NNN Medical Office
For Sale
Contact for pricing
1611 Jaydell Circle, Tallahassee, FL 32308
NNN medical office space offered for lease, priced at $16.00 per NNN per the listing remarks.
Property Size9,000 SF
Days on Market143
Property Features for 1611 Jaydell Circle
General Information
Standard status
Active
Size
9,000 SF
Class
B
Property subtype
Office
Lease Type
NNN
Lease Term
NNN
Building Details
Building Size
9,000 SF
Year Built
1991
Properties For Sale
at 1611 Jaydell Circle
1611 Jaydell Cir
Size
9,000 SF
Term
Negotiable
Listed By:
Lewis Buford
(850) 591-6363
Source:
Tlgproperty
Added: Jun 2
Changed: Oct 21
Last Checked: Oct 20 at 6:36PM
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 property is being offered for lease as a NNN medical office space. The listing specifies a $16.00 (NNN) rent structure in the public remarks.
The property is located at 1611 Jaydell Circle in Tallahassee, Florida.
The property is located at 1611 Jaydell Circle in Tallahassee, Florida.
Key Highlights
- NNN medical office space offered for lease
- Listed lease rate of $16.00 per NNN
- Building year built: 1991
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,726
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,134,520
$2.1M
Cap Rate 7%
$1,524,657
$1.5M
Cap Rate 9%
$1,185,844
$1.2M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$194.4K $21.60/SF
− Vacancy
−$16.5K −$1.84/SF
EGI
$177.9K $19.76/SF
− OpEx
−$71.2K −$7.91/SF
NOI
$106.7K $11.86/SF
Area
Tallahassee, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,134,520
Cap Rate 7%
$1,524,657
Cap Rate 9%
$1,185,844
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,565 @ 7.0% cap · market cap 691,031.25%
Second Best
Healthcare Medical
$1.52M
$1.33M – $1.78M
NOI $106,726 @ 7.0% cap · market cap 667,037.50%
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,449 @ 7.0% cap · market cap 965,306.25%
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
1,318
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32308, FL
23,355
Population
11,838
Households
2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
1,478
Density / Sq Mi
$73,125
Median Household Income
$46,786
Median Earnings
$1,327
Median Rent
$291,800
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - NNN medical office space offered for lease, priced at $16.00 per NNN per the listing remarks.
Where is this medical office space located?
The property is located at 1611 Jaydell Circle Tallahassee, FL.
What are key features of this property?
This property features: NNN medical office space offered for lease; Listed lease rate of $16.00 per NNN; Building year built: 1991
