Historic Mixed-Use
215 N Jefferson Street, Monticello, FL 32344
For Sale
$1,495,000
CommercialSale, Monticello, FL
Property Size13,650 SF
Lot Size0.41 Acres
Price / SF$109.52
Days on Market103
Property Features for 215 N Jefferson Street
General Information
Property type
Property subtype
Subdivision
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Utilities
Heating system
Cooling system
Water source
Building Details
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Steve C. Walker Realty, LLC
(850) 997-4061
Listed By:
Steve Walker · License FL #573389
(850) 545-1766
Added: Jul 30
Changed: Oct 25
Last Checked: Nov 9 at 11:06PM
MLS# 403407
Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 215 N Jefferson Street in downtown Monticello, this circa-1901 mixed-use building contains approximately 13,650 square feet. The ground floor is arranged as three separate commercial units, while the upper level offers a broad open floor plan. Original hardwood floors, exposed brick, antique doors, and tall interior spaces retain the building’s historic character. Block and concrete construction, a metal roof, central heating and central air, public water, and a combination of hardwood and carpet flooring are also present.
A 0.41-acre vacant lot behind the building adds outdoor area to the property. The site is in Monticello’s historic downtown, surrounded by shops, restaurants, businesses, and other historic surroundings. Residential, condominium, hospitality, and redevelopment concepts are subject to applicable zoning, permitting, historic-preservation requirements, and governmental approvals.
A 0.41-acre vacant lot behind the building adds outdoor area to the property. The site is in Monticello’s historic downtown, surrounded by shops, restaurants, businesses, and other historic surroundings. Residential, condominium, hospitality, and redevelopment concepts are subject to applicable zoning, permitting, historic-preservation requirements, and governmental approvals.
Key Highlights
- Approximately 13,650 square feet in a circa‑1901 mixed‑use building
- Ground floor configured as three distinct commercial units
- Upper level features an expansive open floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,576
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,520
$2.7M
Cap Rate 7%
$1,893,943
$1.9M
Cap Rate 9%
$1,473,067
$1.5M
Market Conditions
NOI Build-Up for 13,650 SF
Gross rent
$204.8K $15.00/SF
− Vacancy
−$15.4K −$1.13/SF
EGI
$189.4K $13.88/SF
− OpEx
−$56.8K −$4.16/SF
NOI
$132.6K $9.71/SF
Area
Jefferson County, FL
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,520
Cap Rate 7%
$1,893,943
Cap Rate 9%
$1,473,067
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.79M
NOI $167,690 @ 7.0% cap · market cap 11.22%
Second Best
Retail
$1.89M
$1.66M – $2.21M
NOI $132,576 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$3.35M
$2.93M – $3.90M
NOI $234,247 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
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Business Placement
Demographics for 32344, FL
12,705
Population
5,988
Households
2.1
Avg Household Size
49
Median Age
21%
College-Educated
87%
High-School Grad
444.6 sq mi
ZIP Area
29
Density / Sq Mi
$52,222
Median Household Income
$37,131
Median Earnings
$776
Median Rent
$208,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Circa-1901 property combines three ground-floor commercial units with an open upper level and rear vacant lot.
Where is this mixed-use property located?
The property is located at 215 N Jefferson Street Monticello, FL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Approximately 13,650 square feet in a circa‑1901 mixed‑use building; Ground floor configured as three distinct commercial units; Upper level features an expansive open floor plan
