Two-Building Retail/Office
For Sale
Contact for pricing
1707 N Monroe St, Tallahassee, FL 32303
Two buildings each contain two retail/office units, with differing lease terms and landlord-paid exterior and real estate taxes.
Property SizeContact for details
Days on Market121
Property Features for 1707 N Monroe St
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Cap Rate
8.43%
Listing Agency:
Structure Commercial Real Estate Services
(850) 510-4990
Listed By:
Brenda Francis · License #FL BK3003065
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 3:59PM
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 Structure Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This offering includes two buildings for sale, with two retail/office units in each structure. One building includes additional storage that is not included in the square footage. Tenant responsibilities include utilities and sales tax, while the landlord pays exterior maintenance and real estate taxes.
Leasing is mixed across the four units, with one lease expiring 2/2022, another expiring 5/31/2023, one unit operating month to month, and one unit vacant and offered at $950 per month. The seller’s stated income approach is based on Potential Gross Rents, using an 8.43% cap rate.
The property is located at 1707 N Monroe St, Tallahassee, FL 32303.
Leasing is mixed across the four units, with one lease expiring 2/2022, another expiring 5/31/2023, one unit operating month to month, and one unit vacant and offered at $950 per month. The seller’s stated income approach is based on Potential Gross Rents, using an 8.43% cap rate.
The property is located at 1707 N Monroe St, Tallahassee, FL 32303.
Key Highlights
- Two buildings total, each with two retail/office units (4 units total)
- Differing lease terms: one expires 2/2022, one expires 5/31/2023, one is month‑to‑month, and one unit is vacant
- Vacant unit offered at $950 per month
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,222
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two buildings each contain two retail/office units, with differing lease terms and landlord-paid exterior and real estate taxes.
Where is this retail space located?
The property is located at 1707 N Monroe St Tallahassee, FL.
What are key features of this property?
This property features: Two buildings total, each with two retail/office units (4 units total); Differing lease terms: one expires 2/2022, one expires 5/31/2023, one is month‑to‑month, and one unit is vacant; Vacant unit offered at $950 per month
