Flex Facility with Ample
2821 Sharer Road, Tallahassee, FL 32312
For Sale
Contact for pricing
The property accommodates office and warehouse functions with a large on-site parking area.
Property Size15,000 SF
Price / SF$250
Days on Market43
Property Features for 2821 Sharer Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Property Use
Listing Agency:
White Horse CRE LLC
Listed By:
Jason Jusko · License #FL - BK3292419
(850) 519-2487
Source:
Crexi
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 8 at 4:03PM
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 White Horse CRE LLC
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Investment Insights
Based on property information with market context.
This 15,000± SF flex and operations facility combines office and warehouse functions. Its 125-space parking field provides capacity for staff and fleet-related operations.
The property is located at 2821 Sharer Road in Tallahassee, Florida.
The property is located at 2821 Sharer Road in Tallahassee, Florida.
Key Highlights
- 15,000± SF flex and operations facility
- 125‑space on‑site parking field
- Located at 2821 Sharer Road, Tallahassee, FL 32312
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,892
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,337,840
$2.3M
Cap Rate 7%
$1,669,886
$1.7M
Cap Rate 9%
$1,298,800
$1.3M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$144.0K $9.60/SF
− Vacancy
−$6.5K −$0.43/SF
EGI
$137.5K $9.17/SF
− OpEx
−$20.6K −$1.38/SF
NOI
$116.9K $7.79/SF
Area
Tallahassee, FL
Vacancy
4.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,337,840
Cap Rate 7%
$1,669,886
Cap Rate 9%
$1,298,800
Alternative Uses
Best Use
Warehouse
$1.67M
$1.46M – $1.95M
NOI $116,892 @ 7.0% cap · market cap 3.12%
Second Best
Flex RnD
$1.55M
$1.36M – $1.81M
NOI $108,810 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$3.68M
$3.22M – $4.29M
NOI $257,414 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 32312, FL
34,304
Population
13,039
Households
2.6
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
93.4 sq mi
ZIP Area
367
Density / Sq Mi
$119,664
Median Household Income
$55,320
Median Earnings
$1,505
Median Rent
$406,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The property accommodates office and warehouse functions with a large on-site parking area.
Where is this flex space located?
The property is located at 2821 Sharer Road Tallahassee, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 15,000± SF flex and operations facility; 125‑space on‑site parking field; Located at 2821 Sharer Road, Tallahassee, FL 32312
