Tallahassee Warehouse For
2830 Industrial Plaza Drive, Tallahassee, FL 32301
For Sale
Contact for pricing
12,000 square foot warehouse in Tallahassee, Florida.
Property Size12,000 SF
Price / SF$175
Days on Market182
Property Features for 2830 Industrial Plaza Drive
General Information
Standard status
Size
Property subtype
Listing Agency:
Harrison Commercial Properties
(850) 421-3535
Listed By:
Fernanda Biselli
(850) 210-2558
Source:
Moodyscre
Added: May 15
Changed: Aug 8
Last Checked: Aug 8 at 3:16PM
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 Harrison Commercial Properties
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Investment Insights
Based on property information with market context.
This commercial real estate offering features a 12,000 square foot warehouse. The property is located at 2830 Industrial Plaza Drive, Tallahassee, FL 32301.
Key Highlights
- 12,000 square foot warehouse
- Located in Tallahassee, Florida
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,514
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,870,280
$1.9M
Cap Rate 7%
$1,335,914
$1.3M
Cap Rate 9%
$1,039,044
$1.0M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$115.2K $9.60/SF
− Vacancy
−$5.2K −$0.43/SF
EGI
$110.0K $9.17/SF
− OpEx
−$16.5K −$1.38/SF
NOI
$93.5K $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%
$1,870,280
Cap Rate 7%
$1,335,914
Cap Rate 9%
$1,039,044
Alternative Uses
Best Use
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,514 @ 7.0% cap · market cap 4.45%
Second Best
Industrial
$1.16M
$1.02M – $1.36M
NOI $81,396 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,932 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Balanced
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Tallahassee
Vacancy Rate% for Industrial in South region
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- MRZ Storage A Hanselman Co — 2908 Mahan Dr, Tallahassee, FL 32308
Frequently Asked Questions
What type of property is this?
Warehouse - 12,000 square foot warehouse in Tallahassee, Florida.
Where is this warehouse located?
The property is located at 2830 Industrial Plaza Drive Tallahassee, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 12,000 square foot warehouse; Located in Tallahassee, Florida
