Multi-Tenant Retail
For Sale
Contact for pricing
2784 Capital Circle NE, Tallahassee, FL 32308
Former specialty retail space in a property with two additional retail occupants.
Property Size8,262 SF
Price / SF$0.02
Days on Market95
Property Features for 2784 Capital Circle NE
General Information
Standard status
Active
Size
8,262 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
8,262 SF
Tenancy
Multi
Properties For Sale
at 2784 Capital Circle NE
2784 Capital Circle NE
Size
1,400 SF
Type
Strip Center
Term
Negotiable
Listed By:
Lewis Buford
(850) 591-6363
Source:
Tlgproperty
Added: Aug 2
Changed: Oct 30
Last Checked: Nov 3 at 4:21AM
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 Lewis Buford
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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.
This 1,400-square-foot retail suite is positioned within a multi-tenant commercial property and was previously used by Vape On. The space offers a dedicated setting for a retail operator seeking an established storefront environment.
The property also includes The Bike Shop and Coral Reef Scuba as existing tenants. Availability is scheduled for September 1, 2026.
The property also includes The Bike Shop and Coral Reef Scuba as existing tenants. Availability is scheduled for September 1, 2026.
Key Highlights
- 1,400 SF retail suite
- Former Vape On space
- The Bike Shop and Coral Reef Scuba are existing tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,598
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,960
$272.0K
Cap Rate 7%
$194,257
$194.3K
Cap Rate 9%
$151,089
$151.1K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$21.0K $15.00/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$19.4K $13.88/SF
− OpEx
−$5.8K −$4.16/SF
NOI
$13.6K $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%
$271,960
Cap Rate 7%
$194,257
Cap Rate 9%
$151,089
Alternative Uses
Best Use
Retail
$194.3K
$170.0K – $226.6K
NOI $13,598 @ 7.0% cap · market cap 54,392.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.2K
$300.3K – $400.4K
NOI $24,025 @ 7.0% cap · market cap 96,100.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
262k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Home Improvements & Furnishings 27%
Apparel 11%
Shops & Services 10%
Chick-fil-A
Dining
67,419 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
51,955 visits/mo
0.3 miles
Texas Roadhouse
Dining
38,511 visits/mo
0.3 miles
Esposito Garden Center
Home Improvements & Furnishings
19,765 visits/mo
0.3 miles
Carrabba's Italian Grill
Dining
17,031 visits/mo
0.2 miles
Demographics for 32308, FL
23,355
Population
11,838
Households
2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
1,478
Density / Sq Mi
$73,125
Median Household Income
$46,786
Median Earnings
$1,327
Median Rent
$291,800
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 - Former specialty retail space in a property with two additional retail occupants.
Where is this retail space located?
The property is located at 2784 Capital Circle NE Tallahassee, FL.
What are key features of this property?
This property features: 1,400 SF retail suite; Former Vape On space; The Bike Shop and Coral Reef Scuba are existing tenants
