Car Wash
For Sale
$225,000
2612 S Monroe Street, Tallahassee, FL 32301
The 1,380-square-foot site is presented for reuse or redevelopment as a small-format commercial property.
Property Size1,380 SF
Price / SF$163.04
Days on Market31
Property Features for 2612 S Monroe Street
General Information
Standard status
Active
Size
1,380 SF
Property subtype
Commercial
Building Details
Building Size
1,380 SF
Listing Agency:
Premier Group Realty
Listed By:
Rollins Miller · License #3469533
(229) 220-2704
Source:
Bertpope
Added: Oct 6
Changed: Nov 4
Last Checked: Nov 5 at 4:54AM
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 Premier Group Realty
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Investment Insights
Based on property information with market context.
This car wash property contains 1,380 square feet. The remarks identify potential reuse for an oil change operation, car detailing, or tire service, as well as redevelopment for a small-footprint commercial use.
The property is located at 2612 S Monroe Street in Tallahassee, Florida.
The property is located at 2612 S Monroe Street in Tallahassee, Florida.
Key Highlights
- 1,380‑square‑foot car wash property
- Reuse options named include oil change service, car detailing, and tire service
- Small‑footprint commercial redevelopment is identified
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,761
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,220
$315.2K
Cap Rate 7%
$225,157
$225.2K
Cap Rate 9%
$175,122
$175.1K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$22.4K $16.20/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$21.0K $15.23/SF
− OpEx
−$5.3K −$3.81/SF
NOI
$15.8K $11.42/SF
Area
Tallahassee, FL
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,220
Cap Rate 7%
$225,157
Cap Rate 9%
$175,122
Alternative Uses
Best Use
Specialty Retail
$225.2K
$197.0K – $262.7K
NOI $15,761 @ 7.0% cap · market cap 7.00%
Second Best
Retail
$191.5K
$167.5K – $223.4K
NOI $13,403 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$338.3K
$296.0K – $394.7K
NOI $23,682 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
145k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 39%
Groceries 14%
Apparel 3%
McDonald's
Dining
26,867 visits/mo
0.2 miles
Piggly Wiggly
Groceries
20,803 visits/mo
0.1 miles
Circle K
Shops & Services
17,226 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,116 visits/mo
0.5 miles
Wendy's
Dining
10,207 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Car wash - The 1,380-square-foot site is presented for reuse or redevelopment as a small-format commercial property.
Where is this car wash located?
The property is located at 2612 S Monroe Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,380‑square‑foot car wash property; Reuse options named include oil change service, car detailing, and tire service; Small‑footprint commercial redevelopment is identified
