Commercial Land with Pole
New
For Sale
$275,000
4019 Apalachee Pkwy, Tallahassee, FL 32311
Commercial Parkway-zoned parcel with an existing structure featuring updated windows, fresh paint, and a recent metal roof.
Property Size1,135 SF
Price / SF$242.29
Days on Market2
Property Features for 4019 Apalachee Pkwy
General Information
Standard status
Active
Size
1,135 SF
Listing Agency:
TLH Realty Inc.
Listed By:
Patrick Darden · License #3488427
(850) 906-0800
Source:
Hopegainesrealestate
Added: Sep 21
Last Checked: Sep 21 at 2:45PM
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 TLH Realty Inc.
Investment Insights
Based on property information with market context.
This 0.51-acre commercial parcel includes an existing structure with front and side entry, wood floors, new windows, fresh paint, and a recent metal roof. A pole barn is positioned at the rear of the property, adding a separate on-site improvement.
The property is located at 4019 Apalachee Pkwy in Tallahassee, near Conner Blvd. Its Commercial Parkway zoning and existing improvements support consideration for a small-business property, subject to applicable requirements.
The property is located at 4019 Apalachee Pkwy in Tallahassee, near Conner Blvd. Its Commercial Parkway zoning and existing improvements support consideration for a small-business property, subject to applicable requirements.
Key Highlights
- 0.51‑acre commercial parcel
- Zoned Commercial Parkway
- Located at 4019 Apalachee Pkwy, Tallahassee, FL 32311
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
$11,024
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
4.01%
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%
$220,480
$220.5K
Cap Rate 7%
$157,486
$157.5K
Cap Rate 9%
$122,489
$122.5K
Market Conditions
NOI Build-Up for 1,135 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
$17.0K $15.00/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$15.7K $13.88/SF
− OpEx
−$4.7K −$4.16/SF
NOI
$11.0K $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%
$220,480
Cap Rate 7%
$157,486
Cap Rate 9%
$122,489
Alternative Uses
Best Use
Retail
$157.5K
$137.8K – $183.7K
NOI $11,024 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.3K
$243.5K – $324.6K
NOI $19,478 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 32311, FL
21,218
Population
10,166
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
56.5 sq mi
ZIP Area
376
Density / Sq Mi
$80,250
Median Household Income
$46,466
Median Earnings
$1,497
Median Rent
$288,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial Parkway-zoned parcel with an existing structure featuring updated windows, fresh paint, and a recent metal roof.
Where is this commercial land located?
The property is located at 4019 Apalachee Pkwy Tallahassee, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 0.51‑acre commercial parcel; Zoned Commercial Parkway; Located at 4019 Apalachee Pkwy, Tallahassee, FL 32311
