Two-Level Office
1909 NE Capital Circle, Tallahassee, FL 32308
For Sale
$794,900
CommercialSale, Tallahassee, FL
Property Size3,990 SF
Lot Size0.58 Acres
Price / SF$199.22
Days on Market39
Property Features for 1909 NE Capital Circle
General Information
Property type
Property subtype
Subdivision
Directions
Standard status
APN
Size
Lot size
Building Details
Number of units
Listing Agency:
TLH Realty Inc.
Listed By:
Patrick Darden · License FL #3488427
(850) 906-0800
Added: Oct 5
Changed: Nov 10
Last Checked: Nov 12 at 6:06AM
MLS# 405672
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.
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Investment Insights
Based on property information with market context.
This 3,990-square-foot office property is arranged across two levels, with 2,500 square feet downstairs and 1,490 square feet upstairs. The configuration can accommodate two firms, and the building has a new roof. The property occupies a 0.58-acre site at 1909 NE Capital Circle in Tallahassee, Florida.
Key Highlights
- 3,990 square feet across two levels
- Ground floor: 2,500 square feet; upper floor: 1,490 square feet
- Layout can accommodate two firms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,017
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,340
$980.3K
Cap Rate 7%
$700,243
$700.2K
Cap Rate 9%
$544,633
$544.6K
Market Conditions
NOI Build-Up for 3,990 SF
Gross rent
$83.8K $21.00/SF
− Vacancy
−$18.4K −$4.62/SF
EGI
$65.4K $16.38/SF
− OpEx
−$16.3K −$4.10/SF
NOI
$49.0K $12.29/SF
Area
Tallahassee, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,340
Cap Rate 7%
$700,243
Cap Rate 9%
$544,633
Alternative Uses
Best Use
Office B
$700.2K
$612.7K – $817.0K
NOI $49,017 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$978.2K
$855.9K – $1.14M
NOI $68,472 @ 7.0% cap · market cap 8.61%
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
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,924
Businesses Nearby
Explore this area
Business Placement
Demographics for 32308, FL
23,355
Population
11,838
Households
2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
1,478
Density / Sq Mi
$73,125
Median Household Income
$46,786
Median Earnings
$1,327
Median Rent
$291,800
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Tallahassee, FL
Properties on Market for Office Units in Tallahassee
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The layout can support separate businesses on the ground and upper floors.
Where is this office unit located?
The property is located at 1909 NE Capital Circle Tallahassee, FL.
What is the asking price?
The asking price for this property is $794,900.
What are key features of this property?
This property features: 3,990 square feet across two levels; Ground floor: 2,500 square feet; upper floor: 1,490 square feet; Layout can accommodate two firms
