Office Building with Two
For Sale
$499,999
2545 Blairstone Pines Dr, Tallahassee, FL 32301
Updated two-story office building with recent roof, HVAC, and interior improvements in an occupied office park setting.
Property Size3,720 SF
Price / SF$134.41
Days on Market116
Property Features for 2545 Blairstone Pines Dr
General Information
Standard status
Active
Size
3,720 SF
Class
C
Property subtype
Office
Building Details
Building Size
3,720 SF
Year Built
1985
Stories
2
Listed By:
Trey Roberts
(850) 443-1688
Source:
Tlgproperty
Added: Jun 22
Changed: Oct 10
Last Checked: Oct 14 at 8:21PM
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 Trey Roberts
Investment Insights
Based on property information with market context.
2545 Blairstone Pines Drive is a two-story office building in Blairstone Pines Office Park offering 3,720 square feet. The exterior features a brick and wood frame construction, and the interior is supported by recent updates including a new roof, a new HVAC system, and interior improvements.
The property is positioned near major roads and residential areas, providing practical access for employees and visitors. Blairstone Pines Office Park is home to the Florida Wildlife Federation and other government and professional offices, creating an established tenant environment for similar users.
This building is well suited for office-based organizations that need a professionally maintained space with modernized building systems. Buyers evaluating ownership can benefit from the documented upgrades to the roof, HVAC, and interiors, while tenants looking for a managed office park context may appreciate the mix of government and professional co-tenants already operating on-site.
The property is positioned near major roads and residential areas, providing practical access for employees and visitors. Blairstone Pines Office Park is home to the Florida Wildlife Federation and other government and professional offices, creating an established tenant environment for similar users.
This building is well suited for office-based organizations that need a professionally maintained space with modernized building systems. Buyers evaluating ownership can benefit from the documented upgrades to the roof, HVAC, and interiors, while tenants looking for a managed office park context may appreciate the mix of government and professional co-tenants already operating on-site.
Key Highlights
- 2‑story office building with 3,720 SF total in Blairstone Pines Office Park
- Brick and wood frame exterior
- Recent updates include a new roof and HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,700
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,000
$914.0K
Cap Rate 7%
$652,857
$652.9K
Cap Rate 9%
$507,778
$507.8K
Market Conditions
NOI Build-Up for 3,720 SF
Gross rent
$78.1K $21.00/SF
− Vacancy
−$17.2K −$4.62/SF
EGI
$60.9K $16.38/SF
− OpEx
−$15.2K −$4.10/SF
NOI
$45.7K $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%
$914,000
Cap Rate 7%
$652,857
Cap Rate 9%
$507,778
Alternative Uses
Best Use
Office B
$652.9K
$571.3K – $761.7K
NOI $45,700 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$912.0K
$798.0K – $1.06M
NOI $63,839 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
Explore this area
Business Placement
Demographics for 32301, FL
29,686
Population
17,029
Households
1.7
Avg Household Size
32
Median Age
45%
College-Educated
92%
High-School Grad
10.2 sq mi
ZIP Area
2,910
Density / Sq Mi
$50,412
Median Household Income
$34,271
Median Earnings
$1,200
Median Rent
$211,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Updated two-story office building with recent roof, HVAC, and interior improvements in an occupied office park setting.
Where is this office building located?
The property is located at 2545 Blairstone Pines Dr Tallahassee, FL.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 2‑story office building with 3,720 SF total in Blairstone Pines Office Park; Brick and wood frame exterior; Recent updates include a new roof and HVAC system
