Freestanding Restaurant
1911 S Adams St Tallahassee, FL 32301
For Sale
$399,000
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 Market53
Property Features for 1911 S Adams St
General Information
- Standard status
- Active
- Size
- 2,140 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1985
Listing Agency:
(850) 766-6868
Listed By:
Trey DeSantis
Source:
Tlgproperty
Added: Jun 2
Changed: Jul 22
Last Checked: Jul 24 at 7:40AM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.7k | $16.20 |
| − Vacancy | −$2.1k | −$0.97 |
| EGI | $32.6k | $15.23 |
| − OpEx | −$8.1k | −$3.81 |
| NOI | $24.4k | $11.42 |
2,140 SF · lease $16.20/SF/yr · vacancy 6.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
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
