florida A&M University.
Key Highlights
- Premier Class "A" office building in downtown Tallahassee.
- Up to 83,376 SF of rentable office space available.
- Convenient location in close proximity to the Capitol and FSU.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$436,412
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,728,240
$8.7M
Cap Rate 7%
$6,234,457
$6.2M
Cap Rate 9%
$4,849,022
$4.8M
Market Conditions
NOI Build-Up for 35,524 SF
Gross rent
$746.0K $21.00/SF
− Vacancy
−$164.1K −$4.62/SF
EGI
$581.9K $16.38/SF
− OpEx
−$145.5K −$4.10/SF
NOI
$436.4K $12.29/SF
Area
Tallahassee, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,728,240
Cap Rate 7%
$6,234,457
Cap Rate 9%
$4,849,022
Alternative Uses
Best Use
Office B
$6.23M
$5.46M – $7.27M
NOI $436,412 @ 7.0% cap · market cap 1,558,614.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.71M
$7.62M – $10.16M
NOI $609,626 @ 7.0% cap · market cap 2,177,235.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,060
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Class A office building in the heart of downtown Tallahassee.
Where is this office building located?
The property is located at 106 E College Ave. Tallahassee, FL.
What are key features of this property?
This property features: Premier Class "A" office building in downtown Tallahassee.; Up to 83,376 SF of rentable office space available.; Convenient location in close proximity to the Capitol and FSU.
