Northeast Tallahassee Former Call
For Sale
Contact for pricing
2324 Killearn Center Blvd, Tallahassee, FL 32309
Two-story, 40,000 SF office building in a professional park.
Property Size40,000 SF
Price / SF$0.00
Days on Market330
Property Features for 2324 Killearn Center Blvd
General Information
Standard status
Active
Size
40,000 SF
Class
B
Property subtype
Office
Lease Term
MG
Building Details
Building Size
40,000 SF
Year Built
2002
Properties For Sale
at 2324 Killearn Center Blvd
Edgewater E Building
Size
40,000 SF
Term
Negotiable
Listing Agency:
SVN Southland Commercial
Listed By:
Charlie Lee
(850) 545-6461
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 13
Last Checked: Oct 16 at 6:11AM
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 SVN Southland Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story, 40,000 square foot former call center is located in the Northeast Tallahassee submarket. Situated within a professional office park, the building offers convenient access to I-10 and proximity to shopping and dining options. The space features a mostly open floor plan and a full building generator. Ample parking is available, with a parking ratio of 5.4 spaces per 1,000 square feet. The building can be divided into 5,000 SF, 10,000 SF, or 20,000 SF spaces.
Key Highlights
- Desirable Northeast Tallahassee location with easy access to I‑10.
- Benefit from a full building generator.
- Ample parking (5.4:1,000 SF parking ratio)**.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$491,400
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,828,000
$9.8M
Cap Rate 7%
$7,020,000
$7.0M
Cap Rate 9%
$5,460,000
$5.5M
Market Conditions
NOI Build-Up for 40,000 SF
Gross rent
$840.0K $21.00/SF
− Vacancy
−$184.8K −$4.62/SF
EGI
$655.2K $16.38/SF
− OpEx
−$163.8K −$4.10/SF
NOI
$491.4K $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%
$9,828,000
Cap Rate 7%
$7,020,000
Cap Rate 9%
$5,460,000
Alternative Uses
Best Use
Office B
$7.02M
$6.14M – $8.19M
NOI $491,400 @ 7.0% cap · market cap 2,737,604.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.81M
$8.58M – $11.44M
NOI $686,438 @ 7.0% cap · market cap 3,824,167.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 32309, FL
31,189
Population
13,719
Households
2.3
Avg Household Size
44
Median Age
61%
College-Educated
98%
High-School Grad
122.0 sq mi
ZIP Area
256
Density / Sq Mi
$110,162
Median Household Income
$57,837
Median Earnings
$1,363
Median Rent
$351,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two-story, 40,000 SF office building in a professional park.
Where is this office building located?
The property is located at 2324 Killearn Center Blvd Tallahassee, FL.
What are key features of this property?
This property features: Desirable Northeast Tallahassee location with easy access to I‑10.; Benefit from a **full building generator**.; Ample parking (5.4:1,000 SF parking ratio)**.
