Tallahassee Professional Office
1932 Miccosukee Rd Tallahassee, FL 32308
1932 Miccosukee Rd, Tallahassee, FL, 32308
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For Sale
Contact for pricing
Two-story office building near hospitals with frontage on three roads.
Property Size4,720 SF
Price / SF$137.50
Days on Market1253
Property Features for 1932 Miccosukee Rd
General Information
- Standard status
- Active
- Size
- 4,720 SF
- Property subtype
- Office
Building Details
- Year Built
- 1952
Listing Agency
Coldwell Banker Commercial Hartung
(850) 386-6160
Listed by
Chip Hartung · License #FL
Source
Crexi
Added: Feb 9, 2023 Checked: Jul 15 at 9:38 pm
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 Coldwell Banker Commercial Hartung
Investment Insights
Based on property information with market context.
Located in NE Tallahassee, inside Capital Circle NE, this two-story freestanding professional office building is less than 1 mile from Tallahassee Memorial Hospital. The corner lot provides frontage on Miccosukee Rd, Kuhlacres Dr, and Coombs Dr, with approximately 276 feet of frontage on Miccosukee Rd. The property offers great visibility and abundant parking. The surrounding area features professional and medical offices. The first floor includes a reception area, conference rooms, several private offices, storage space, two bathrooms, and a full kitchen. The second floor contains several private offices and a bathroom. The property is suitable for sale or development and is currently used as a professional office building.
Key Highlights
- Premier location in NE Tallahassee, inside Capital Circle NE, near two major hospitals.
- Less than 1 mile to Tallahassee Memorial Hospital.
- Corner lot with frontage on three roads (Miccosukee Rd, Kuhlacres Dr & Coombs Dr) and high visibility.
Local Financial Insights For Office B
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 | $99.1k | $21.00 |
| − Vacancy | −$21.8k | −$4.62 |
| EGI | $77.3k | $16.38 |
| − OpEx | −$19.3k | −$4.10 |
| NOI | $58.0k | $12.29 |
4,720 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$828.4K
$724.8K – $966.4K
NOI $57,985 @ 7.0% cap · market cap 8.93%
Second Best
Healthcare Medical
$799.6K
$699.7K – $932.9K
NOI $55,972 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,000 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rowland Publishing, Inc.
Publishing House
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building near hospitals with frontage on three roads.
Where is this office building located?
The property is located at 1932 Miccosukee Rd Tallahassee, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Premier location in NE Tallahassee, inside Capital Circle NE, near two major hospitals.; Less than 1 mile to Tallahassee Memorial Hospital.; Corner lot with frontage on three roads (Miccosukee Rd, Kuhlacres Dr & Coombs Dr) and high visibility.
