Turnkey Building Near Downtown
1707 S Gadsden Street Tallahassee, FL 32301
1707 S Gadsden Street, Tallahassee, FL, 32301
$440,000
For Sale
$440,000
COMMERCIAL - Tallahassee, FL
Property Size3,264 SF
Lot Size0.31 Acres
Price / SF$134.80
Days on Market46
Property Features for 1707 S Gadsden Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 20
- Security features
- Security
- Standard status
- Active
- APN
- 12073-41-01-20-504-000-0
- Size
- 3,264 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4042
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Number of units
- 1
- Building materials
- Block, Concrete
Listing Agency
Florida Homes Realty &Mortgage
(904) 996-9115
9191 R G Skinner Pkwy #102, Jacksonville, FL
Listed by
Pamela Jones-Smith · License #3220966
(850) 294-6089
Added: Jun 1 Checked: Jul 16 at 10:06 pm
MLS# 400632
Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey, well-maintained free-standing building is located minutes from Downtown Tallahassee. The property offers 3,264 square feet of space with an additional 623 square feet of porch area. The building has been completely remodeled and features a main entrance, professional offices, and a conference room. Ample parking is available. The property is handicap accessible and up to code on ADA requirements. Previously, the building was used as a medical office. The lot size is 0.31 acres.
Key Highlights
- Turnkey and well‑maintained free‑standing building.
- Completely remodeled with a beautiful main entrance.
- Located minutes from Downtown Tallahassee.
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
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- 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 commercial building with ample parking and accessibility features.
Where is this medical office space located?
The property is located at 1707 S Gadsden Street 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.; Located minutes from Downtown Tallahassee.
