Retail Space in Midtown
For Sale
Contact for pricing
1122 Thomasville Road, Tallahassee, FL 32303
Retail spaces available in Tallahassee's Midtown neighborhood.
Property Size21,853 SF
Price / SF$0.00
Days on Market262
Property Features for 1122 Thomasville Road
General Information
Standard status
Active
Size
21,853 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
21,853 SF
Properties For Sale
at 1122 Thomasville Road
1122 Thomasville Road STE 3
Size
1,503 SF
Term
Negotiable
Listed By:
Slaton Murray, SIOR, CCIM · License #FL #BK3372705
(850) 294-8521
Source:
Naiglobal
Added: Jan 27
Changed: Oct 1
Last Checked: Oct 16 at 7:18AM
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 Slaton Murray, SIOR, CCIM
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Investment Insights
Based on property information with market context.
Two retail spaces are available at the Manor @ Midtown development, with sizes of 1,503 SF and 1,652 SF. The Manor has been a retail and nightlife destination since its adaptive reuse transformation in 2004. The property is located in Midtown Tallahassee, Florida, and offers a significant amount of parking and outdoor community space. The location has a high walk and bike score.
Key Highlights
- Located in the coveted Midtown neighborhood with over 600 businesses.
- Premier 18‑hour retail/nightlife destination.
- Most parking in Midtown.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$212,247
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,244,940
$4.2M
Cap Rate 7%
$3,032,100
$3.0M
Cap Rate 9%
$2,358,300
$2.4M
Market Conditions
NOI Build-Up for 21,853 SF
Gross rent
$327.8K $15.00/SF
− Vacancy
−$24.6K −$1.13/SF
EGI
$303.2K $13.88/SF
− OpEx
−$91.0K −$4.16/SF
NOI
$212.2K $9.71/SF
Area
Tallahassee, FL
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,244,940
Cap Rate 7%
$3,032,100
Cap Rate 9%
$2,358,300
Alternative Uses
Best Use
Retail
$3.03M
$2.65M – $3.54M
NOI $212,247 @ 7.0% cap · market cap 1,061,235.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.36M
$4.69M – $6.25M
NOI $375,018 @ 7.0% cap · market cap 1,875,090.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,531
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 35%
Whataburger
Dining
27,666 visits/mo
0.1 miles
Circle K
Shops & Services
15,796 visits/mo
0.2 miles
Golden Corral
Dining
14,775 visits/mo
0.4 miles
SONIC Drive In
Dining
8,586 visits/mo
0.3 miles
Wells Fargo
Shops & Services
6,530 visits/mo
0.1 miles
Demographics for 32303, FL
48,644
Population
24,864
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
95%
High-School Grad
34.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$63,123
Median Household Income
$37,702
Median Earnings
$1,324
Median Rent
$204,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail spaces available in Tallahassee's Midtown neighborhood.
Where is this retail space located?
The property is located at 1122 Thomasville Road Tallahassee, FL.
What are key features of this property?
This property features: Located in the coveted Midtown neighborhood with over 600 businesses.; Premier 18‑hour retail/nightlife destination.; Most parking in Midtown.
