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    Blountstown Highway Commercial Property Title is generated by Realmo AI

    18958 Blountstown Highway, Tallahassee, FL 32310

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    For Sale
    $205,000

    Commercial property on Blountstown Highway, suitable for retail or industrial.

    Type:Commercial/Industrial
    Property size:
    1,553 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $132/SF
    Added:
    May 11, 2024
    Days on Market:
    790
    Last Refresh:
    Jun 28 at 3:51 pm

    Property Features for 18958 Blountstown Highway

    General Information

    Standard status
    Active
    Size
    1,553 SF
    Lot size
    2.00 Acres
    Property subtype
    Commercial/Industrial

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    R. Clark Smith
    R. Clark Smith

    Listing office TLG Real Estate Services, PLLC

    Listing date May 11, 2024

    Source Exitrealty

    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 TLG Real Estate Services, PLLC

    HighLights

    • Perfect location for a convenient store.
    • Ideal location for an industrial type business.
    • Currently being used as a tire store.

    Overview

    This commercial property, currently operating as a tire store, is located on Blountstown Highway. The property offers 1553 square feet of space. The location is suitable for a convenience store or an industrial-type business.

    Local Financial Insights For Specialty Retail

    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 $25.2k $16.20
    − Vacancy −$1.5k −$0.97
    EGI $23.6k $15.23
    − OpEx −$5.9k −$3.81
    NOI $17.7k $11.42
    1,553 SF · lease $16.20/SF/yr · vacancy 6.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $253.4K
    $221.7K – $295.6K (±1% cap)
    NOI $17,737 @ 7.0% cap · market cap 8.65%
    Second Best
    Retail
    $215.5K
    $188.6K – $251.4K (±1% cap)
    NOI $15,084 @ 7.0% cap · market cap 7.36%
    Theoretical Best
    Office A
    $380.7K
    $333.1K – $444.2K (±1% cap)
    NOI $26,651 @ 7.0% cap · market cap 13.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ron's Enterprises Auto Repair Shop

    Suggested Use

    Auto Repair Shop Auto Parts Store Plumbing Service Kitchen & Bath Showroom HVAC Service Accounting Firm Coworking & Hybrid Office

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

    Similar Places Nearby

    • Storage King USA — 942 Capital Cir SW, Tallahassee, FL 32304
    • U-Haul Neighborhood Dealer — 32303, Industrial Plaza Drive, Tallahassee, FL 32303
    • Budget Car Rental — 3108 W Tennessee St, Tallahassee, FL 32304
    • OakTree Automotive — 3970 S Century Park Cir C, Tallahassee, FL 32304

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.5618495
    Latitude
    30.4062869

    FAQs

    What type of property is this?
    Automotive property - Commercial property on Blountstown Highway, suitable for retail or industrial.
    Where is this automotive property located?
    The property is located at 18958 Blountstown Highway Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $205,000.
    What are key features of this property?
    This property features: Perfect location for a convenient store.; Ideal location for an industrial type business.; Currently being used as a tire store.
    More about this property
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