1618 Mahan Center Boulevard Unit 106, Tallahassee, FL 32308
Office condo with a reception, conference room, private offices, and restroom, fully leased through July 2028.
- Added:
- Mar 19, 2026
- Days on Market:
- 95
- Last Refresh:
- Jun 15 at 7:57 am
Property Features for 1618 Mahan Center Boulevard Unit 106
General Information
- Standard status
- Active
- Size
- 1,225 SF
- Property subtype
- Office
Listing agent Nancy DiGisi License #3400131 (850) 567-6272
Listing office Keller Williams Town & Country (850) 567-6272
Listing date Mar 19, 2026
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Town & Country
HighLights
- 1,225 SF office condo fully leased through July 2028
- Functional interior includes reception area, conference room, open workspace, private executive office, wet bar, and private restroom
- Central air and carpet flooring
- 10 paved parking spaces with a paved driveway and shared driveway
- Located just inside Capital Circle off Mahan Dr in a community with paved road access and community maintenance
Overview
The property is located within an established office park just inside Capital Circle off Mahan Dr. Parking is described as excellent for both clients and staff, supporting day-to-day accessibility for a tenant and visitors.
For buyers seeking a stabilized office investment, this unit offers current occupancy through July 2028, with the existing lease described as including built-in rent increases. The configuration supports office tenants that need a mix of collaborative and private space, including a dedicated reception and conference room. Two additional office units in the same complex are also available, including one leased and one vacant option that may suit an owner-occupant planning to occupy adjacent space.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.2358825
- Latitude
- 30.4584014
