NNN Property with New
For Sale
$750,000
1825 S Adams St, Tallahassee, FL 32301
Commercial property with established tenancy near FAMU Campus and the Capitol area.
Property Size3,367 SF
Price / SF$222.75
Days on Market65
Property Features for 1825 S Adams St
General Information
Standard status
Active
Size
3,367 SF
Listing Agency:
Primesouth Fezler, Russell and
Listed By:
Sedita Cayson · License #670760
(850) 329-7000
Source:
Hopegainesrealestate
Added: Aug 13
Changed: Oct 8
Last Checked: Oct 7 at 3:39PM
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 Primesouth Fezler, Russell and
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Investment Insights
Based on property information with market context.
This 3,367-square-foot NNN commercial property includes tenants with occupancy histories exceeding five years. A replacement roof was completed in July 2024, providing a recently updated building component.
The property is located at 1825 S Adams St in Tallahassee, across from FAMU Campus and south of the Capitol. Its Adams Street setting places the asset within an established institutional and governmental context.
The property is located at 1825 S Adams St in Tallahassee, across from FAMU Campus and south of the Capitol. Its Adams Street setting places the asset within an established institutional and governmental context.
Key Highlights
- 3,367‑square‑foot commercial property
- NNN lease structure
- Tenants have occupied the property for more than 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,702
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,040
$654.0K
Cap Rate 7%
$467,171
$467.2K
Cap Rate 9%
$363,356
$363.4K
Market Conditions
NOI Build-Up for 3,367 SF
Gross rent
$50.5K $15.00/SF
− Vacancy
−$3.8K −$1.13/SF
EGI
$46.7K $13.88/SF
− OpEx
−$14.0K −$4.16/SF
NOI
$32.7K $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%
$654,040
Cap Rate 7%
$467,171
Cap Rate 9%
$363,356
Alternative Uses
Best Use
Retail
$467.2K
$408.8K – $545.0K
NOI $32,702 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$825.4K
$722.3K – $963.0K
NOI $57,781 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
16,116 visits/mo
0.2 miles
Sunoco
Shops & Services
5,597 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
2,511 visits/mo
0.4 miles
Avis Budget Car Rental
Shops & Services
2,059 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
1,785 visits/mo
0.3 miles
Demographics for 32301, FL
29,686
Population
17,029
Households
1.7
Avg Household Size
32
Median Age
45%
College-Educated
92%
High-School Grad
10.2 sq mi
ZIP Area
2,910
Density / Sq Mi
$50,412
Median Household Income
$34,271
Median Earnings
$1,200
Median Rent
$211,900
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?
NNN property - Commercial property with established tenancy near FAMU Campus and the Capitol area.
Where is this nnn property located?
The property is located at 1825 S Adams St Tallahassee, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,367‑square‑foot commercial property; NNN lease structure; Tenants have occupied the property for more than 5 years
