Office Space Investment
2334 Capital Cir NE, Tallahassee, FL 32308
For Sale
$986,000
Office space for sale in excellent location, suitable for investment.
Property Size4,218 SF
Price / SF$233.76
Days on Market231
Property Features for 2334 Capital Cir NE
General Information
Standard status
Size
Property subtype
Listing Agency:
Matthews
Listed By:
Rainer McDonald · License FL SL3571659
(305) 845-0231
Source:
Matthews
Added: Mar 27
Changed: Nov 3
Last Checked: Nov 10 at 5:06AM
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 Matthews
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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 property offers office space in an excellent location, presenting an opportunity for either an owner-user or an investment. The property size is 4218 square feet.
Key Highlights
- Excellent Location
- Office Space
- Owner‑User Opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,818
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,360
$1.0M
Cap Rate 7%
$740,257
$740.3K
Cap Rate 9%
$575,756
$575.8K
Market Conditions
NOI Build-Up for 4,218 SF
Gross rent
$88.6K $21.00/SF
− Vacancy
−$19.5K −$4.62/SF
EGI
$69.1K $16.38/SF
− OpEx
−$17.3K −$4.10/SF
NOI
$51.8K $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%
$1,036,360
Cap Rate 7%
$740,257
Cap Rate 9%
$575,756
Alternative Uses
Best Use
Office B
$740.3K
$647.7K – $863.6K
NOI $51,818 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$904.8K – $1.21M
NOI $72,385 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,703
Businesses Nearby
Explore this area
Business Placement
Demographics for 32308, FL
23,355
Population
11,838
Households
2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
1,478
Density / Sq Mi
$73,125
Median Household Income
$46,786
Median Earnings
$1,327
Median Rent
$291,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Tallahassee, FL
Properties on Market for Office Units in Tallahassee
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office space for sale in excellent location, suitable for investment.
Where is this office unit located?
The property is located at 2334 Capital Cir NE Tallahassee, FL.
What is the asking price?
The asking price for this property is $986,000.
What are key features of this property?
This property features: Excellent Location; Office Space; Owner‑User Opportunity
