Three-Unit Mixed-Use
For Sale
$330,000
2714 Apalachee Parkway, Tallahassee, FL 32301
The condominium spaces can function together as one business location or operate as separate suites.
Property Size2,925 SF
Price / SF$112.82
Days on Market90
Property Features for 2714 Apalachee Parkway
General Information
Standard status
Active
Size
2,925 SF
Total Parking Spaces
25
Property subtype
Commercial
Additional Details
Asking Price
$330,000
Building Details
Building Size
2,925 SF
Units
3
Listing Agency:
William Bill Poole
Listed By:
Bill Poole · License #567427
(850) 443-5808
Source:
Bertpope
Added: Aug 7
Changed: Nov 4
Last Checked: Nov 4 at 2:21AM
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 William Bill Poole
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Investment Insights
Based on property information with market context.
This mixed-use property consists of three retail/office condominium spaces totaling 2,925 square feet. The units may be operated as a single business location or separated for individual occupancy, offering two configurations within the same property.
Located at 2714 Apalachee Parkway in Tallahassee, the property is near downtown Tallahassee.
Located at 2714 Apalachee Parkway in Tallahassee, the property is near downtown Tallahassee.
Key Highlights
- Three retail/office condominium units offered together
- 2,925 square feet across the three spaces
- Units can be combined into one business location or used separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,409
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,180
$568.2K
Cap Rate 7%
$405,843
$405.8K
Cap Rate 9%
$315,656
$315.7K
Market Conditions
NOI Build-Up for 2,925 SF
Gross rent
$43.9K $15.00/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$40.6K $13.88/SF
− OpEx
−$12.2K −$4.16/SF
NOI
$28.4K $9.71/SF
Area
Tallahassee, FL
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,180
Cap Rate 7%
$405,843
Cap Rate 9%
$315,656
Alternative Uses
Best Use
Retail
$405.8K
$355.1K – $473.5K
NOI $28,409 @ 7.0% cap · market cap 8.61%
Second Best
Mixed Use
$394.9K
$345.5K – $460.7K
NOI $27,641 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$717.1K
$627.5K – $836.6K
NOI $50,196 @ 7.0% cap · market cap 15.21%
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
948
Businesses Nearby
238k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 29%
Groceries 9%
Apparel 4%
Whataburger
Dining
25,761 visits/mo
0.1 miles
Circle K
Shops & Services
23,668 visits/mo
0.3 miles
Culver's
Dining
23,652 visits/mo
0.2 miles
Aldi
Groceries
22,203 visits/mo
0.2 miles
Dollar Tree
Shops & Services
18,507 visits/mo
0.5 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?
Mixed-use property - The condominium spaces can function together as one business location or operate as separate suites.
Where is this mixed-use property located?
The property is located at 2714 Apalachee Parkway Tallahassee, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Three retail/office condominium units offered together; 2,925 square feet across the three spaces; Units can be combined into one business location or used separately
