Modern Medical Office and Retail
2459 Mahan Drive Tallahassee, FL 32308
New
2459 Mahan Drive, Tallahassee, FL, 32308
$6,250,000
Built in 2020 on Mahan Drive with flexible C-2 zoning for medical, office, and retail uses.
Property Size20,222 SF
Lot Size3.04 Acres
Price / SF$309.07
AddedJul 13
Days on Market3
Last RefreshJul 14 at 2:36 am
Property Features for 2459 Mahan Drive
General Information
- Standard status
- Active
- Size
- 20,222 SF
- Lot size
- 3.04 Acres
- Property subtype
- Office - Medical Office
Building Details
- Year Built
- 2020
Listing office Coldwell Banker Hartung
Listing date Jul 13, 2026
Source Commercialcafe
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 Coldwell Banker Hartung
Investment Insights
Based on property information with market context.
2459 Mahan Drive is a modern medical, office, and retail center built in 2020. The property benefits from flexible C-2 General Commercial zoning, supporting a broad range of service-oriented, medical/professional office, wellness, educational, and retail uses. Monument and building signage are in place to support visibility and branding, and parking is provided at a rate of 5 spaces per 1,000 square feet.
Located along Mahan Drive (US 90), the site offers strong exposure on a major east-west corridor connecting Downtown Tallahassee with Capital Circle NE and the eastern portion of Leon County. The property is described as having approximately 28,945 vehicles passing per day, with access noted from Mahan Drive and Riggins.
Offered for sale, the center totals approximately 20,222 square feet and sits on about 3.04 acres.
Located along Mahan Drive (US 90), the site offers strong exposure on a major east-west corridor connecting Downtown Tallahassee with Capital Circle NE and the eastern portion of Leon County. The property is described as having approximately 28,945 vehicles passing per day, with access noted from Mahan Drive and Riggins.
Offered for sale, the center totals approximately 20,222 square feet and sits on about 3.04 acres.
Key Highlights
- 20,222 SF medical, office, and retail center built in 2020 on 3.04± acres along Mahan Drive (US 90).
- C‑2 General Commercial zoning supports medical, professional office, retail, wellness, educational, and service‑oriented uses.
- Prominent monument and building signage with traffic count of 28,945 vehicles per day (approx. 29,500 daily).
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $424.7k | $21.00 |
| − Vacancy | −$93.4k | −$4.62 |
| EGI | $331.2k | $16.38 |
| − OpEx | −$82.8k | −$4.10 |
| NOI | $248.4k | $12.29 |
20,222 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.55M
$3.11M – $4.14M
NOI $248,427 @ 7.0% cap · market cap 3.97%
Second Best
Healthcare Medical
$3.43M
$3.00M – $4.00M
NOI $239,801 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$4.96M
$4.34M – $5.78M
NOI $347,029 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
RISE Medical Marijuana ...
(Bike/Boat/Book/etc) Store
Express MRI
Medical Clinic
Rose Massage Spa
Alternative Medicine Practice
Elegant House Furniture ...
Furniture & Home Goods
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FAQs
What type of property is this?
Medical Office Space - Built in 2020 on Mahan Drive with flexible C-2 zoning for medical, office, and retail uses.
Where is this medical office space located?
The property is located at 2459 Mahan Drive Tallahassee, FL.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 20,222 SF medical, office, and retail center built in 2020 on 3.04± acres along Mahan Drive (US 90).; C‑2 General Commercial zoning supports medical, professional office, retail, wellness, educational, and service‑oriented uses.; Prominent monument and building signage with traffic count of 28,945 vehicles per day (approx. 29,500 daily).
