1577 Metropolitan Boulevard 3 Tallahassee, FL 32308
Live and work in this conveniently located Tallahassee property.
Property Features for 1577 Metropolitan Boulevard 3
General Information
- Standard status
- Active
- Size
- 1,826 SF
- Lot size
- 0.66 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2022
Listing office Sunflower Real Estate LLC (850) 445-0033
Listing date Jun 21, 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 Sunflower Real Estate LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Excellent location suitable for both residential and business use.
- Smart home system installed.
- First floor adaptable as office or guest room with Murphy bed.
Local 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 | $38.3k | $21.00 |
| − Vacancy | −$8.4k | −$4.62 |
| EGI | $29.9k | $16.38 |
| − OpEx | −$7.5k | −$4.10 |
| NOI | $22.4k | $12.29 |
