15300 BLOUNTSTOWN HWY Tallahassee, FL 32310
Retail asset offered on an absolute net basis, with a recent lease extension in place.
Property Features for 15300 BLOUNTSTOWN HWY
General Information
- Standard status
- Active
- Size
- 9,026 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2011
Listing office CBRE - Saddle Brook
Listing date Jun 11, 2026
Source Crexi
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 CBRE - Saddle Brook
Investment Insights
Based on property information with market context.
The offering is located at 15300 Blountstown Hwy in Tallahassee, Florida. No additional details are provided regarding frontage, access, or surrounding anchors, so prospective buyers should confirm site-specific characteristics during due diligence.
Given the stated absolute net framework and the mention of a recent lease extension, the property may be a practical fit for investors looking for a retail asset with existing contractual continuity. The lease extension suggests the current tenancy has been reaffirmed rather than expiring immediately, while the corporate context may be relevant to buyers evaluating tenant stability and lease administration. Interested parties should review the lease documents and terms carefully, including how the absolute net responsibilities are allocated, to fully understand the operating cost obligations and remaining lease structure.
Key Highlights
- Retail asset built in 2011
- Offered on an absolute net basis
- Recent lease extension in place
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.4k | $15.00 |
| − Vacancy | −$10.2k | −$1.13 |
| EGI | $125.2k | $13.88 |
| − OpEx | −$37.6k | −$4.16 |
| NOI | $87.7k | $9.71 |
