Freestanding Restaurant
For Sale
$399,000
1911 S Adams St, Tallahassee, FL 32301
Free-standing 2,140 sf restaurant in a high-traffic SoMo district location across from a university.
Property Size2,140 SF
Price / SF$186.45
Days on Market144
Property Features for 1911 S Adams St
General Information
Standard status
Active
Size
2,140 SF
Property subtype
Retail
Building Details
Building Size
2,140 SF
Year Built
1985
Listed By:
Trey DeSantis
(850) 766-6868
Source:
Tlgproperty
Added: Jun 2
Changed: Oct 19
Last Checked: Oct 23 at 4:18AM
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 Trey DeSantis
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Investment Insights
Based on property information with market context.
This free-standing restaurant property offers approximately 2,140 square feet of space. The building is positioned as a standalone dining location, designed for restaurant operations in a walk-in, street-facing environment.
The property is located in Tallahassee’s SoMo District, in a high-traffic area with strong visibility. It sits across from a prominent university and benefits from substantial foot traffic generated by the surrounding area.
As a conventional restaurants/restaurant-use asset, the site is best suited for an operator seeking a dedicated, freestanding restaurant building in a pedestrian-active location.
The property is located in Tallahassee’s SoMo District, in a high-traffic area with strong visibility. It sits across from a prominent university and benefits from substantial foot traffic generated by the surrounding area.
As a conventional restaurants/restaurant-use asset, the site is best suited for an operator seeking a dedicated, freestanding restaurant building in a pedestrian-active location.
Key Highlights
- Free‑standing restaurant building with 2,140 SF
- Year built: 1985
- Located in Tallahassee’s SoMo District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,441
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,820
$488.8K
Cap Rate 7%
$349,157
$349.2K
Cap Rate 9%
$271,567
$271.6K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$34.7K $16.20/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$32.6K $15.23/SF
− OpEx
−$8.1K −$3.81/SF
NOI
$24.4K $11.42/SF
Area
Tallahassee, FL
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,820
Cap Rate 7%
$349,157
Cap Rate 9%
$271,567
Alternative Uses
Best Use
Specialty Retail
$349.2K
$305.5K – $407.4K
NOI $24,441 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.6K
$459.1K – $612.1K
NOI $36,724 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Free-standing 2,140 sf restaurant in a high-traffic SoMo district location across from a university.
Where is this conventional restaurant located?
The property is located at 1911 S Adams St Tallahassee, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Free‑standing restaurant building with 2,140 SF; Year built: 1985; Located in Tallahassee’s SoMo District
