Mixed-Use Property with Rear
For Sale
$675,000
312 E GEORGIA Street, Tallahassee, FL 32301
A flexible layout pairs a conditioned studio at the back with on-site parking.
Property Size3,452 SF
Price / SF$195.54
Days on Market63
Property Features for 312 E GEORGIA Street
General Information
Standard status
Active
Size
3,452 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Building Size
3,452 SF
Listing Agency:
Coldwell Banker Hartung
Listed By:
Lisa Carey · License #3120629
(850) 212-3083
Source:
Tngrealty
Added: Sep 1
Changed: Nov 2
Last Checked: Nov 1 at 3:28PM
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 Coldwell Banker Hartung
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Investment Insights
Based on property information with market context.
This 3,452-square-foot mixed-use property is currently configured as a residence and previously served as a therapist’s office. The floor plan is adaptable, and a conditioned studio occupies the rear of the property. On-site parking is available, with additional street parking nearby.
At 312 E Georgia Street in Tallahassee, the property sits between N. Calhoun and N. Gadsden. Downtown, the N. Monroe Street corridor, Lafayette Park, dining, schools, and other commercial uses are within walking distance. The surrounding area includes historic homes and active businesses.
At 312 E Georgia Street in Tallahassee, the property sits between N. Calhoun and N. Gadsden. Downtown, the N. Monroe Street corridor, Lafayette Park, dining, schools, and other commercial uses are within walking distance. The surrounding area includes historic homes and active businesses.
Key Highlights
- 3,452‑square‑foot mixed‑use property
- Conditioned studio located at the rear
- Currently used as a residence; previously operated as a therapist’s office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,408
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,160
$848.2K
Cap Rate 7%
$605,829
$605.8K
Cap Rate 9%
$471,200
$471.2K
Market Conditions
NOI Build-Up for 3,452 SF
Gross rent
$72.5K $21.00/SF
− Vacancy
−$15.9K −$4.62/SF
EGI
$56.5K $16.38/SF
− OpEx
−$14.1K −$4.10/SF
NOI
$42.4K $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%
$848,160
Cap Rate 7%
$605,829
Cap Rate 9%
$471,200
Alternative Uses
Best Use
Office B
$605.8K
$530.1K – $706.8K
NOI $42,408 @ 7.0% cap · market cap 6.28%
Second Best
Mixed Use
$466.0K
$407.8K – $543.7K
NOI $32,621 @ 7.0% cap · market cap 4.83%
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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Property Analytics
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A flexible layout pairs a conditioned studio at the back with on-site parking.
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‑foot mixed‑use property; Conditioned studio located at the rear; Currently used as a residence; previously operated as a therapist’s office
