Mixed-Use Property with
312 E GEORGIA Street, Tallahassee, FL 32301
For Sale
$675,000
CommercialSale, Tallahassee, FL
Property Size3,452 SF
Lot Size0.14 Acres
Price / SF$195.54
Days on Market73
Property Features for 312 E GEORGIA Street
General Information
Property type
Property subtype
Exterior features
Fencing
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Utilities
Heating system
Cooling system
Water source
Building Details
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Listing Agency:
Coldwell Banker Hartung
(850) 386-6160
Listed By:
Lisa Carey · License FL #3120629
(850) 212-3083
Added: Sep 1
Changed: Nov 9
Last Checked: Nov 12 at 6:06AM
MLS# 404416
Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,452-square-foot mixed-use property sits on a 0.14-acre lot and is currently configured as a residence. A conditioned studio occupies the rear, and the interior has hardwood flooring. The building is frame construction with central heat and central air, along with window units and ceiling fans. The site is fenced and has on-site parking; street parking is also available.
The property is on E Georgia Street in Tallahassee, between N. Calhoun and N. Gadsden. Downtown, the N. Monroe Street corridor, parks, schools, dining, and Lafayette Park are within walking distance. The building has also served as office space and as a therapist’s office.
The property is on E Georgia Street in Tallahassee, between N. Calhoun and N. Gadsden. Downtown, the N. Monroe Street corridor, parks, schools, dining, and Lafayette Park are within walking distance. The building has also served as office space and as a therapist’s office.
Key Highlights
- 3,452 square feet on a 0.14‑acre lot
- Conditioned studio at the rear of the building
- Currently configured as a residence; previously used as a therapist’s office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,621
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,420
$652.4K
Cap Rate 7%
$466,014
$466.0K
Cap Rate 9%
$362,456
$362.5K
Market Conditions
NOI Build-Up for 3,452 SF
Gross rent
$58.0K $16.80/SF
− Vacancy
−$5.8K −$1.68/SF
EGI
$52.2K $15.12/SF
− OpEx
−$19.6K −$5.67/SF
NOI
$32.6K $9.45/SF
Area
Tallahassee, FL
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,420
Cap Rate 7%
$466,014
Cap Rate 9%
$362,456
Alternative Uses
Best Use
Mixed Use
$466.0K
$407.8K – $543.7K
NOI $32,621 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$846.3K
$740.5K – $987.3K
NOI $59,240 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,768
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property includes on-site parking and a fenced lot in a walkable area near downtown Tallahassee.
Where is this mixed-use property located?
The property is located at 312 E GEORGIA Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,452 square feet on a 0.14‑acre lot; Conditioned studio at the rear of the building; Currently configured as a residence; previously used as a therapist’s office
