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    3808 N Monroe St Tallahassee, FL 32303

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    For Sale
    $920,000

    Retail property with high visibility, foot traffic, and strong income.

    Property size:
    3,200 SF
    Lot size:
    1.71 Acres

    Property Features for 3808 N Monroe St

    General Information

    Size
    3,200 SF
    Lot size
    1.71 Acres

    Source: Premier Commercial Group, LLC Agent Al Russell

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

    Overview

    Retail Property Near I-10 Interchange

    This retail property is located minutes from the I-10 interchange. The property is currently 100% occupied with NNN leases. The leases are below market rent, suggesting strong rental income potential. The property is well-maintained and benefits from high visibility and foot traffic.
    Location Intelligence

    Current Use by Public Records

    Papa Johns Pizza Pizza Restaurant Just One More Bar

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.3294865
    Latitude
    30.5009155

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    FAQs

    What type of property is this?
    Strip mall - Retail property with high visibility, foot traffic, and strong income.
    Where is this strip mall located?
    The property is located at 3808 N Monroe St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $920,000.
    What are key features of this property?
    This property features: - 100% occupancy with NNN leases; - Strong rental income potential; - Well-maintained property
    (850) 508-4242
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    3808 N Monroe St Tallahassee, FL 32303
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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
    3808 N Monroe St Tallahassee, FL 32303
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