Tallahassee Flex Warehouse For
For Sale
Contact for pricing
3360 Raymond Diehl Bus Lane Rd, Tallahassee, FL
3,000 SF fully conditioned flex warehouse in NE Tallahassee.
Property Size3,000 SF
Lot Size1.53 Acres
Price / SF$150
Days on Market902
Property Features for 3360 Raymond Diehl Bus Lane Rd
General Information
Standard status
Active
Size
3,000 SF
Lot size
1.53 Acres
Property subtype
OFFICE
Listing Agency:
Maximum One Realtor Partners
(678) 782-5050
Listed By:
Alan Richardson · License #327307
Source:
Moodyscre
Added: Apr 23, 2024
Changed: Oct 11
Last Checked: Oct 11 at 9:13AM
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 Maximum One Realtor Partners
Investment Insights
Based on property information with market context.
This 3,000 square foot flex warehouse is located in the northeast sector of Tallahassee. The fully conditioned interior is accessible through double glass doors. The unit features a full dock high level suitable for pallet-sized deliveries. The property's location provides convenient access to I-10 and Thomasville Road.
Key Highlights
- Fully conditioned flex warehouse with a fully conditioned interior.
- NE Tallahassee location near I‑10 and Thomasville Road.
- Access through double glass doors behind a full dock high level.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,378
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,560
$467.6K
Cap Rate 7%
$333,971
$334.0K
Cap Rate 9%
$259,756
$259.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$28.8K $9.60/SF
− Vacancy
−$1.3K −$0.43/SF
EGI
$27.5K $9.17/SF
− OpEx
−$4.1K −$1.38/SF
NOI
$23.4K $7.79/SF
Area
Tallahassee, FL
Vacancy
4.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,560
Cap Rate 7%
$333,971
Cap Rate 9%
$259,756
Alternative Uses
Best Use
Warehouse
$334.0K
$292.2K – $389.6K
NOI $23,378 @ 7.0% cap · market cap 5.20%
Second Best
Flex RnD
$310.9K
$272.0K – $362.7K
NOI $21,762 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$735.5K
$643.5K – $858.1K
NOI $51,483 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - 3,000 SF fully conditioned flex warehouse in NE Tallahassee.
Where is this flex space located?
The property is located at 3360 Raymond Diehl Bus Lane Rd Tallahassee, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully conditioned flex warehouse with a fully conditioned interior.; NE Tallahassee location near I‑10 and Thomasville Road.; Access through double glass doors behind a full dock high level.
