Koger Center Office
For Sale
Contact for pricing
2740 Centerview Drive, Tallahassee, FL 32301
Office building in Koger Center, Tallahassee, Florida.
Property Size88,038 SF
Price / SF$0.00
Days on Market331
Property Features for 2740 Centerview Drive
General Information
Standard status
Active
Size
88,038 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
88,038 SF
Year Built
1987
Properties For Sale
at 2740 Centerview Drive
2740 Centerview Drive
Size
77,853 SF
Type
Office Building
Term
Negotiable
Listing Agency:
NAI TALCOR
Listed By:
John W. McNeill, SIOR · License #FL #SL3173254
(850) 251-5504
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 2
Last Checked: Oct 16 at 8:01AM
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 NAI TALCOR
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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 Rhyne Building, situated within the Koger Center, is part of an 18-building office community. The property is located 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 is available. The property benefits from 24/7 security and monitoring. Ample parking is provided. The property contains 88,038 square feet.
Key Highlights
- Convenient location near the State of Florida Office Complex, Southwood Community, and Apalachee Parkway
- 24/7 Security & Monitoring
- On‑site Management
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,081,547
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,630,940
$21.6M
Cap Rate 7%
$15,450,671
$15.5M
Cap Rate 9%
$12,017,189
$12.0M
Market Conditions
NOI Build-Up for 88,038 SF
Gross rent
$1.85M $21.00/SF
− Vacancy
−$406.7K −$4.62/SF
EGI
$1.44M $16.38/SF
− OpEx
−$360.5K −$4.10/SF
NOI
$1.08M $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%
$21,630,940
Cap Rate 7%
$15,450,671
Cap Rate 9%
$12,017,189
Alternative Uses
Best Use
Office B
$15.45M
$13.52M – $18.03M
NOI $1,081,547 @ 7.0% cap · market cap 5,150,223.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.58M
$18.89M – $25.18M
NOI $1,510,817 @ 7.0% cap · market cap 7,194,366.67%
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building in Koger Center, Tallahassee, Florida.
Where is this office building located?
The property is located at 2740 Centerview Drive Tallahassee, FL.
What are key features of this property?
This property features: Convenient location near the State of Florida Office Complex, Southwood Community, and Apalachee Parkway; 24/7 Security & Monitoring; On‑site Management
