Mixed-Use
1313 N Gadsden Street, Tallahassee, FL 32303
For Sale
$650,000
Residential, Tallahassee, FL
Property Size2,486 SF
Price / SF$261.46
Days on Market16
Property Features for 1313 N Gadsden Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Fencing
Fireplace
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
Mixed-Use Components
Condition
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Architectural style
Buildings
Listing Agency:
Keller Williams Town & Country
(850) 201-4663
Listed By:
Bruce Foster · License FL #3358939
(850) 294-8640
Added: Oct 28
Changed: Nov 9
Last Checked: Nov 12 at 6:06AM
MLS# 406477
Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 1313 N Gadsden Street, this 2,486-square-foot mixed-use property has commercial space on the lower level and residential space above. The interior is described as a customizable white shell. The residential layout includes five bedrooms and two bathrooms, with a kitchen equipped with a dishwasher, microwave, range and refrigerator. The property was built in 1931 and has a fenced exterior.
Key Highlights
- 2,486 square feet in a mixed‑use property
- Commercial space below residential space
- Five bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,541
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,820
$610.8K
Cap Rate 7%
$436,300
$436.3K
Cap Rate 9%
$339,344
$339.3K
Market Conditions
NOI Build-Up for 2,486 SF
Gross rent
$52.2K $21.00/SF
− Vacancy
−$11.5K −$4.62/SF
EGI
$40.7K $16.38/SF
− OpEx
−$10.2K −$4.10/SF
NOI
$30.5K $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%
$610,820
Cap Rate 7%
$436,300
Cap Rate 9%
$339,344
Alternative Uses
Best Use
Office B
$436.3K
$381.8K – $509.0K
NOI $30,541 @ 7.0% cap · market cap 4.70%
Second Best
Retail
$344.9K
$301.8K – $402.4K
NOI $24,145 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$609.5K
$533.3K – $711.0K
NOI $42,662 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,477
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two levels combine residential space with a customizable commercial interior.
Where is this mixed-use property located?
The property is located at 1313 N Gadsden Street 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: 2,486 square feet in a mixed‑use property; Commercial space below residential space; Five bedrooms and two bathrooms
