Class A Downtown Office
122 S Calhoun St Tallahassee, FL 32301
For Sale
Contact for pricing
Class A office building with an open lobby and glass conference rooms, originally built in 1970 and renovated in 2006.
Property Size8,975 SF
Price / SF$200.56
Days on Market172
Property Features for 122 S Calhoun St
General Information
- Standard status
- Active
- Size
- 8,975 SF
- Property subtype
- OFFICE
Listing Agency:
SVN | SouthLand Commercial
(850) 524-2275
Listed By:
Carlton Dean, SIOR, CCIM · License #BK3318918
(850) 524-2275
Source:
Moodyscre
Added: Feb 1
Changed: Jul 23
Last Checked: Jul 23 at 5:01AM
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 SVN | SouthLand Commercial
Investment Insights
Based on property information with market context.
This Class A office building contains 8,975 square feet of office space and features a large, open lobby along with unique glass conference rooms. Originally built in 1970 and tastefully renovated in 2006, the property blends an established build with more modern interior updates.
Located in the Central Core zoning area, the building is positioned about a 4-minute walk to the Capitol Building. The downtown Tallahassee setting supports a compact, walkable environment for office users.
With its lobby layout and conference room configuration already in place, the building provides a ready framework for professional office operations.
Located in the Central Core zoning area, the building is positioned about a 4-minute walk to the Capitol Building. The downtown Tallahassee setting supports a compact, walkable environment for office users.
With its lobby layout and conference room configuration already in place, the building provides a ready framework for professional office operations.
Key Highlights
- 8,975 SF Class A office building with a large, open lobby
- Features unique glass conference rooms
- Originally built in 1970 and renovated in 2006
Financial Insights For Office B
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 | $188.5k | $21.00 |
| − Vacancy | −$41.5k | −$4.62 |
| EGI | $147.0k | $16.38 |
| − OpEx | −$36.8k | −$4.10 |
| NOI | $110.3k | $12.29 |
8,975 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,258 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,020 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ben Crump Law, ...
Law Firm
Law Office of David ...
Law Firm
Florida Association of Managing ...
Charitable Organization
Law Offices of Robert ...
Law Firm
122 S Calhoun ...
Parking Lot & Garage
FAQs
What type of property is this?
Office building - Class A office building with an open lobby and glass conference rooms, originally built in 1970 and renovated in 2006.
Where is this office building located?
The property is located at 122 S Calhoun St Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 8,975 SF Class A office building with a large, open lobby; Features unique glass conference rooms; Originally built in 1970 and renovated in 2006
