Flex Retail Warehouse
For Sale
$425,000
3610 Crawfordville Rd, Tallahassee, FL 32305
Freestanding concrete block building with glass storefront, truck-high loading platform, and overhead door at the rear.
Property Size4,800 SF
Lot Size0.41 Acres
Days on Market104
Property Features for 3610 Crawfordville Rd
General Information
Standard status
Active
Size
4,800 SF
Lot size
0.41 Acres
Property subtype
Industrial
Zoning
M-1
Site & Location
Traffic Count
18,400 vehicles/day
Road Access
Yes
Building Details
Building Size
4,800 SF
Year Built
1974
Construction
concrete block
Listing Agency:
NAI TALCOR
Listed By:
Jim Taube, CCIM · License #672081
(850) 224-2300
Source:
Thebrokerlist
Added: Jul 25
Changed: Oct 26
Last Checked: Nov 4 at 9:40AM
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
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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 freestanding retail/warehouse flex building is constructed with concrete block and features a glass storefront for customer-facing frontage. The rear includes a truck-high loading platform and an overhead door, supporting practical loading and service access. The lot is clear and level, providing usable outdoor space alongside the building.
The property has frontage on Crawfordville Rd. and access from Ridge Rd., with visibility and signage. AADT is listed at 18,400.
The site is located in Light Industrial (M-1) zoning, which supports a variety of commercial uses. The property includes a large cleared lot and is designed for both retail presence and light industrial/warehouse operations.
The property has frontage on Crawfordville Rd. and access from Ridge Rd., with visibility and signage. AADT is listed at 18,400.
The site is located in Light Industrial (M-1) zoning, which supports a variety of commercial uses. The property includes a large cleared lot and is designed for both retail presence and light industrial/warehouse operations.
Key Highlights
- Freestanding retail/warehouse space on 0.41 acres with concrete block construction and a glass storefront
- Truck‑high loading platform and rear overhead door for industrial/flex use
- Clear, level lot with frontage on Crawfordville Rd. and access from Ridge Rd.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,405
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,100
$748.1K
Cap Rate 7%
$534,357
$534.4K
Cap Rate 9%
$415,611
$415.6K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$46.1K $9.60/SF
− Vacancy
−$2.1K −$0.43/SF
EGI
$44.0K $9.17/SF
− OpEx
−$6.6K −$1.38/SF
NOI
$37.4K $7.79/SF
Area
Tallahassee, FL
Vacancy
4.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,100
Cap Rate 7%
$534,357
Cap Rate 9%
$415,611
Alternative Uses
Best Use
Warehouse
$534.4K
$467.6K – $623.4K
NOI $37,405 @ 7.0% cap · market cap 8.80%
Second Best
Flex RnD
$497.4K
$435.2K – $580.3K
NOI $34,819 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,373 @ 7.0% cap · market cap 19.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
18,400 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32305, FL
19,199
Population
8,517
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
83%
High-School Grad
96.0 sq mi
ZIP Area
200
Density / Sq Mi
$47,694
Median Household Income
$32,166
Median Earnings
$923
Median Rent
$154,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding concrete block building with glass storefront, truck-high loading platform, and overhead door at the rear.
Where is this flex space located?
The property is located at 3610 Crawfordville Rd Tallahassee, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Freestanding retail/warehouse space on 0.41 acres with concrete block construction and a glass storefront; Truck‑high loading platform and rear overhead door for industrial/flex use; Clear, level lot with frontage on Crawfordville Rd. and access from Ridge Rd.
