Versatile Office
For Sale
$650,000
7117 Beech Ridge Trl, Tallahassee, FL 32312
Office building available for sale or lease, with zoning that allows both commercial and residential uses.
Property Size3,749 SF
Days on Market94
Property Features for 7117 Beech Ridge Trl
General Information
Standard status
Active
Size
3,749 SF
Class
B
Property subtype
Office
Building Details
Building Size
3,749 SF
Year Built
1994
Listing Agency:
TLG Real Estate Services
Listed By:
Bryan Cureton · License #670038
(850) 545-3687
Source:
Tlgproperty
Added: Jun 1
Changed: Aug 31
Last Checked: Sep 1 at 4:31PM
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
Investment Insights
Based on property information with market context.
This office building is available for sale or lease and is positioned for flexible use. The property is described as a great opportunity for a variety of uses, supported by zoning that allows for both commercial or residential use.
Located at 7117 Beech Ridge Trl in Tallahassee, the building sits along the Bradfordville Commercial Corridor and is presented as a convenient option within that commercial area.
For buyers and tenants evaluating adaptable space under mixed-use zoning, this asset offers an office building configuration with eligibility for commercial or residential development as allowed by local zoning.
Located at 7117 Beech Ridge Trl in Tallahassee, the building sits along the Bradfordville Commercial Corridor and is presented as a convenient option within that commercial area.
For buyers and tenants evaluating adaptable space under mixed-use zoning, this asset offers an office building configuration with eligibility for commercial or residential development as allowed by local zoning.
Key Highlights
- Office building built in 1994
- Available for sale or lease
- Zoning allows both commercial and residential uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,056
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$921,120
$921.1K
Cap Rate 7%
$657,943
$657.9K
Cap Rate 9%
$511,733
$511.7K
Market Conditions
NOI Build-Up for 3,749 SF
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.
Gross rent
$78.7K $21.00/SF
− Vacancy
−$17.3K −$4.62/SF
EGI
$61.4K $16.38/SF
− OpEx
−$15.4K −$4.10/SF
NOI
$46.1K $12.29/SF
Area
Tallahassee, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$921,120
Cap Rate 7%
$657,943
Cap Rate 9%
$511,733
Alternative Uses
Best Use
Office B
$657.9K
$575.7K – $767.6K
NOI $46,056 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$919.1K
$804.2K – $1.07M
NOI $64,336 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 32312, FL
34,304
Population
13,039
Households
2.6
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
93.4 sq mi
ZIP Area
367
Density / Sq Mi
$119,664
Median Household Income
$55,320
Median Earnings
$1,505
Median Rent
$406,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building available for sale or lease, with zoning that allows both commercial and residential uses.
Where is this office building located?
The property is located at 7117 Beech Ridge Trl Tallahassee, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Office building built in 1994; Available for sale or lease; Zoning allows both commercial and residential uses
