Historic Governor Bloxham
410 N Calhoun Street, Tallahassee, FL 32301
Historic building near Capitol, suitable for various commercial uses.
Type:Commercial/Industrial
Property size:
4,977 SFPrice / SF:
$195/SF- Added:
- Oct 5, 2024
- Days on Market:
- 602
- Last Refresh:
- May 27 at 9:56 am
Property Features for 410 N Calhoun Street
General Information
- Standard status
- Active
- Size
- 4,977 SF
- Property subtype
- Commercial/Industrial
Listing agent Nancy C Stedman License #0551783 (850) 545-7074
Listing office Coldwell Banker Hartung (850) 545-7074
Listing date Oct 5, 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 Coldwell Banker Hartung
HighLights
- Historic Significance: Residence of two governors and a landmark building dating back to 1844.
- Prime Location: Close proximity to the Capitol, restaurants, and law firms.
- Income Potential: Previously operated as a successful guest house/Airbnb.
- Restored Condition: Complete restoration performed between 1979‑1981.
- Original Features: Boasts original heart pine flooring and a grand porch.
- Furnished: The house comes furnished, minus a few family items.
Overview
The Governor Bloxham House, constructed in 1844, has served as a residence for two governors and has functioned as a hotel, office space, and most recently, a guest house/Airbnb. The property features a porch leading to an entry hall, large spaces with original heart pine flooring, and a half bath on the main floor. The kitchen is spacious, and the other floors include full bathrooms. The rear yard provides parking spaces. The building is located in close proximity to the Capitol, restaurants, and law firms. A complete restoration of the building was conducted between 1979 and 1981. The property spans 4,977 square feet and includes four fireplaces (functionality unknown). The house is being sold furnished, with the exception of a few framed pieces belonging to the family. The property's past uses suggest potential for hospitality or office-related businesses.
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 | $104.5k | $21.00 |
| − Vacancy | −$23.0k | −$4.62 |
| EGI | $81.5k | $16.38 |
| − OpEx | −$20.4k | −$4.10 |
| NOI | $61.1k | $12.29 |
4,977 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$873.5K
$764.3K – $1.02M
NOI $61,142 @ 7.0% cap · market cap 6.27%
Second Best
Hotel Hospitality
$304.0K
$266.0K – $354.6K
NOI $21,277 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,410 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Governor Bloxham House
Tour Operator
Similar Places Nearby
- Town Tallahassee Apts — 302 e georgia st, tallahassee, fl 32301
- Anel Herra — 307 w park ave, tallahassee, fl 32301
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.2798045
- Latitude
- 30.4462919
Nearby Similar for Sale
FAQs
What type of property is this?
Bed & breakfast - Historic building near Capitol, suitable for various commercial uses.
Where is this bed & breakfast located?
The property is located at 410 N Calhoun Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Historic Significance: Residence of two governors and a landmark building dating back to 1844.; Prime Location: Close proximity to the Capitol, restaurants, and law firms.; Income Potential: Previously operated as a successful guest house/Airbnb.
