Stand Alone Office
For Sale
$495,000
1100 E Park Ave # 1, Tallahassee, FL 32301
Office building with conference room, restrooms, parking, great signage.
Property Size2,852 SF
Days on Market238
Property Features for 1100 E Park Ave # 1
General Information
Standard status
Active
Size
2,852 SF
Class
C
Property subtype
Multi Tenant Office
Building Details
Building Size
2,852 SF
Year Built
1925
Listing Agency:
NAI TALCOR
Listed By:
Jep Dove · License #3139026
(850) 224-2300
Source:
Thebrokerlist
Added: Feb 26
Changed: Oct 9
Last Checked: Oct 20 at 5:06PM
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 NAI TALCOR
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a stand-alone office building featuring 10 offices, a conference room, and 3 restrooms. It offers great signage and includes 16 parking spaces. The property is located within walking distance to restaurants and is just minutes from downtown. It features new air conditioning and windows. The property could be used by multiple tenants. The Tax ID number is 113184 C0090.
Key Highlights
- Stand‑alone office building.
- Features 10 offices and a conference room.
- 16 parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,037
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,740
$700.7K
Cap Rate 7%
$500,529
$500.5K
Cap Rate 9%
$389,300
$389.3K
Market Conditions
NOI Build-Up for 2,852 SF
Gross rent
$59.9K $21.00/SF
− Vacancy
−$13.2K −$4.62/SF
EGI
$46.7K $16.38/SF
− OpEx
−$11.7K −$4.10/SF
NOI
$35.0K $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%
$700,740
Cap Rate 7%
$500,529
Cap Rate 9%
$389,300
Alternative Uses
Best Use
Office B
$500.5K
$438.0K – $584.0K
NOI $35,037 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$699.2K
$611.8K – $815.7K
NOI $48,943 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,586
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 - Office building with conference room, restrooms, parking, great signage.
Where is this office building located?
The property is located at 1100 E Park Ave # 1 Tallahassee, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Stand‑alone office building.; Features 10 offices and a conference room.; 16 parking spaces.
