3-Storefront Office
For Sale
$465,000
1972 Crowder, Tallahassee, FL 32303
Separate entrances allow the building to serve multiple occupants or a single business.
Property Size3,000 SF
Price / SF$155
Days on Market60
Property Features for 1972 Crowder
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Building Size
3,000 SF
Listing Agency:
Property Finders Nguyen Realty
Listed By:
Nga Nguyen Miller · License #3097469
(850) 510-3302
Source:
Tngrealty
Added: Sep 4
Changed: Nov 2
Last Checked: Nov 1 at 3:17PM
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 Property Finders Nguyen Realty
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.
The office building contains approximately 3,000 square feet arranged behind three storefront entrances. Its interior includes private-office and work areas, space for reception or customer-facing functions, and a kitchenette. The layout can be configured for separate office suites or occupied by one business.
At 1972 Crowder in Tallahassee, the property offers a multi-entry storefront configuration with practical options for dividing or combining the space.
At 1972 Crowder in Tallahassee, the property offers a multi-entry storefront configuration with practical options for dividing or combining the space.
Key Highlights
- Approximately 3,000 square feet of office space
- Three storefront entrances provide separate points of entry
- Interior includes private offices, work areas, reception or customer‑facing space, and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,855
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,100
$737.1K
Cap Rate 7%
$526,500
$526.5K
Cap Rate 9%
$409,500
$409.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$63.0K $21.00/SF
− Vacancy
−$13.9K −$4.62/SF
EGI
$49.1K $16.38/SF
− OpEx
−$12.3K −$4.10/SF
NOI
$36.9K $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%
$737,100
Cap Rate 7%
$526,500
Cap Rate 9%
$409,500
Alternative Uses
Best Use
Office B
$526.5K
$460.7K – $614.3K
NOI $36,855 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$735.5K
$643.5K – $858.1K
NOI $51,483 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Explore this area
Business Placement
Demographics for 32303, FL
48,644
Population
24,864
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
95%
High-School Grad
34.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$63,123
Median Household Income
$37,702
Median Earnings
$1,324
Median Rent
$204,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Separate entrances allow the building to serve multiple occupants or a single business.
Where is this office building located?
The property is located at 1972 Crowder Tallahassee, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Approximately 3,000 square feet of office space; Three storefront entrances provide separate points of entry; Interior includes private offices, work areas, reception or customer‑facing space, and a kitchenette
