Turnkey Building Near Downtown
1707 S Gadsden Tallahassee, FL 32301
1707 S Gadsden, Tallahassee, FL, 32301
$440,000
For Sale
$440,000
Well-maintained, remodeled 3,264 SF building near downtown Tallahassee.
Property Size3,264 SF
Price / SF$134.80
Days on Market59
Property Features for 1707 S Gadsden
General Information
- Standard status
- Active
- Size
- 3,264 SF
- Property subtype
- Commercial
Listing Agency
Keller Williams Realty Premier Properties
(305) 213-4680
Listed by
Yalian Serrano · License #3252409
(305) 213-4680
Source
Elliman
Added: May 19 Checked: Jul 16 at 8:43 am
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 Realty Premier Properties
Investment Insights
Based on property information with market context.
This is a free-standing building with 3,264 square feet of space and an additional 623 square feet of porch area. The property has been completely remodeled and features a main entrance, professional offices, and a conference room. It is handicap accessible and meets ADA requirements. There is ample parking available. The building was previously used as a medical office. The property is located minutes from Downtown Tallahassee. The bike score is 60, indicating it is bikeable. The walk score is 58, indicating it is somewhat walkable. The transit score is 33, indicating some transit options are available.
Key Highlights
- Turnkey and well‑maintained free‑standing building.
- Completely remodeled with a beautiful main entrance.
- Boasting 3,264 Sq. Ft. of building space plus 623 Sq. Ft. of porch area.
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 | $68.5k | $21.00 |
| − Vacancy | −$15.1k | −$4.62 |
| EGI | $53.5k | $16.38 |
| − OpEx | −$13.4k | −$4.10 |
| NOI | $40.1k | $12.29 |
3,264 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$572.8K
$501.2K – $668.3K
NOI $40,098 @ 7.0% cap · market cap 9.11%
Second Best
Healthcare Medical
$552.9K
$483.8K – $645.1K
NOI $38,706 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$800.2K
$700.2K – $933.6K
NOI $56,013 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Staffing Connection
Employment Agency
American Care of North ...
Daycare Center
Similar For Sale Nearby
Similar Off Market Nearby
- Animal Industry Division — 407 S Calhoun St, Tallahassee, FL 32399
- TallahasseePetCONNECT™ — Tallahassee, FL 32302
FAQs
What type of property is this?
Medical Office Space - Well-maintained, remodeled 3,264 SF building near downtown Tallahassee.
Where is this medical office space located?
The property is located at 1707 S Gadsden Tallahassee, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Turnkey and well‑maintained free‑standing building.; Completely remodeled with a beautiful main entrance.; Boasting 3,264 Sq. Ft. of building space plus 623 Sq. Ft. of porch area.
