Bank Branch with
For Sale
Contact for pricing
3641 Coolidge Ct, Tallahassee, FL 32311
Well-maintained bank branch with a grand lobby, multiple offices, and three drive-thru lanes.
Property Size4,464 SF
Price / SF$310.26
Days on Market1229
Property Features for 3641 Coolidge Ct
General Information
Standard status
Active
Size
4,464 SF
Property subtype
RETAIL
Amenities
conference rooms
break room
storage spaces
drive thru lanes
grand lobby
Listing Agency:
The Naumann Group Real Estate
(850) 325-1681
Listed By:
Josh Kasper · License #3104458
(850) 325-1681
Source:
Moodyscre
Added: Mar 21, 2023
Changed: Jul 28
Last Checked: Jul 31 at 5:35AM
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 The Naumann Group Real Estate
Investment Insights
Based on property information with market context.
This well-maintained bank branch includes multiple office spaces and conference rooms, along with a large break room and storage areas. The building also features a grand lobby and three drive-thru lanes, supporting on-site customer service and teller operations.
The property is located near retail, professional services, and state offices in SouthWood, positioning it within a broader commercial and government-oriented area.
With its office layout, conference space, break room, and dedicated drive-thru configuration, the property is suited to branch-style financial use and related customer-facing operations.
The property is located near retail, professional services, and state offices in SouthWood, positioning it within a broader commercial and government-oriented area.
With its office layout, conference space, break room, and dedicated drive-thru configuration, the property is suited to branch-style financial use and related customer-facing operations.
Key Highlights
- Well‑maintained bank branch with a grand lobby
- Multiple office spaces plus conference rooms
- Large break room and additional storage spaces
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.3k | $16.20 |
| − Vacancy | −$4.3k | −$0.97 |
| EGI | $68.0k | $15.23 |
| − OpEx | −$17.0k | −$3.81 |
| NOI | $51.0k | $11.42 |
4,464 SF · lease $16.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$728.3K
$637.3K – $849.7K
NOI $50,983 @ 7.0% cap · market cap 3.68%
Second Best
Retail
$619.4K
$542.0K – $722.6K
NOI $43,357 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.09M
$957.6K – $1.28M
NOI $76,607 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
86k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Dining 44%
Shops & Services 6%
Publix
Groceries
42,649 visits/mo
0.3 miles
McDonald's
Dining
18,844 visits/mo
0.2 miles
Wendy's
Dining
14,042 visits/mo
0.2 miles
China Wok
Dining
4,259 visits/mo
0.3 miles
State Employees Credit Union
Shops & Services
2,278 visits/mo
0.4 miles
Demographics for 32311, FL
21,218
Population
10,166
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
56.5 sq mi
ZIP Area
376
Density / Sq Mi
$80,250
Median Household Income
$46,466
Median Earnings
$1,497
Median Rent
$288,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Well-maintained bank branch with a grand lobby, multiple offices, and three drive-thru lanes.
Where is this bank located?
The property is located at 3641 Coolidge Ct Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: Well‑maintained bank branch with a grand lobby; Multiple office spaces plus conference rooms; Large break room and additional storage spaces
