Retail Space on Apalachee
For Sale
Contact for pricing
2727 Apalachee Pkwy, Tallahassee, FL 32301
5,417 SF retail space available for sale.
Property Size11,969 SF
Price / SF$0.00
Days on Market223
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Property Features for 2727 Apalachee Pkwy
General Information
Standard status
Active
Size
11,969 SF
Class
A
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
11,969 SF
Year Built
1977
Properties For Sale
at 2727 Apalachee Pkwy Contact usFirst Floor Retail or Office
Size
2,400 SF
Type
Strip Center
Term
60 months
First Floor Retail or Office
Size
3,000 SF
Type
Strip Center
Term
60 months
First Floor Retail or Office
Size
5,417 SF
Type
Street Retail
Term
60 months
Listing Agency:
SVN | Southland Commercial Real Estate
Listed By:
Michael Carro, CCIM · License #MS #22421
(850) 380-3344
Source:
Southlandcommercial
Added: Mar 6
Changed: Oct 15
Last Checked: Oct 14 at 9:41PM
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 Real Estate
Investment Insights
Based on property information with market context.
The first floor of the building offers 5,417 square feet of retail space, which can be divided into two suites. Situated in Old St Augustine, Tallahassee, the location benefits from a vibrant retail environment. The area attracts shoppers and diners with a mix of well-known brands and local businesses. Governor's Square Mall is nearby, contributing to a steady flow of visitors. Apalachee Parkway provides high visibility and foot traffic. A variety of dining options, from casual to upscale, are available in the area. The property has frontage along Apalachee Parkway and is located next to the Koger Center and area retailers. It is approximately 3 miles from downtown and the State of Florida Satellite Office Complex. The location benefits from high traffic, with approximately 32,000 cars passing daily in a highly populated area. This location is suitable for retail and street retail investors or tenants.
Key Highlights
- High‑traffic location with 32,000 cars passing daily on Apalachee Parkway.
- 5,417 SF space divisible into two suites, offering flexible layout options.
- Prime retail location in Old St Augustine, surrounded by well‑known brands and local businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,613
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,260
$1.1M
Cap Rate 7%
$751,614
$751.6K
Cap Rate 9%
$584,589
$584.6K
Market Conditions
NOI Build-Up for 5,417 SF
Gross rent
$81.3K $15.00/SF
− Vacancy
−$6.1K −$1.13/SF
EGI
$75.2K $13.88/SF
− OpEx
−$22.5K −$4.16/SF
NOI
$52.6K $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%
$1,052,260
Cap Rate 7%
$751,614
Cap Rate 9%
$584,589
Alternative Uses
Best Use
Retail
$751.6K
$657.7K – $876.9K
NOI $52,613 @ 7.0% cap · market cap 239,150.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,961 @ 7.0% cap · market cap 422,550.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
280k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 30%
Groceries 13%
Hotels & Casinos 3%
Whataburger
Dining
25,761 visits/mo
0.3 miles
Circle K
Shops & Services
23,668 visits/mo
0.1 miles
Culver's
Dining
23,652 visits/mo
0.1 miles
Aldi
Groceries
22,203 visits/mo
0.4 miles
Dollar Tree
Shops & Services
18,507 visits/mo
0.4 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?
Retail space - 5,417 SF retail space available for sale.
Where is this retail space located?
The property is located at 2727 Apalachee Pkwy Tallahassee, FL.
What are key features of this property?
This property features: High‑traffic location with 32,000 cars passing daily on Apalachee Parkway.; 5,417 SF space divisible into two suites, offering flexible layout options.; Prime retail location in Old St Augustine, surrounded by well‑known brands and local businesses.
