Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1800 Thomasville Rd Tallahassee, FL 32303

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail property for sale in Tallahassee's Midtown area.

    Property size:
    92,067 SF

    Property Features for 1800 Thomasville Rd

    General Information

    Size
    92,067 SF

    We can help!

    Listing Contact
    Debbie Ashlin
    Source: Naiglobal

    Listing Agent: Debbie Ashlin

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

    Learn more

    Overview

    Retail Space in Midtown Tallahassee

    Capital Plaza is a shopping center located on Thomasville Road in the Midtown area of Tallahassee, directly across the street from the new Whole Foods Market Shopping Center. The property has two entrances, including a signalized intersection, and benefits from high visibility. Daily traffic count on Thomasville Road is 31,500. Tenants include Five Guys, Milano Pizza, Margaritas & Cocina, Cluster & Hop, Salon Centric, Fit & Functional, Sherwin Williams, Polished Nail Salon, and Healthy Pet. The property has a total size of 92,067 square feet.
    Location Intelligence

    Current Use by Public Records

    Big Bend Bass ... Club Casa Grande Margaritas ... Mexican Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Capital Plaza, Lake ella Plaza, Miracle Plaza, Coin Cloud Bitcoin ATM, Florida MV Express Kiosk

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2722799
    Latitude
    30.464008

    Nearby Similar for Sale

    • $589,000
      0.17 Acres

      Tallahassee Commercial Building For Sale

      Two-story commercial building in Tallahassee, offering investment or owner-user opportunity.
      1355 E Lafayette St, Tallahassee, FL 32301
      View Details
    • New
      $779,000

      New Build Duplex Investment

      New 2025 duplex with modern finishes and prime location.
      226 E Bradford Rd, Tallahassee, FL 32303
      View Details
    • New
      $550,000

      Income-Producing Property on 10.52 Acres

      10.52-acre income property with homes and mobile homes.
      11350 Granny Ln, Tallahassee, FL 32305
      View Details
    • $779,000
      0.49 Acres

      Midtown Tallahassee Commercial Property

      Versatile commercial building in Midtown, ideal for diverse business models.
      250 E 6Th Ave, Tallahassee, FL 32303
      View Details
    • $375,000
      0.17 Acres

      Tallahassee Historic Office Opportunity

      Charming 1926 building near Capitol and Leon County Library.
      128 N Bronough St, Tallahassee, FL 32301
      View Details
    • $425,000
      0.28 Acres

      Mid-Century Office Conversion, Tallahassee

      Updated mid-town property zoned for multiple uses.
      104 W 4Th Ave, Tallahassee, FL 32303
      View Details
    • $450,000
      0.13 Acres

      Midtown Tallahassee Mixed-Use Opportunity

      Prime location near shops, bars, and eateries.
      231 Lafayette Cir, Tallahassee, FL 32303
      View Details
    • $579,000

      Tallahassee Quadruplex Investment Opportunity

      1940s brick quadruplex near State Capitol, FSU, and FAMU.
      202 E Bradford Rd, Tallahassee, FL 32303
      View Details
    • $410,000

      Tallahassee Duplex with Expansion Potential

      Income-generating duplex with development potential in Tallahassee, Florida.
      2227 Willie Vause Rd, Tallahassee, FL 32303
      View Details
    • New
      $325,000

      Spacious Triplex Near Universities

      Triplex near universities, buildable lot, investment or house-hack opportunity.
      1292 Rumba Ln, Tallahassee, FL 32304
      View Details
    • New
      $249,000

      Renovated Duplex Near Tallahassee State College

      Duplex with renovated unit and tenant in place.
      1556 Patrick Ave, Tallahassee, FL 32310
      View Details
    • $200,000
      0.26 Acres

      Tallahassee Commercial Building For Sale

      5,444 sq. ft. commercial building in Tallahassee, Florida.
      2025 S Monroe St, Tallahassee, FL 32301
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail property for sale in Tallahassee's Midtown area.
    Where is this shopping center located?
    The property is located at 1800 Thomasville Rd Tallahassee, FL.
    What are key features of this property?
    This property features: - Directly across the street from Whole Foods Market in the rapidly growing Midtown area.; - Located on Thomasville Road with excellent visibility.; - High daily traffic count of 31,500 on Thomasville Road.
    (850) 544-5677
    Request Owner's contact information
    1800 Thomasville Rd Tallahassee, FL 32303
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1800 Thomasville Rd
    Tallahassee, FL 32303
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1800 Thomasville Rd Tallahassee, FL 32303
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Debbie Ashlin
    (850) 544-5677
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.