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    3196 Merchants Row Blvd Tallahassee, FL 32311

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    For Sale
    $5,990,000

    32,590 SF NNN asset in Tallahassee, Florida for sale.

    Property size:
    32,590 SF
    Lot size:
    0.76 Acres

    Property Features for 3196 Merchants Row Blvd

    General Information

    Size
    32,590 SF
    Lot size
    0.76 Acres

    Source: Sands Investment Group (SIG) | Fort Lauderdale Agent Andrew Ackerman

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

    Overview

    Southwood Town Center Retail Asset

    The Southwood Town Center, a 32,590 square foot retail asset, is available for sale. Located at 3196 & 3197 Merchants Row Boulevard in Tallahassee, FL, the property features net leases where tenants reimburse their pro-rata share of operating expenses, repairs, and maintenance.
    Location Intelligence

    Current Use by Public Records

    Subway Caterer Center for Orthopedic and Sports ... Physical Therapy Clinic Glasswing Goods Fashion Accessories Store Canopy Road Café American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

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

    Similar Places Nearby

    Southwood Town Center

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2239245
    Latitude
    30.3919442

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    FAQs

    What type of property is this?
    Shopping center - 32,590 SF NNN asset in Tallahassee, Florida for sale.
    Where is this shopping center located?
    The property is located at 3196 Merchants Row Blvd Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $5,990,000.
    What are key features of this property?
    This property features: - 32,590 SF Southwood Town Center NNN Asset; - Located at 3196 & 3197 Merchants Row Boulevard in Tallahassee, FL; - Net Leases in Place
    (770) 626-0445
    Request Owner's contact information
    3196 Merchants Row Blvd Tallahassee, FL 32311
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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
    3196 Merchants Row Blvd Tallahassee, FL 32311
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