Professional Office Condo For
1614 Mahan Center Blvd, Tallahassee, FL 32308
Call to check price and availability
Office condo in desirable professional park, leased until 2027.
Type:Office
Property size:
1,225 SFPrice / SF:
$216/SF- Added:
- Mar 24, 2026
- Days on Market:
- 70
- Last Refresh:
- Mar 25 at 8:58 pm
Property Features for 1614 Mahan Center Blvd
General Information
- Standard status
- Active
- Size
- 1,225 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing agent Jared Hatcher License #FL SL3193594
Listing office Keller Williams Town & Country (850) 443-2289
Listing date Mar 24, 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 Keller Williams Town & Country
HighLights
- Leased to an established tenant until March 1, 2027, providing immediate income.
- Prime office condo in a desirable northeast Tallahassee professional park.
- Ideal for medical, legal, or professional services.
- Includes a reception area, conference room, administrative workspace, four private offices, kitchen, and one restroom.
- Ample parking available for clients and staff.
- Seller has recently repositioned pricing for a timely sale.
Overview
A 1,225 square foot office condo is available for purchase in a professional park. The property is currently leased to an established tenant until March 1, 2027. The space is suitable for medical, legal, or professional services. It features a reception area, a conference room, an administrative workspace, four private offices, a kitchen, and one restroom. Ample parking is available for clients and staff. Two additional units in the same complex are also available for purchase.
Local Financial Insights For Office B
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 | $25.7k | $21.00 |
| − Vacancy | −$5.7k | −$4.62 |
| EGI | $20.1k | $16.38 |
| − OpEx | −$5.0k | −$4.10 |
| NOI | $15.0k | $12.29 |
1,225 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$215.0K
$188.1K – $250.8K
NOI $15,049 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$300.3K
$262.8K – $350.4K
NOI $21,022 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Florida Assisted Living ...
Association / Organization
James M Cross ...
Insurance Agency
Linda Hilaman - Raymond ...
Financial Advisor
Florida Farm Bureau ...
Insurance Agency
Johnny Devine, P.A.
Law Firm
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.2356136
- Latitude
- 30.4578516
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Office condo in desirable professional park, leased until 2027.
Where is this office units located?
The property is located at 1614 Mahan Center Blvd Tallahassee, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Leased to an established tenant until March 1, 2027, providing immediate income.; Prime office condo in a desirable northeast Tallahassee professional park.; Ideal for medical, legal, or professional services.
