Retail Space with Dual
For Sale
Contact for pricing
2522 Capital Circle Northeast, Tallahassee, FL 32308
CP-zoned commercial space offers parking and two driveway connections along Capital Circle NE.
Property Size1,600 SF
Price / SF$118.75
Days on Market9
Property Features for 2522 Capital Circle Northeast
General Information
Standard status
Active
Size
1,600 SF
Class
A
Property subtype
Retail, Office
Zoning
CP
Investment Type
Owner/User
Additional Details
Road Access
Yes
Building Details
Year Built
1983
Year Renovated
2023
Stories
1
Units
2
Listing Agency:
Bill Poole Real Estate
Listed By:
William Poole · License #BK 567427
Source:
Crexi
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 4 at 7:01AM
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 Bill Poole Real Estate
Investment Insights
Based on property information with market context.
This 1,600-square-foot retail property was built in 1983 and is located within the Commercial Parkway (CP) zoning district. The designation is intended for commercial development along major arterial roadways and supports a broad range of commercial uses. The property may suit an owner-occupant or investor seeking an established commercial location.
Access is provided by two driveways connecting to Capital Circle NE, supporting convenient ingress and egress. Ample parking is also available on site. The property’s placement along the corridor provides exposure to passing traffic and aligns with the area’s commercial development pattern.
Access is provided by two driveways connecting to Capital Circle NE, supporting convenient ingress and egress. Ample parking is also available on site. The property’s placement along the corridor provides exposure to passing traffic and aligns with the area’s commercial development pattern.
Key Highlights
- 1,600‑square‑foot retail property built in 1983
- Commercial Parkway (CP) zoning
- Two driveway connections to Capital Circle NE
Financial Insights For Retail
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 | $24.0k | $15.00 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $22.2k | $13.88 |
| − OpEx | −$6.7k | −$4.16 |
| NOI | $15.5k | $9.71 |
1,600 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$280.8K
$245.7K – $327.6K
NOI $19,656 @ 7.0% cap · market cap 10.35%
Second Best
Retail
$222.0K
$194.3K – $259.0K
NOI $15,540 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$392.3K
$343.2K – $457.6K
NOI $27,458 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,862
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - CP-zoned commercial space offers parking and two driveway connections along Capital Circle NE.
Where is this retail space located?
The property is located at 2522 Capital Circle Northeast Tallahassee, FL.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 1,600‑square‑foot retail property built in 1983; Commercial Parkway (CP) zoning; Two driveway connections to Capital Circle NE
