Koger Center Office
For Sale
Contact for pricing
2728 Centerview Drive, Tallahassee, FL 32301
Office building in Koger Center with ample parking.
Property Size72,774 SF
Price / SF$0.00
Days on Market331
Property Features for 2728 Centerview Drive
General Information
Standard status
Active
Size
72,774 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
72,774 SF
Year Built
1988
Properties For Sale
at 2728 Centerview Drive
2728 Centerview Drive
Size
10,343 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 15
Last Checked: Oct 16 at 7:37AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Forrest Building, situated within the Koger Center, is part of an 18-building office community. The property benefits from its location off Capital Circle SE, offering convenient access to the State of Florida office complex, the Southwood Community, and Highway 27. The building features natural lighting on every floor and is ADA compliant. On-site management and 24/7 security and monitoring are provided. Ample parking is available. The property has a size of 72774 square feet.
Key Highlights
- Convenient location near the State of Florida office complex and Southwood Community.
- Benefit from 24/7 Security & Monitoring.
- On‑site Management.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$894,029
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,880,580
$17.9M
Cap Rate 7%
$12,771,843
$12.8M
Cap Rate 9%
$9,933,656
$9.9M
Market Conditions
NOI Build-Up for 72,774 SF
Gross rent
$1.53M $21.00/SF
− Vacancy
−$336.2K −$4.62/SF
EGI
$1.19M $16.38/SF
− OpEx
−$298.0K −$4.10/SF
NOI
$894.0K $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%
$17,880,580
Cap Rate 7%
$12,771,843
Cap Rate 9%
$9,933,656
Alternative Uses
Best Use
Office B
$12.77M
$11.18M – $14.90M
NOI $894,029 @ 7.0% cap · market cap 4,257,280.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.84M
$15.61M – $20.81M
NOI $1,248,872 @ 7.0% cap · market cap 5,947,009.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
724
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building in Koger Center with ample parking.
Where is this office building located?
The property is located at 2728 Centerview Drive Tallahassee, FL.
What are key features of this property?
This property features: Convenient location near the State of Florida office complex and Southwood Community.; Benefit from **24/7 Security & Monitoring.**; On‑site Management.
