Single-Tenant Office
1341 Cross Creek Cir, Tallahassee, FL 32301
For Sale
New
Contact for pricing
The fully occupied property includes shared parking and access from Cross Creek Circle.
Property Size2,750 SF
Lot Size0.23 Acres
Price / SF$9.09
Days on Market3
Property Features for 1341 Cross Creek Cir
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Additional Details
Road Access
Tenant in Place
Property Use
Amenities
STARTING BID $25,000 | Tallahassee Single Tenant 2,750 SF Office | 100% Occupied | AUCTION NOV 30 – DEC 2
Fully Leased Single-Tenant Office Asset - One occupant controls all 2,750 SF, providing streamlined management and steady income.
Immediate Cash Flow - Current occupancy provides $21K+ annual in-place gross earnings.
Streamlined Management and Oversight - A single user occupies the entire premises, eliminating coordination among multiple suites.
Efficient 2,750-SF Office on 0.23 Acre - ±40 shared parking spaces and a single-story layout support convenient access and daily operations.
High-Traffic Commercial Corridor Access - Positioning is near Apalachee Pkwy carrying ±32,834 VPD and Capital Cir SE with ±41,150 VPD.
Surrounded by Tallahassee Demand Drivers - Near Downtown, Southwood offices, major retailers, hotels, and dining strengthen regional appeal.
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Fort Lauderdale Office
Listed By:
Adam Sklaver
(954) 245-3422
Source:
Marcusmillichap
Added: Nov 8
Last Checked: Nov 10 at 5:12AM
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 Fort Lauderdale Office
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Investment Insights
Based on property information with market context.
This 2,750-square-foot office building was constructed in 1986 and sits on 0.23 acres. The single-tenant property is fully occupied and has approximately 40 shared parking spaces.
Access is from Cross Creek Circle, just off Apalachee Parkway. Apalachee Parkway carries approximately 32,834 vehicles per day, while Capital Circle SE carries approximately 41,150. Nearby destinations include the Southwood State Office Complex, Walmart, Aldi, Target, Sam’s Club, hotels, and restaurants.
Access is from Cross Creek Circle, just off Apalachee Parkway. Apalachee Parkway carries approximately 32,834 vehicles per day, while Capital Circle SE carries approximately 41,150. Nearby destinations include the Southwood State Office Complex, Walmart, Aldi, Target, Sam’s Club, hotels, and restaurants.
Key Highlights
- 2,750‑square‑foot single‑tenant office building
- 0.23‑acre site with approximately 40 shared parking spaces
- Built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,784
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,680
$675.7K
Cap Rate 7%
$482,629
$482.6K
Cap Rate 9%
$375,378
$375.4K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$57.8K $21.00/SF
− Vacancy
−$12.7K −$4.62/SF
EGI
$45.0K $16.38/SF
− OpEx
−$11.3K −$4.10/SF
NOI
$33.8K $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%
$675,680
Cap Rate 7%
$482,629
Cap Rate 9%
$375,378
Alternative Uses
Best Use
Office B
$482.6K
$422.3K – $563.1K
NOI $33,784 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$674.2K
$589.9K – $786.6K
NOI $47,193 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
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Business Placement
Demographics for 32301, FL
29,686
Population
17,029
Households
1.7
Avg Household Size
32
Median Age
45%
College-Educated
92%
High-School Grad
10.2 sq mi
ZIP Area
2,910
Density / Sq Mi
$50,412
Median Household Income
$34,271
Median Earnings
$1,200
Median Rent
$211,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Tallahassee
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The fully occupied property includes shared parking and access from Cross Creek Circle.
Where is this office building located?
The property is located at 1341 Cross Creek Cir Tallahassee, FL.
What are key features of this property?
This property features: 2,750‑square‑foot single‑tenant office building; 0.23‑acre site with approximately 40 shared parking spaces; Built in 1986
