Private Office Unit with Conference
For Sale
Contact for pricing
2418 Millcreek Ct, Tallahassee, FL 32308
Furnished office setting with shared reception, kitchen, restrooms, printing, and copier access.
Property Size156 SF
Price / SF$4.17
Days on Market87
Property Features for 2418 Millcreek Ct
General Information
Standard status
Active
Size
156 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
conference room
printing and copier
reception area
kitchen
bathrooms
Listing Agency:
Amac Real Estate Co.
Listed By:
Nathan Newell · License #3016514
(850) 668-1000
Source:
Hopegainesrealestate
Added: Jul 25
Changed: Oct 16
Last Checked: Oct 16 at 12:04PM
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 Amac Real Estate Co.
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.
This private office unit at 2418 Millcreek Ct provides a dedicated professional workspace with access to a conference room, reception area, kitchen, and two bathrooms. The office includes printing and copier use, along with utilities and property expenses as part of the stated occupancy arrangement.
Interior details include 9-foot ceilings, wood flooring, and wainscoting. The property is positioned in Northeast Tallahassee near Capital Circle NE, with access to I-10.
Interior details include 9-foot ceilings, wood flooring, and wainscoting. The property is positioned in Northeast Tallahassee near Capital Circle NE, with access to I-10.
Key Highlights
- Private 12’ x 12’ office
- Conference room access
- Reception area, kitchen, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,916
Suggested Prices Based on Cap Rates
Cap Rate 5%
$38,320
$38.3K
Cap Rate 7%
$27,371
$27.4K
Cap Rate 9%
$21,289
$21.3K
Market Conditions
NOI Build-Up for 156 SF
Gross rent
$3.3K $21.00/SF
− Vacancy
−$721 −$4.62/SF
EGI
$2.6K $16.38/SF
− OpEx
−$639 −$4.10/SF
NOI
$1.9K $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%
$38,320
Cap Rate 7%
$27,371
Cap Rate 9%
$21,289
Alternative Uses
Best Use
Office B
$27.4K
$24.0K – $31.9K
NOI $1,916 @ 7.0% cap · market cap 294.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$38.2K
$33.5K – $44.6K
NOI $2,677 @ 7.0% cap · market cap 411.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Furnished office setting with shared reception, kitchen, restrooms, printing, and copier access.
Where is this office unit located?
The property is located at 2418 Millcreek Ct Tallahassee, FL.
What are key features of this property?
This property features: Private 12’ x 12’ office; Conference room access; Reception area, kitchen, and two bathrooms
