520 W Orange Avenue Tallahassee, FL 32310
Multi-purpose building suitable for retail, office, or storage.
Property Features for 520 W Orange Avenue
General Information
- Standard status
- Active
- Size
- 1,512 SF
- Lot size
- 0.41 Acres
- Property subtype
- Commercial/Industrial
Listing office Hinson Realty (850) 224-4775
Listing date Nov 19, 2024
Source Exitrealty
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All listing content including descriptions, pricing, images are the copyrighted material of Hinson Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Multi‑purpose building suitable for retail, office, or storage.
- Includes 6 lots (30x92 each).
- Concrete block construction with high visibility.
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 | $31.8k | $21.00 |
| − Vacancy | −$7.0k | −$4.62 |
| EGI | $24.8k | $16.38 |
| − OpEx | −$6.2k | −$4.10 |
| NOI | $18.6k | $12.29 |
