High-Visibility Midtown Retail
For Sale
Contact for pricing
1334 N Monroe St, Tallahassee, FL 32303
Brick retail building with prominent corner frontage for strong storefront presence in a fast-growing Midtown district.
Property Size3,159 SF
Price / SF$0.01
Days on Market141
Property Features for 1334 N Monroe St
General Information
Standard status
Active
Size
3,159 SF
Class
C
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
3,159 SF
Year Built
1958
Properties For Sale
at 1334 N Monroe St
1334
Size
3,259 SF
Term
Negotiable
Listed By:
Lewis Buford
(850) 591-6363
Source:
Tlgproperty
Added: Jun 2
Changed: Oct 16
Last Checked: Oct 19 at 3:48AM
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 Lewis Buford
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Investment Insights
Based on property information with market context.
This brick retail building offers a storefront-style layout within a 3,259-square-foot footprint. The property is presented for lease and features street-facing frontage that supports retail visibility and customer approach from multiple directions.
The building has frontage on N Monroe St as well as 7th Ave, placing it in a high-visibility position within the Midtown district. Midtown is described as booming, with an active mix of shops, restaurants, grocery stores, and services nearby. The property also backs up to a well-established neighborhood.
This configuration is a practical fit for operators seeking a visible retail location that can draw foot traffic from a central commercial area while maintaining a stable, established nearby residential backdrop. The multiple-street frontage can support a storefront-focused concept where branding and customer access matter.
The building has frontage on N Monroe St as well as 7th Ave, placing it in a high-visibility position within the Midtown district. Midtown is described as booming, with an active mix of shops, restaurants, grocery stores, and services nearby. The property also backs up to a well-established neighborhood.
This configuration is a practical fit for operators seeking a visible retail location that can draw foot traffic from a central commercial area while maintaining a stable, established nearby residential backdrop. The multiple-street frontage can support a storefront-focused concept where branding and customer access matter.
Key Highlights
- 3,259 SF brick building available for lease
- Frontage on N Monroe St. and 7th Ave., providing prominent corner storefront presence
- Backs up to an established neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,653
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,060
$633.1K
Cap Rate 7%
$452,186
$452.2K
Cap Rate 9%
$351,700
$351.7K
Market Conditions
NOI Build-Up for 3,259 SF
Gross rent
$48.9K $15.00/SF
− Vacancy
−$3.7K −$1.13/SF
EGI
$45.2K $13.88/SF
− OpEx
−$13.6K −$4.16/SF
NOI
$31.7K $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 Rate 5%
$633,060
Cap Rate 7%
$452,186
Cap Rate 9%
$351,700
Alternative Uses
Best Use
Retail
$452.2K
$395.7K – $527.6K
NOI $31,653 @ 7.0% cap · market cap 158,265.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$799.0K
$699.1K – $932.1K
NOI $55,928 @ 7.0% cap · market cap 279,640.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
168k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 35%
Shops & Services 21%
Beauty & Spa 1%
Publix
Groceries
59,386 visits/mo
0.4 miles
Whataburger
Dining
27,666 visits/mo
0.3 miles
Circle K
Shops & Services
15,796 visits/mo
0.1 miles
Golden Corral
Dining
14,775 visits/mo
0.2 miles
Wendy's
Dining
9,235 visits/mo
0.5 miles
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 Retail in South region
Similar Off Market Nearby
- Ambiance Florist - Flower Delivery Tallahassee FL — 1110 N Monroe St, Tallahassee, FL 32303
- R-Chno Same Day Flower Delivery Tallahassee FL — 1201 n monroe st, tallahassee, fl 32303
Frequently Asked Questions
What type of property is this?
Storefront property - Brick retail building with prominent corner frontage for strong storefront presence in a fast-growing Midtown district.
Where is this storefront property located?
The property is located at 1334 N Monroe St Tallahassee, FL.
What are key features of this property?
This property features: 3,259 SF brick building available for lease; Frontage on N Monroe St. and 7th Ave., providing prominent corner storefront presence; Backs up to an established neighborhood
