Renovated Three-Story Office
For Sale
$1,065,000
2833 Remington Green Cir, Tallahassee, FL 32308
Vacant professional office property with independent floor layouts and shared flexibility for single- or multi-occupant use.
Property Size5,917 SF
Lot Size0.82 Acres
Price / SF$179.99
Days on Market50
Property Features for 2833 Remington Green Cir
General Information
Standard status
Active
Size
5,917 SF
Class
C
Lot size
0.82 Acres
Property subtype
Office
Building Details
Building Size
5,917 SF
Year Built
1986
Year Renovated
2024
Buildings
1
Stories
3
Listed By:
Trey Roberts
(850) 443-1688
Source:
Tlgproperty
Added: Aug 26
Changed: Oct 10
Last Checked: Oct 12 at 5:25PM
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 Trey Roberts
Investment Insights
Based on property information with market context.
This freestanding office building contains 5,917 SF across three stories on a 0.82-acre parcel. Constructed in 1986 and renovated in 2024, the property has updated finishes and a finished attic level reached by stairs for storage or file use.
The two principal floors are independently configured with private offices, conference rooms, kitchenettes, restrooms, and copy or work areas. The building is 100% vacant, allowing the space to support an owner-user, a single occupant, or separate occupancy by floor. Located within Remington Green in northeast Tallahassee, the property also offers substantial on-site parking relative to the complex.
The two principal floors are independently configured with private offices, conference rooms, kitchenettes, restrooms, and copy or work areas. The building is 100% vacant, allowing the space to support an owner-user, a single occupant, or separate occupancy by floor. Located within Remington Green in northeast Tallahassee, the property also offers substantial on-site parking relative to the complex.
Key Highlights
- 5,917 SF freestanding office building on a 0.82‑acre lot
- Three‑story layout with a finished attic for storage or file space
- Renovated in 2024; originally built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,690
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,453,800
$1.5M
Cap Rate 7%
$1,038,429
$1.0M
Cap Rate 9%
$807,667
$807.7K
Market Conditions
NOI Build-Up for 5,917 SF
Gross rent
$124.3K $21.00/SF
− Vacancy
−$27.3K −$4.62/SF
EGI
$96.9K $16.38/SF
− OpEx
−$24.2K −$4.10/SF
NOI
$72.7K $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%
$1,453,800
Cap Rate 7%
$1,038,429
Cap Rate 9%
$807,667
Alternative Uses
Best Use
Office B
$1.04M
$908.6K – $1.21M
NOI $72,690 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,541 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Vacant professional office property with independent floor layouts and shared flexibility for single- or multi-occupant use.
Where is this office building located?
The property is located at 2833 Remington Green Cir Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,065,000.
What are key features of this property?
This property features: 5,917 SF freestanding office building on a 0.82‑acre lot; Three‑story layout with a finished attic for storage or file space; Renovated in 2024; originally built in 1986
