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    5067 Tennessee Capital Blvd Tallahassee, FL 32303

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    For Sale
    $6,795,000

    Long-term leased investment opportunity with the State of Florida.

    Lot size:
    4.28 Acres

    Property Features for 5067 Tennessee Capital Blvd

    General Information

    Lot size
    4.28 Acres

    Building Details

    Year built
    2005

    Source: YELLOW ROCK REALTY CORP Agent Marco Romero

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

    Overview

    Florida State Leased Investment

    This property offers a long-term lease opportunity with the State of Florida, which holds a AAA investment rating. All required improvements for the tenant have been completed. The HVAC system was replaced in 2021, and the membrane roofing has been redone. New awnings, a loading dock lift, bathrooms, and flooring have also been installed. These upgrades ensure that the property effectively meets the tenant's needs. The property is located at 5067 TENNESSEE CAPITAL Blvd, Tallahassee, FL 32303 and offers a 6.0% Cap Rate.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.3661545
    Latitude
    30.4597046

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    FAQs

    What type of property is this?
    Office building - Long-term leased investment opportunity with the State of Florida.
    Where is this office building located?
    The property is located at 5067 Tennessee Capital Blvd Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $6,795,000.
    What are key features of this property?
    This property features: - Long-term lease with the State of Florida (AAA investment rating); - Excellent 6.0% Cap Rate; - All required tenant improvements completed
    (407) 450-9244
    Request Owner's contact information
    5067 Tennessee Capital Blvd 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
    5067 Tennessee Capital Blvd Tallahassee, FL 32303
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