Koger Center Office
For Sale
Contact for pricing
2020 Capital Circle SE, Tallahassee, FL 32301
Office building in Koger Center near government offices.
Property Size96,008 SF
Price / SF$0.00
Days on Market331
Property Features for 2020 Capital Circle SE
General Information
Standard status
Active
Size
96,008 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
96,008 SF
Year Built
1992
Properties For Sale
at 2020 Capital Circle SE
2020 Capital Circle SE
Size
55,263 SF
Type
Office Building
Term
Negotiable
Listing Agency:
NAI TALCOR
Listed By:
John W. McNeill, SIOR · License #FL #SL3173254
(850) 251-5504
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 3
Last Checked: Oct 16 at 6:51AM
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 NAI TALCOR
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Investment Insights
Based on property information with market context.
The Alexander Building is located within the 18-building Koger Center office community, situated off Capital Circle SE, near the State of Florida office complex, Southwood Community, and Highway 27. The property offers natural lighting on every floor, 24/7 security and monitoring, on-site management, and ADA compliance. Ample parking is available. The building has a property size of 96008 square feet.
Key Highlights
- Located in the Koger Center, offering access to an 18‑building office community
- Close proximity to the State of Florida office complex, Southwood Community, and Highway 27
- Benefit from 24/7 security & monitoring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,179,458
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,589,160
$23.6M
Cap Rate 7%
$16,849,400
$16.8M
Cap Rate 9%
$13,105,089
$13.1M
Market Conditions
NOI Build-Up for 96,008 SF
Gross rent
$2.02M $21.00/SF
− Vacancy
−$443.6K −$4.62/SF
EGI
$1.57M $16.38/SF
− OpEx
−$393.2K −$4.10/SF
NOI
$1.18M $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%
$23,589,160
Cap Rate 7%
$16,849,400
Cap Rate 9%
$13,105,089
Alternative Uses
Best Use
Office B
$16.85M
$14.74M – $19.66M
NOI $1,179,458 @ 7.0% cap · market cap 5,616,466.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$23.54M
$20.59M – $27.46M
NOI $1,647,589 @ 7.0% cap · market cap 7,845,661.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building in Koger Center near government offices.
Where is this office building located?
The property is located at 2020 Capital Circle SE Tallahassee, FL.
What are key features of this property?
This property features: Located in the Koger Center, offering access to an 18‑building office community; Close proximity to the State of Florida office complex, Southwood Community, and Highway 27; Benefit from 24/7 security & monitoring
