Storefront
2901 E PARK AVE, Tallahassee, FL 32301
For Sale
Contact for pricing
The property is identified for industrial, office, and retail use.
Property Size1,200 SF
Price / SF$162.50
Days on Market25
Property Features for 2901 E PARK AVE
General Information
Standard status
Size
Property subtype
Listing Agency:
Harrison Commercial Properties
Listed By:
Fernanda Biselli
(850) 210-2558
Source:
Crexi
Added: Oct 19
Changed: Nov 9
Last Checked: Nov 12 at 7:30AM
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 1,200-square-foot storefront property is listed for sale at 2901 E Park Ave in Tallahassee, Florida. The property information identifies industrial, office, and retail categories.
Key Highlights
- 1,200 SF storefront property
- Identified for industrial, office, and retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,655
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,100
$233.1K
Cap Rate 7%
$166,500
$166.5K
Cap Rate 9%
$129,500
$129.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$18.0K $15.00/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$16.7K $13.88/SF
− OpEx
−$5.0K −$4.16/SF
NOI
$11.7K $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%
$233,100
Cap Rate 7%
$166,500
Cap Rate 9%
$129,500
Alternative Uses
Best Use
Retail
$166.5K
$145.7K – $194.3K
NOI $11,655 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.2K
$257.4K – $343.2K
NOI $20,593 @ 7.0% cap · market cap 10.56%
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
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Home Improvements & Furnishings 3%
Circle K
Shops & Services
19,246 visits/mo
0.1 miles
Dollar General
Shops & Services
10,083 visits/mo
0.1 miles
AutoZone
Shops & Services
6,311 visits/mo
0.1 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,270 visits/mo
0.1 miles
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 Storefront properties in Tallahassee
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Sam's Club Floral — 3122 Dick Wilson Blvd, Tallahassee, FL 32301
Frequently Asked Questions
What type of property is this?
Storefront property - The property is identified for industrial, office, and retail use.
Where is this storefront property located?
The property is located at 2901 E PARK AVE Tallahassee, FL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,200 SF storefront property; Identified for industrial, office, and retail
