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    541-545 E Tennessee St Tallahassee, FL 32308

    For Sale
    $1,500,000

    Two office buildings on 1.33 acres suitable for redevelopment.

    Property size:
    20,148 SF

    Property Features for 541-545 E Tennessee St

    General Information

    Size
    20,148 SF

    Source: Jim Taube, CCIM Agent Jim Taube, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Story Office Buildings on 1.33 Acres

    Two 2-story office buildings are situated on 1.33 acres. The property accommodates 14 different tenants, with suite sizes ranging from single offices to 1,800 square feet. Approximately 1 acre with 258 feet fronting on Tennessee Street is zoned Central Urban (CU-45), which allows residential redevelopment at a density of 45 units per acre. The remaining 0.28 acres on the south end of the property fronts on Call Street and is zoned RP-2 (Residential Preservation). The property is located east of Monroe Street, across from Leon High School, and a few blocks from downtown. The CU-45 zoning allows a wide variety of commercial uses.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2755893
    Latitude
    30.4442223

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    FAQs

    What type of property is this?
    Office building - Two office buildings on 1.33 acres suitable for redevelopment.
    Where is this office building located?
    The property is located at 541-545 E Tennessee St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - CU-45 zoning allows residential redevelopment of 45 units per acre on approximately 1 acre.; - 1.33 acres suitable for redevelopment.; - Two 2-story office buildings with 14 tenants provide current income.
    (850) 545-5649
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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
    541-545 E Tennessee St Tallahassee, FL 32308
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