Golden Commerce Center
For Sale
Contact for pricing
2821 Industrial Plaza Drive, Tallahassee, FL 32308
Rare industrial/warehouse/distribution space in Tallahassee, Florida.
Property Size54,500 SF
Price / SF$0.00
Days on Market329
Property Features for 2821 Industrial Plaza Drive
General Information
Standard status
Active
Size
54,500 SF
Property subtype
Industrial
Lease Term
NNN
Building Details
Building Size
54,500 SF
Year Built
1996
Properties For Sale
at 2821 Industrial Plaza Drive
2821 Industrial Plaza Drive
Size
3,250 SF
Type
Flex Space
Term
60 months
Listing Agency:
SVN | SouthLand Commercial
Listed By:
Carlton Dean, SIOR, CCIM · License #FL #BK60471
(850) 524-2275
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 4
Last Checked: Oct 16 at 7:56AM
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
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Investment Insights
Based on property information with market context.
Golden Commerce Center presents a rare opportunity to acquire industrial, warehouse, and distribution space. Located off Industrial Plaza Drive on Capital Circle NE in Tallahassee, Florida, this property comprises 5 buildings totaling 54,500+/- square feet. The 3.48-acre site is secured with perimeter fencing and gates. The location provides convenient access to major transportation routes, including I-10 and US Highway 319, facilitating logistics and distribution operations. Proximity to Tallahassee International Airport and the Port of Tallahassee offers global connectivity. A range of amenities and services, including restaurants, hotels, and retail options, are located nearby. The property features dock-high doors, drive-in doors, and covered loading areas. Suites are available for lease within the facility, offering flexibility for various business needs.
Key Highlights
- Up to 54,500 sq. ft. of industrial/warehouse/distribution space available.
- Convenient location off Capital Circle NE with easy access to I‑10 and US Highway 319.
- Secured facility with perimeter fencing and gates.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$369,674
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,393,480
$7.4M
Cap Rate 7%
$5,281,057
$5.3M
Cap Rate 9%
$4,107,489
$4.1M
Market Conditions
NOI Build-Up for 54,500 SF
Gross rent
$555.9K $10.20/SF
− Vacancy
−$27.8K −$0.51/SF
EGI
$528.1K $9.69/SF
− OpEx
−$158.4K −$2.91/SF
NOI
$369.7K $6.78/SF
Area
Tallahassee, FL
Vacancy
5.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,393,480
Cap Rate 7%
$5,281,057
Cap Rate 9%
$4,107,489
Alternative Uses
Best Use
Office B
$9.56M
$8.37M – $11.16M
NOI $669,533 @ 7.0% cap · market cap 5,579,441.67%
Second Best
Warehouse
$6.07M
$5.31M – $7.08M
NOI $424,708 @ 7.0% cap · market cap 3,539,233.33%
Theoretical Best
Office A
$13.36M
$11.69M – $15.59M
NOI $935,272 @ 7.0% cap · market cap 7,793,933.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Rare industrial/warehouse/distribution space in Tallahassee, Florida.
Where is this warehouse located?
The property is located at 2821 Industrial Plaza Drive Tallahassee, FL.
What are key features of this property?
This property features: Up to 54,500 sq. ft. of industrial/warehouse/distribution space available.; Convenient location off Capital Circle NE with easy access to I‑10 and US Highway 319.; Secured facility with perimeter fencing and gates.
