Retail Space in Bradfordville
For Sale
Contact for pricing
6800 Thomasville Rd, Tallahassee, FL 32312
Mostly open retail space with storage and two restrooms, currently occupied by Artistry Dance.
Property Size2,944 SF
Price / SF$304.01
Days on Market483
Property Features for 6800 Thomasville Rd
General Information
Standard status
Active
Size
2,944 SF
Property subtype
RETAIL
Amenities
storage
restrooms
Building Details
Tenancy
Single
Listing Agency:
Harrison Commercial Properties
Listed By:
George Harrison · License #BK655262
(850) 421-3535
Source:
Moodyscre
Added: May 20, 2025
Changed: Sep 9
Last Checked: Sep 14 at 9:40AM
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 Harrison Commercial Properties
Investment Insights
Based on property information with market context.
This 2,944 square foot retail space is located within Bradfordville Commons Shopping Center. The layout is mostly open, with storage and 2 restrooms, which can simplify renovation planning while maintaining functional support space. The space is presently occupied by Artistry Dance.
The location includes nearly 400 feet of frontage on Thomasville Road, providing strong visibility for a retail tenant. Bradfordville Commons sits among major surrounding retailers, including Target, Publix, Walgreens, Chick-fil-A, Wendy’s, and Dunkin.
Overall, it offers an adaptable retail configuration within a shopping center setting and a storefront profile along a primary commercial corridor.
The location includes nearly 400 feet of frontage on Thomasville Road, providing strong visibility for a retail tenant. Bradfordville Commons sits among major surrounding retailers, including Target, Publix, Walgreens, Chick-fil-A, Wendy’s, and Dunkin.
Overall, it offers an adaptable retail configuration within a shopping center setting and a storefront profile along a primary commercial corridor.
Key Highlights
- 2,944 square foot retail space in Bradfordville Commons Shopping Center
- Nearly 400 feet of frontage on Thomasville Road
- Mostly open layout with storage area
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
$28,594
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
3.19%
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%
$571,880
$571.9K
Cap Rate 7%
$408,486
$408.5K
Cap Rate 9%
$317,711
$317.7K
Market Conditions
NOI Build-Up for 2,944 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
$44.2K $15.00/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$40.8K $13.88/SF
− OpEx
−$12.3K −$4.16/SF
NOI
$28.6K $9.71/SF
Area
Tallahassee, FL
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$571,880
Cap Rate 7%
$408,486
Cap Rate 9%
$317,711
Alternative Uses
Best Use
Retail
$408.5K
$357.4K – $476.6K
NOI $28,594 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$721.7K
$631.5K – $842.0K
NOI $50,522 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
290k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Dining 30%
Shops & Services 18%
Groceries 13%
Target
Superstores
92,748 visits/mo
0.3 miles
Chick-fil-A
Dining
40,771 visits/mo
0.4 miles
Publix
Groceries
37,456 visits/mo
0.2 miles
Circle K
Shops & Services
23,304 visits/mo
0.4 miles
Wendy's
Dining
12,733 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Mostly open retail space with storage and two restrooms, currently occupied by Artistry Dance.
Where is this retail space located?
The property is located at 6800 Thomasville Rd Tallahassee, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,944 square foot retail space in Bradfordville Commons Shopping Center; Nearly 400 feet of frontage on Thomasville Road; Mostly open layout with storage area
