Retail Suite with French
For Sale
$120,000
1710 thomasville Road, Tallahassee, FL 32303
The roughly 500-square-foot suite has a conference area and bathroom, with an adjacent suite also available for purchase.
Property Size500 SF
Price / SF$240
Days on Market295
Property Features for 1710 thomasville Road
General Information
Standard status
Active
Size
500 SF
Property subtype
Retail
Listing Agency:
Property Finders Nguyen Realty
Listed By:
Matthew Smith · License #3476740
(850) 510-8601
Source:
Tngrealty
Added: Jan 12
Changed: Nov 1
Last Checked: Nov 1 at 3:37PM
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 Property Finders Nguyen Realty
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Investment Insights
Based on property information with market context.
The right-hand retail suite measures approximately 500 square feet and includes a conference area and bathroom. French doors connect it to a similarly sized neighboring suite; the two spaces can be separated by replacing the doors with a wall. The neighboring suite is also available for purchase and contains two office rooms, a storage room, and a bathroom.
The property is on Thomasville Road in Tallahassee, across from Whole Foods.
The property is on Thomasville Road in Tallahassee, across from Whole Foods.
Key Highlights
- Right‑hand suite is approximately 500 square feet
- Conference area and bathroom in the right‑hand suite
- French doors connect the two approximately 500‑square‑foot suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,856
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$97,120
$97.1K
Cap Rate 7%
$69,371
$69.4K
Cap Rate 9%
$53,956
$54.0K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$7.5K $15.00/SF
− Vacancy
−$563 −$1.13/SF
EGI
$6.9K $13.88/SF
− OpEx
−$2.1K −$4.16/SF
NOI
$4.9K $9.71/SF
Area
Tallahassee, FL
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$97,120
Cap Rate 7%
$69,371
Cap Rate 9%
$53,956
Alternative Uses
Best Use
Retail
$69.4K
$60.7K – $80.9K
NOI $4,856 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$122.6K
$107.3K – $143.0K
NOI $8,580 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,790
Businesses Nearby
115k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 27%
Shops & Services 27%
Beauty & Spa 6%
Whole Foods Market
Groceries
33,019 visits/mo
0.2 miles
Jo-Ann Fabric and Craft
Shops & Services
21,263 visits/mo
0.1 miles
4 Rivers Smokehouse
Dining
12,087 visits/mo
0.2 miles
ABC Fine Wine & Spirits
Groceries
10,811 visits/mo
0.3 miles
CAVA
Dining
8,632 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The roughly 500-square-foot suite has a conference area and bathroom, with an adjacent suite also available for purchase.
Where is this retail space located?
The property is located at 1710 thomasville Road Tallahassee, FL.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Right‑hand suite is approximately 500 square feet; Conference area and bathroom in the right‑hand suite; French doors connect the two approximately 500‑square‑foot suites
