Renovated Office Space
For Sale
Contact for pricing
2601 S Blair Stone Road, Tallahassee, FL 32303
Newly renovated office with conference room, reception, and breakroom.
Property Size275,000 SF
Price / SF$0.00
Days on Market336
Property Features for 2601 S Blair Stone Road
General Information
Standard status
Active
Size
275,000 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
275,000 SF
Year Built
1990
Properties For Sale
at 2601 S Blair Stone Road
Building C G-3
Size
2,766 SF
Type
Office Building
Term
Negotiable
Listed By:
John W. McNeill, SIOR · License #FL #SL3173254
(850) 251-5504
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 2
Last Checked: Oct 23 at 4:17AM
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 John W. McNeill, SIOR
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Investment Insights
Based on property information with market context.
This newly renovated office space features four offices, a large conference room, a reception area, and a break room. The property is located in Capital Commerce Center, situated just south of Apalachee Parkway on Blair Stone Road. The parking ratio is 3 spaces per 1,000 square feet.
Key Highlights
- Newly renovated office space in Capital Commerce Center
- Includes 4 offices, large conference room, reception area, and break room
- Located just South of Apalachee Parkway on Blair Stone Rd.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,378,375
Suggested Prices Based on Cap Rates
Cap Rate 5%
$67,567,500
$67.6M
Cap Rate 7%
$48,262,500
$48.3M
Cap Rate 9%
$37,537,500
$37.5M
Market Conditions
NOI Build-Up for 275,000 SF
Gross rent
$5.78M $21.00/SF
− Vacancy
−$1.27M −$4.62/SF
EGI
$4.50M $16.38/SF
− OpEx
−$1.13M −$4.10/SF
NOI
$3.38M $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%
$67,567,500
Cap Rate 7%
$48,262,500
Cap Rate 9%
$37,537,500
Alternative Uses
Best Use
Office B
$48.26M
$42.23M – $56.31M
NOI $3,378,375 @ 7.0% cap · market cap 16,087,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$67.42M
$58.99M – $78.65M
NOI $4,719,264 @ 7.0% cap · market cap 22,472,685.71%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
664
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
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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 - Newly renovated office with conference room, reception, and breakroom.
Where is this office unit located?
The property is located at 2601 S Blair Stone Road Tallahassee, FL.
What are key features of this property?
This property features: Newly renovated office space in Capital Commerce Center; Includes 4 offices, large conference room, reception area, and break room; Located just South of Apalachee Parkway on Blair Stone Rd.
