Renovated Office
For Sale
Contact for pricing
1549 Colonial Dr, Tallahassee, FL 32303
Renovated office space combines hardwood floors, natural light, and a wet bar with practical office accommodations.
Property Size1,375 SF
Days on Market140
Property Features for 1549 Colonial Dr
General Information
Standard status
Active
Size
1,375 SF
Class
A
Property subtype
Office
Lease Term
Full Service
Amenities
shared conference room
wet bar
Building Details
Building Size
1,375 SF
Year Built
1940
Year Renovated
2025
Properties For Sale
at 1549 Colonial Dr
1549 Colonial Dr
Size
1,094 SF
Term
Negotiable
Listed By:
Trey Roberts
(850) 443-1688
Source:
Tlgproperty
Added: Jun 2
Changed: Oct 16
Last Checked: Oct 19 at 3:53AM
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 Trey Roberts
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Investment Insights
Based on property information with market context.
Built in 1940 and renovated in 2025, this office suite pairs classic building character with updated finishes. Hardwood flooring, strong natural light, and a wet bar complement a functional arrangement with two executive offices, three administrative offices, and access to a shared conference room.
The property is located at 1549 Colonial Dr in Tallahassee, Florida. Parking includes one ADA-accessible space and one client space at the front, while employee and overflow parking are positioned behind the building. A covered parking area is also available at the rear.
The property is located at 1549 Colonial Dr in Tallahassee, Florida. Parking includes one ADA-accessible space and one client space at the front, while employee and overflow parking are positioned behind the building. A covered parking area is also available at the rear.
Key Highlights
- 2025 renovation with hardwood flooring and abundant natural light
- Two executive offices and three administrative offices
- Shared conference room with wet bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,892
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,840
$337.8K
Cap Rate 7%
$241,314
$241.3K
Cap Rate 9%
$187,689
$187.7K
Market Conditions
NOI Build-Up for 1,375 SF
Gross rent
$28.9K $21.00/SF
− Vacancy
−$6.4K −$4.62/SF
EGI
$22.5K $16.38/SF
− OpEx
−$5.6K −$4.10/SF
NOI
$16.9K $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%
$337,840
Cap Rate 7%
$241,314
Cap Rate 9%
$187,689
Alternative Uses
Best Use
Office B
$241.3K
$211.2K – $281.5K
NOI $16,892 @ 7.0% cap · market cap 625.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.1K
$295.0K – $393.3K
NOI $23,596 @ 7.0% cap · market cap 873.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,790
Businesses Nearby
Explore this area
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?
Office unit - Renovated office space combines hardwood floors, natural light, and a wet bar with practical office accommodations.
Where is this office unit located?
The property is located at 1549 Colonial Dr Tallahassee, FL.
What are key features of this property?
This property features: 2025 renovation with hardwood flooring and abundant natural light; Two executive offices and three administrative offices; Shared conference room with wet bar
