Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1160 Apalachee Pkwy Tallahassee, FL 32301

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3,500 SF medical office space for lease.

    We can help!

    Listing Contact
    Jimmy Nystrom, Sior
    Source: Naiglobal

    Listing Agent: Jimmy Nystrom, Sior

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

    Learn more

    Property Insight Report

    Overview

    Medical Office Space Available

    This is a 3,500 square foot medical office space available for lease. The property is located in the Parkway Village and Center Shopping Plaza on Apalachee Parkway near Magnolia Drive. The space was formerly occupied by Patient's First. The layout includes 9 exam rooms, a nurses station, a lab area, and 3 doctor offices. The location on Apalachee Parkway benefits from an Average Annual Daily Traffic count of 31,235. The property is situated in a location near retail and downtown.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Barbara W. ... Pediatrician Placilla William J ... Pediatrician Laurie Grubbs, ARNP Physician Tracey Hellgren Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Law Firm Hair Salon Hotel & Motel

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

    Similar Places Nearby

    Novey Animal Hospital, Animal Industry Division, Houff Novey Patricia DVM, TallahasseePetCONNECT™, Petco Vaccination Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2649001
    Latitude
    30.4382783

    Nearby Similar for Sale

    • New
      $769,000
      0.25 Acres

      Historic Governor Bloxham House

      Historic building suitable for office or hospitality use.
      410 N Calhoun St, Tallahassee, FL 32301
      View Details
    • $859,900
      0.86 Acres

      Mixed-Use Investment Opportunity

      Versatile mixed-use property with diversified income potential in Tallahassee, FL.
      3976 N Monroe St, Tallahassee, FL 32303
      View Details
    • New
      $350,000
      0.43 Acres

      Self-Service Car Wash Opportunity

      Car wash business for sale in prime Tallahassee location.
      2612 S Monroe St, Tallahassee, FL 32301
      View Details
    • New
      $1,100,000
      0.38 Acres

      Renovated Downtown Tallahassee Brick Building

      Meticulously renovated property with offices, bar, and entertainment area.
      1202 E Park Ave, Tallahassee, FL 32301
      View Details
    • $779,000
      0.49 Acres

      Midtown Tallahassee Commercial Property

      Versatile commercial building in Midtown, ideal for diverse business models.
      250 E 6Th Ave, Tallahassee, FL 32303
      View Details
    • $795,000
      3,990 SF

      Office Building on Capital Circle

      Flexible office space suitable for multiple firms.
      1909 NE Capital Cir, Tallahassee, FL 32308
      View Details
    • $880,000
      1.56 Acres

      Waterfront Restaurant Opportunity on Lake Jackson

      Turn-key restaurant with lake views, ample parking, and outdoor stage.
      4806 Jackson Cove Rd, Tallahassee, FL 32303
      View Details
    • $209,000
      0.02 Acres

      Tallahassee Office/Residential End Unit

      Professional office/residential end unit in prime Midtown location.
      120 E 3Rd Ave, Tallahassee, FL 32303
      View Details
    • New
      $248,000
      0.02 Acres

      Income-Producing Office Investment Opportunity

      Office investment with strong tenancy and income growth potential.
      1740 Thomasville Rd, Tallahassee, FL 32312
      View Details
    • Contact for pricing
      150 SF

      Professional Office Space in Tallahassee

      Private office space with utilities included in Northeast Tallahassee.
      2418 Mill Creek Ct, Tallahassee, FL 32308
      View Details
    • Contact for pricing
      0.22 Acres

      Renovated Office Space For Sale

      Newly renovated office space with highway frontage and ample parking.
      8225 Woodville Hwy, Tallahassee, FL 32305
      View Details
    • $170,000
      2,500 SF

      Turn-Key Italian Restaurant Opportunity

      Fully equipped Italian restaurant with indoor and outdoor seating.
      Other City - In The, State Of Florida, FL 33772
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 3,500 SF medical office space for lease.
    Where is this medical office space located?
    The property is located at 1160 Apalachee Pkwy Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $15.
    What are key features of this property?
    This property features: - High-traffic location on Apalachee Parkway (AADT 31,235); - 3,500 SF of medical office space; - Move-in ready with **9 Exam Rooms, Nurses Station, and Lab Area**
    (850) 570-5837
    Request Owner's contact information
    1160 Apalachee Pkwy Tallahassee, FL 32301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1160 Apalachee Pkwy
    Tallahassee, FL 32301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1160 Apalachee Pkwy Tallahassee, FL 32301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jimmy Nystrom, Sior
    (850) 570-5837
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!