Professional Office Space
For Sale
Contact for pricing
253 Pinewood Drive, Tallahassee, FL 32303
Single-level office with efficient layout in central Tallahassee location.
Property Size1,250 SF
Price / SF$0.02
Days on Market337
Property Features for 253 Pinewood Drive
General Information
Standard status
Active
Size
1,250 SF
Class
A
Property subtype
Office
Lease Term
MG
Building Details
Building Size
1,250 SF
Year Built
2000
Properties For Sale
at 253 Pinewood Drive
253 Pinewood Drive
Size
1,250 SF
Type
Office Building
Term
12 months
Listing Agency:
SVN | SouthLand Commercial
Listed By:
Carlton Dean, SIOR, CCIM · License #FL #BK60471
(850) 524-2275
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 4
Last Checked: Oct 23 at 4:47AM
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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Investment Insights
Based on property information with market context.
This 1,250 sq. ft. single-level office space features an efficient floor plan with four offices, a reception area, a conference room, a work area, a kitchenette, and a restroom. The interior is enhanced by 9' ceilings, crown molding, and chair rail. The space is wired for computer networking and offers ample parking. Located just off Meridian Road, near Delta Office Center, Pinewood Professional Offices provides convenient access to Downtown, Midtown, I-10, the Centre of Tallahassee Mall, and northeast submarkets. The office park is known for its quiet environment and professional business tenants. The all-brick construction adds to the building's appeal. This office space is suitable for professionals.
Key Highlights
- Convenient, central location with quick access to Downtown, Midtown, and I‑10.
- Efficient floor plan featuring 4 offices, reception area, conference room, work area, kitchenette, and restroom.
- Beautiful interior with 9' ceilings, crown molding, and chair rail.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,356
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,120
$307.1K
Cap Rate 7%
$219,371
$219.4K
Cap Rate 9%
$170,622
$170.6K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$26.3K $21.00/SF
− Vacancy
−$5.8K −$4.62/SF
EGI
$20.5K $16.38/SF
− OpEx
−$5.1K −$4.10/SF
NOI
$15.4K $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%
$307,120
Cap Rate 7%
$219,371
Cap Rate 9%
$170,622
Alternative Uses
Best Use
Office B
$219.4K
$192.0K – $255.9K
NOI $15,356 @ 7.0% cap · market cap 76,780.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.4K
$268.1K – $357.5K
NOI $21,451 @ 7.0% cap · market cap 107,255.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
Explore this area
Business Placement
Demographics for 32303, FL
48,644
Population
24,864
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
95%
High-School Grad
34.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$63,123
Median Household Income
$37,702
Median Earnings
$1,324
Median Rent
$204,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Single-level office with efficient layout in central Tallahassee location.
Where is this office unit located?
The property is located at 253 Pinewood Drive Tallahassee, FL.
What are key features of this property?
This property features: Convenient, central location with quick access to Downtown, Midtown, and I‑10.; Efficient floor plan featuring 4 offices, reception area, conference room, work area, kitchenette, and restroom.; Beautiful interior with 9' ceilings, crown molding, and chair rail.
