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    Medical/Dental Office Building Opportunity Title is generated by Realmo AI

    2732 Capital Cir NE, Tallahassee, FL 32308

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    3,200 SF professional office building suitable for medical or dental use.

    Type:Mixed Use, Office, Special Purpose
    Property size:
    3,200 SF
    Price / SF:
    $171/SF
    Added:
    Mar 23, 2026
    Days on Market:
    57
    Last Refresh:
    Mar 23 at 8:22 pm

    Property Features for 2732 Capital Cir NE

    General Information

    Standard status
    Active
    Size
    3,200 SF
    Property subtype
    Mixed Use, Office, Special Purpose

    Building Details

    Year Built
    1986

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    Listing Contact
    John D. Stehmeyer

    Listing agent John D. Stehmeyer License #Florida 3135041

    Listing office Pro Players Realty USA

    Listing date Mar 23, 2026

    Source Crexi

    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 Pro Players Realty USA

    HighLights

    • Ideal for Medical/Dental Practices: Easily adaptable single‑story layout with flexible floor plan and existing office configuration.
    • High Traffic & Visibility: Located on Capital Circle NE with approximately 58,000 vehicles per day.
    • Flexible Floor Plan: Can function as one large office, two separate suites, or three independent units.
    • Strong Professional Corridor: Surrounded by healthcare providers, financial institutions, and professional services.
    • Convenient Location: Easy access to established residential communities and major commercial anchors.
    • Investment Potential: Opportunity for healthcare professionals or investors seeking multi‑tenant occupancy.

    Overview

    Located along Capital Circle NE in Northeast Tallahassee, this 3,200 SF single-story professional office building presents an opportunity for medical professionals, dentists, attorneys, and investors. The building's layout is adaptable, functioning as one professional office, two separate suites, or three independent professional units. Originally constructed as a State Farm insurance office, the building's design suits various uses, including medical or dental practices, chiropractic clinics, real estate or insurance offices, property management firms, and professional service providers. The existing floor plan could accommodate multiple dental operatories along with reception, sterilization, consultation space, and administrative offices. The property features four-sided brick construction, four restrooms, a kitchen/breakroom area, and quality windows providing excellent natural light. Situated along Capital Circle NE, a primary commuter route, the property benefits from approximately 58,000 vehicles per day traffic exposure. The surrounding commercial area includes grocery stores, home improvement retailers, restaurants, financial institutions, medical offices, and professional service providers. The location provides access to residential communities, contributing to the area’s daytime population and patient base. The building's single-story layout and existing office configuration provide a foundation for healthcare uses, potentially accommodating a reception and waiting area, dental operatories or medical exam rooms, sterilization or laboratory space, a consultation office, administrative workspace, and a staff breakroom.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $436.8K
    NOI $39,312 @ 9.00% cap · cautious / downside scenario
    Moderate
    $561.6K
    NOI $39,312 @ 7.00% cap · market / base-case scenario
    Aggressive
    $786.2K
    NOI $39,312 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
    Calculated for Office B

    Component $ $/SF
    Gross rent $67.2k $21.00
    − Vacancy −$14.8k −$4.62
    EGI $52.4k $16.38
    − OpEx −$13.1k −$4.10
    NOI $39.3k $12.29
    3,200 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $561.6K
    $491.4K – $655.2K (±1% cap)
    NOI $39,312 @ 7.0% cap · market cap 7.15%
    Second Best
    Healthcare Medical
    $542.1K
    $474.3K – $632.5K (±1% cap)
    NOI $37,947 @ 7.0% cap · market cap 6.90%
    Theoretical Best
    Office A
    $784.5K
    $686.4K – $915.3K (±1% cap)
    NOI $54,915 @ 7.0% cap · market cap 9.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pro Players Realty ... Real Estate Agency Donna Salters, Pro ... Real Estate Agency Peggy Elliott Physician Caroline Colletti Physician A Touch of Healing Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Northeast Animal Hospital 1407 Timberlane Rd, Tallahassee, FL 32312
    • Tallahassee Regional Animal Hospital 2205 Danshire Dr, Tallahassee, FL 32308
    • Banfield Pet Hospital 3220 capital cir ne, tallahassee, fl 32308
    • Pitts Carl H DVM 1407 Timberlane Rd, Tallahassee, FL 32312
    • Gelhardt Stefanie DVM 1407 Timberlane Rd, Tallahassee, FL 32312

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2409426
    Latitude
    30.4881148

    FAQs

    What type of property is this?
    Medical Office Space - 3,200 SF professional office building suitable for medical or dental use.
    Where is this medical office space located?
    The property is located at 2732 Capital Cir NE Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Ideal for Medical/Dental Practices: Easily adaptable single‑story layout with flexible floor plan and existing office configuration.; High Traffic & Visibility: Located on Capital Circle NE with approximately 58,000 vehicles per day.; Flexible Floor Plan: Can function as one large office, two separate suites, or three independent units.
    More about this property
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