Freestanding Office
New
For Sale
$790,000
3010 Highland Oaks Ter, Tallahassee, FL 32301
Flexible office layout supports separate occupancy or a unified user configuration with dedicated work areas and shared amenities.
Property Size4,236 SF
Days on Market3
Property Features for 3010 Highland Oaks Ter
General Information
Standard status
Active
Size
4,236 SF
Class
B
Property subtype
Multi Tenant Office
Additional Details
Office Units
2
Amenities
reception area
conference room
collaborative work space
kitchen area
Building Details
Building Size
4,236 SF
Year Built
2020
Buildings
1
Construction
brick
Listing Agency:
NAI TALCOR
(850) 224-2300
Listed By:
Jim Taube, CCIM · License #672081
(850) 224-2300
Source:
Thebrokerlist
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 4:26AM
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 NAI TALCOR
Investment Insights
Based on property information with market context.
Built in 2020, this freestanding office property is arranged for flexible occupancy, with a layout that can accommodate two users or operate as one unified workplace. The building includes a reception area, conference room, collaborative workspace, kitchen, and private offices with windows that bring natural light into the work areas. Vinyl plank flooring is installed throughout, complemented by a brick exterior.
The property is situated south of Park Ave., off Capital Circle SE, near Sam's Club, in a park-like setting. Its office-oriented configuration and combination of private and shared areas provide a practical physical setup for professional operations.
The property is situated south of Park Ave., off Capital Circle SE, near Sam's Club, in a park-like setting. Its office-oriented configuration and combination of private and shared areas provide a practical physical setup for professional operations.
Key Highlights
- Freestanding office building constructed in 2020
- Office duplex layout suitable for two tenants or one user
- Reception area, conference room, collaborative workspace, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,039
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,040,780
$1.0M
Cap Rate 7%
$743,414
$743.4K
Cap Rate 9%
$578,211
$578.2K
Market Conditions
NOI Build-Up for 4,236 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$89.0K $21.00/SF
− Vacancy
−$19.6K −$4.62/SF
EGI
$69.4K $16.38/SF
− OpEx
−$17.3K −$4.10/SF
NOI
$52.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,040,780
Cap Rate 7%
$743,414
Cap Rate 9%
$578,211
Alternative Uses
Best Use
Office B
$743.4K
$650.5K – $867.3K
NOI $52,039 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$908.7K – $1.21M
NOI $72,694 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Flexible office layout supports separate occupancy or a unified user configuration with dedicated work areas and shared amenities.
Where is this office building located?
The property is located at 3010 Highland Oaks Ter Tallahassee, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Freestanding office building constructed in 2020; Office duplex layout suitable for two tenants or one user; Reception area, conference room, collaborative workspace, and kitchen
