Add Listing
    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

    3497 N Monroe St Tallahassee, FL 32303

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,500,000

    Gas station with business and real estate for sale.

    Lot size:
    0.72 Acres

    Property Features for 3497 N Monroe St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.72 Acres

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Ojiyi Ingram
    Source: Elliman

    Listing Agent: Ojiyi Ingram

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

    Learn more

    Overview

    Gas Station with Eight Pumps

    This property features a gas station with eight pumps. The sale includes both the business and the real estate.
    Location Intelligence

    Current Use by Public Records

    Fast Lane Gas Station Cardtronics ATM Atm Chevron Gas Station

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.3234744
    Latitude
    30.4925124

    Nearby Similar for Sale

    • New
      $769,000
      0.25 Acres

      Historic Governor Bloxham House

      Historic building suitable for office or hospitality use.
      410 N Calhoun St, Tallahassee, FL 32301
      View Details
    • $859,900
      0.86 Acres

      Mixed-Use Investment Opportunity

      Versatile mixed-use property with diversified income potential in Tallahassee, FL.
      3976 N Monroe St, Tallahassee, FL 32303
      View Details
    • New
      $350,000
      0.43 Acres

      Self-Service Car Wash Opportunity

      Car wash business for sale in prime Tallahassee location.
      2612 S Monroe St, Tallahassee, FL 32301
      View Details
    • New
      $1,100,000
      0.38 Acres

      Renovated Downtown Tallahassee Brick Building

      Meticulously renovated property with offices, bar, and entertainment area.
      1202 E Park Ave, Tallahassee, FL 32301
      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
    • $795,000
      3,990 SF

      Office Building on Capital Circle

      Flexible office space suitable for multiple firms.
      1909 NE Capital Cir, Tallahassee, FL 32308
      View Details
    • $880,000
      1.56 Acres

      Waterfront Restaurant Opportunity on Lake Jackson

      Turn-key restaurant with lake views, ample parking, and outdoor stage.
      4806 Jackson Cove Rd, Tallahassee, FL 32303
      View Details
    • $209,000
      0.02 Acres

      Tallahassee Office/Residential End Unit

      Professional office/residential end unit in prime Midtown location.
      120 E 3Rd Ave, Tallahassee, FL 32303
      View Details
    • New
      $248,000
      0.02 Acres

      Income-Producing Office Investment Opportunity

      Office investment with strong tenancy and income growth potential.
      1740 Thomasville Rd, Tallahassee, FL 32312
      View Details
    • Contact for pricing
      150 SF

      Professional Office Space in Tallahassee

      Private office space with utilities included in Northeast Tallahassee.
      2418 Mill Creek Ct, Tallahassee, FL 32308
      View Details
    • Contact for pricing
      0.22 Acres

      Renovated Office Space For Sale

      Newly renovated office space with highway frontage and ample parking.
      8225 Woodville Hwy, Tallahassee, FL 32305
      View Details
    • $170,000
      2,500 SF

      Turn-Key Italian Restaurant Opportunity

      Fully equipped Italian restaurant with indoor and outdoor seating.
      Other City - In The, State Of Florida, FL 33772
      View Details

    FAQs

    What type of property is this?
    Gas station - Gas station with business and real estate for sale.
    Where is this gas station located?
    The property is located at 3497 N Monroe St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Business and Real Estate combo; - Fastlane gas station; - Features 8 pumps
    (954) 726-6275
    Request Owner's contact information
    3497 N Monroe St 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.
    3497 N Monroe St
    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
    3497 N Monroe St 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
    Ojiyi Ingram
    Real Estate License ID: 3039712
    (954) 726-6275 (954) 347-8117 (954) 726-3339
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!