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    Retail Shopping Center Opportunity Title is generated by Realmo AI

    3030 S Monroe St, Tallahassee, FL 32301

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    Anchored by strong south-side visibility and frontage along major arterials.

    Type:Retail
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:51 am

    Property Features for 3030 S Monroe St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1998

    Properties For Sale

    at 3030 S Monroe St Contact us

    We can help!

    Listing Contact
    Bryan Cureton
    Bryan Cureton

    Listing agent Bryan Cureton License #670038

    Listing office TLG Real Estate Services

    Listing date Jun 2, 2026

    Source Tlgproperty

    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

    HighLights

    • Year built 1998
    • Shopping center on the south side of Tallahassee, one of only two major centers in the area
    • Join neighboring retailers including McDonald's, Taco Bell, Wendy's, Burger King, Planet Fitness, CVS, Piggly Wiggly, Family Dollar, and Citi Trends
    • Access from S Monroe St. and S Adams St., with lighted intersections at both entry points
    • Great visibility and frontage on S Monroe St.
    • Traffic counts: 17,200 AADT (S Monroe) and 19,100 AADT (S Adams)

    Overview

    This professionally managed shopping center is positioned to serve a dense south-side trade area, with a retail tenant mix that includes quick-service and everyday-convenience brands. The property offers direct, signalized access from two nearby intersections, supporting straightforward customer flow and consistent visibility. Neighboring retailers include McDonald’s, Taco Bell, Wendy’s, Burger King, Planet Fitness, CVS, ABC, Piggly Wiggly, Family Dollar, and Citi Trends.

    The center is accessible from S Monroe St and S Adams St, with lighted intersections at both access points. It also benefits from great visibility and frontage along S Monroe St. Traffic counts provided indicate 17,200 AADT along S Monroe and 19,100 AADT along S Adams, reflecting strong day-to-day exposure in a heavily populated corridor that includes both student and non-student housing developments.

    For tenants and buyers, the mix and established positioning make the property well-suited for brands seeking high-visibility retail in a managed center environment. With convenient access and prominent street frontage on major routes, the center offers practical advantages for attracting walk-in and drive-by customers, while leveraging an existing neighborhood retail ecosystem.
    Location Intelligence

    Current Use by Public Records

    Cricket Wireless Authorized ... Mobile Phone Store Simply 10 Clothing & Fashion Store South Monroe Commons ... Shopping Center & Mall Cali's Beauty Supply (Bike/Boat/Book/etc) Store Capital Cigar & Wine ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Governor's mall — 316 W Tennessee St, Tallahassee, FL 32301, United States
    • Railroad Crossings — 1314 S Adams St, Tallahassee, FL 32301
    • SoMo Walls — 1327 S Monroe St Suite 1, Tallahassee, FL 32301

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2813592
    Latitude
    30.4066369

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    FAQs

    What type of property is this?
    Shopping center - Anchored by strong south-side visibility and frontage along major arterials.
    Where is this shopping center located?
    The property is located at 3030 S Monroe St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Year built 1998; Shopping center on the south side of Tallahassee, one of only two major centers in the area; Join neighboring retailers including McDonald's, Taco Bell, Wendy's, Burger King, Planet Fitness, CVS, Piggly Wiggly, Family Dollar, and Citi Trends
    (850) 385-6363
    We can help!
    Listing Contact
    Bryan Cureton
    Bryan Cureton
    Real Estate License ID: 670038
    Learn More
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    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.

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