1208 Springsax Road Tallahassee, FL 32305
Three tenant-occupied units are offered with long-term occupancy in a triplex format.
Property Features for 1208 Springsax Road
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Property subtype
- Multifamily
Listing office Keller Williams Town & Country
Listing date Jul 8, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Town & Country
Investment Insights
Based on property information with market context.
Showings are by appointment only and the tenants should not be disturbed. Access for viewings will be arranged with an accepted contract or proof of funds, if applicable.
The buyer is responsible for verifying all measurements, financials, and lease information, and the listing agent can provide additional details and a rent roll upon request.
Key Highlights
- Triplex with three tenant‑occupied units
- All three units are tenant occupied with long‑term tenants
- Current rents are below market value, indicating potential future income growth
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.0k | $16.20 |
| − Vacancy | −$2.7k | −$1.23 |
| EGI | $32.3k | $14.97 |
| − OpEx | −$9.7k | −$4.49 |
| NOI | $22.6k | $10.48 |
