Stand-Alone Office Building with Conference
For Sale
Contact for pricing
1311 E 7th Avenue, Tallahassee, FL 32303
Central stand-alone office offering private offices plus a large conference room and shared workspace for professional teams.
Property Size3,000 SF
Price / SF$0.01
Days on Market138
Property Features for 1311 E 7th Avenue
General Information
Standard status
Active
Size
3,000 SF
Class
B
Property subtype
Office
Lease Term
NNN
Additional Details
Office Units
6
Building Details
Building Size
3,000 SF
Year Built
1953
Properties For Sale
at 1311 E 7th Avenue
1311 E. 7th Avenue
Size
3,000 SF
Term
Negotiable
Listing Agency:
TLG Real Estate Services
Listed By:
Dan Ausley · License #3216495
(850) 566-6761
Source:
Tlgproperty
Added: Jun 2
Changed: Oct 6
Last Checked: Oct 16 at 6:49AM
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
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Investment Insights
Based on property information with market context.
This 3,000 sq. ft. stand-alone office building is set up to support both focused work and group meetings. The interior includes 2 bathrooms, a kitchen/break area, a large conference room, five individual offices, and one large common workspace designed for collaboration.
Located in the Forest Hill subdivision of Midtown Tallahassee, the property sits less than one block from Centerville Road and Tallahassee Memorial HealthCare. It’s surrounded by retailers, restaurants, and medical & professional offices, which supports convenient access for employees, clients, and visitors.
As a result, this property can work well for a small business or professional practice seeking a turnkey office configuration with multiple rooms for different functions. The stand-alone nature of the building also makes it attractive for an owner-occupant looking for a central headquarters, or for an investor considering a straightforward office layout with clear rooming for tenants.
Located in the Forest Hill subdivision of Midtown Tallahassee, the property sits less than one block from Centerville Road and Tallahassee Memorial HealthCare. It’s surrounded by retailers, restaurants, and medical & professional offices, which supports convenient access for employees, clients, and visitors.
As a result, this property can work well for a small business or professional practice seeking a turnkey office configuration with multiple rooms for different functions. The stand-alone nature of the building also makes it attractive for an owner-occupant looking for a central headquarters, or for an investor considering a straightforward office layout with clear rooming for tenants.
Key Highlights
- 3,000 SF stand‑alone office building in the Forest Hill subdivision of Midtown Tallahassee
- Convenient access: less than one block from Centerville Road and Tallahassee Memorial HealthCare
- Interior includes 2 bathrooms and a kitchen/break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,855
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,100
$737.1K
Cap Rate 7%
$526,500
$526.5K
Cap Rate 9%
$409,500
$409.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$63.0K $21.00/SF
− Vacancy
−$13.9K −$4.62/SF
EGI
$49.1K $16.38/SF
− OpEx
−$12.3K −$4.10/SF
NOI
$36.9K $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 Rate 5%
$737,100
Cap Rate 7%
$526,500
Cap Rate 9%
$409,500
Alternative Uses
Best Use
Office B
$526.5K
$460.7K – $614.3K
NOI $36,855 @ 7.0% cap · market cap 184,275.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$735.5K
$643.5K – $858.1K
NOI $51,483 @ 7.0% cap · market cap 257,415.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
1,390
Businesses Nearby
Explore this area
Business Placement
Demographics for 32303, FL
48,644
Population
24,864
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
95%
High-School Grad
34.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$63,123
Median Household Income
$37,702
Median Earnings
$1,324
Median Rent
$204,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Central stand-alone office offering private offices plus a large conference room and shared workspace for professional teams.
Where is this office building located?
The property is located at 1311 E 7th Avenue Tallahassee, FL.
What are key features of this property?
This property features: 3,000 SF stand‑alone office building in the Forest Hill subdivision of Midtown Tallahassee; Convenient access: less than one block from Centerville Road and Tallahassee Memorial HealthCare; Interior includes 2 bathrooms and a kitchen/break area
