Two-Unit Office
For Sale
$795,000
1909 NE Capital Circle Unit 100 & 200, Tallahassee, FL 32308
The two-level layout can accommodate separate businesses on the lower and upper floors.
Property Size3,990 SF
Price / SF$199.25
Days on Market29
Property Features for 1909 NE Capital Circle Unit 100 & 200
General Information
Standard status
Active
Size
3,990 SF
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Building Size
3,990 SF
Listing Agency:
TLH Realty Inc.
Listed By:
Patrick Darden · License #3488427
(850) 906-0800
Source:
Tngrealty
Added: Oct 5
Changed: Nov 2
Last Checked: Nov 1 at 3:59PM
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 TLH Realty Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property contains 3,990 square feet across two levels and can be configured for two businesses. The lower floor offers 2,500 square feet, while the upper floor provides 1,490 square feet. A new roof has been installed.
The property fronts Capital Circle in Tallahassee, Florida.
The property fronts Capital Circle in Tallahassee, Florida.
Key Highlights
- 3,990 square feet across two levels
- Lower floor: 2,500 square feet; upper floor: 1,490 square feet
- Can accommodate two separate businesses
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
Current Use
Lease Details
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The two-level layout can accommodate separate businesses on the lower and upper floors.
Where is this office unit located?
The property is located at 1909 NE Capital Circle Unit 100 & 200 Tallahassee, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,990 square feet across two levels; Lower floor: 2,500 square feet; upper floor: 1,490 square feet; Can accommodate two separate businesses
