Leased Medical Office
1910 Buford Boulevard, Tallahassee, FL 32308
For Sale
Contact for pricing
Two healthcare-oriented tenants have each signed a new five-year lease.
Property Size3,900 SF
Price / SF$384.62
Days on Market13
Property Features for 1910 Buford Boulevard
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Gross Income
Tenant in Place
Property Use
Building Details
Buildings
Tenancy
Listing Agency:
Wisdom Capital Group
Listed By:
Robert Wisdom · License FL BK3485707
Source:
Crexi
Added: Oct 29
Changed: Nov 10
Last Checked: Nov 10 at 8:20AM
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 Wisdom Capital Group
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Investment Insights
Based on property information with market context.
At 1910 Buford Boulevard, this approximately 3,900-square-foot medical office property is occupied by two healthcare-oriented tenants: Ability Plus Mental Health, LLC and Loyal Source Government Services, LLC. Each tenant has a newly executed five-year lease, with scheduled rental increases included in the agreements.
The property sits immediately beside HCA Florida Capital Hospital and just off Capital Circle NE in Tallahassee. Nearby healthcare facilities, medical practices, and outpatient centers contribute to the surrounding healthcare-focused setting.
The property sits immediately beside HCA Florida Capital Hospital and just off Capital Circle NE in Tallahassee. Nearby healthcare facilities, medical practices, and outpatient centers contribute to the surrounding healthcare-focused setting.
Key Highlights
- Approximately 3,900 square feet of medical office space
- Two healthcare‑oriented tenants: Ability Plus Mental Health, LLC and Loyal Source Government Services, LLC
- Both tenants have new five‑year leases with scheduled rental increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,912
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,240
$958.2K
Cap Rate 7%
$684,457
$684.5K
Cap Rate 9%
$532,356
$532.4K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$81.9K $21.00/SF
− Vacancy
−$18.0K −$4.62/SF
EGI
$63.9K $16.38/SF
− OpEx
−$16.0K −$4.10/SF
NOI
$47.9K $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%
$958,240
Cap Rate 7%
$684,457
Cap Rate 9%
$532,356
Alternative Uses
Best Use
Office B
$684.5K
$598.9K – $798.5K
NOI $47,912 @ 7.0% cap · market cap 3.19%
Second Best
Healthcare Medical
$660.7K
$578.1K – $770.8K
NOI $46,248 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$956.1K
$836.6K – $1.12M
NOI $66,928 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,886
Businesses Nearby
Well-served
Demand for This Use
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
Properties on Market for Medical Office Space in Tallahassee
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two healthcare-oriented tenants have each signed a new five-year lease.
Where is this medical office space located?
The property is located at 1910 Buford Boulevard Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 3,900 square feet of medical office space; Two healthcare‑oriented tenants: Ability Plus Mental Health, LLC and Loyal Source Government Services, LLC; Both tenants have new five‑year leases with scheduled rental increases
