Brick Shopping
327 N MACOMB Street, Tallahassee, FL 32301
For Sale
$350,000
CommercialSale, Tallahassee, FL
Property Size2,905 SF
Lot Size0.08 Acres
Price / SF$120.48
Days on Market17
Property Features for 327 N MACOMB Street
General Information
Property type
Property subtype
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Utilities
Cooling system
Water source
Building Details
Building materials
Listing Agency:
Maclay Realty & Management LLC
Listed By:
Justin Peel · License FL #3132867
(850) 519-8621
Added: Oct 27
Changed: Nov 9
Last Checked: Nov 12 at 6:06AM
MLS# 406467
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,905-square-foot shopping center occupies a 0.08-acre site and has brick construction. Cooling varies by unit, and the property is served by public water. The center is located at 327 N Macomb Street in Tallahassee, Florida.
Key Highlights
- 2,905‑square‑foot shopping center on a 0.08‑acre site
- Brick construction
- Cooling varies by unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,215
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,300
$564.3K
Cap Rate 7%
$403,071
$403.1K
Cap Rate 9%
$313,500
$313.5K
Market Conditions
NOI Build-Up for 2,905 SF
Gross rent
$43.6K $15.00/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$40.3K $13.88/SF
− OpEx
−$12.1K −$4.16/SF
NOI
$28.2K $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%
$564,300
Cap Rate 7%
$403,071
Cap Rate 9%
$313,500
Alternative Uses
Best Use
Retail
$403.1K
$352.7K – $470.3K
NOI $28,215 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$712.2K
$623.2K – $830.9K
NOI $49,853 @ 7.0% cap · market cap 14.24%
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
3,088
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Hotels & Casinos 13%
Shops & Services 6%
McDonald's
Dining
25,784 visits/mo
0.3 miles
Starbucks
Dining
13,133 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
9,807 visits/mo
0.1 miles
Four Points by Sheraton, Tallahassee Downtown
Hotels & Casinos
7,674 visits/mo
0.2 miles
Dollar General
Shops & Services
3,819 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Governor's mall — 316 W Tennessee St, Tallahassee, FL 32301, United States
Frequently Asked Questions
What type of property is this?
Shopping center - Public water service supports this multi-unit retail property.
Where is this shopping center located?
The property is located at 327 N MACOMB Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,905‑square‑foot shopping center on a 0.08‑acre site; Brick construction; Cooling varies by unit
