Northeast Office Near Thomasville
For Sale
Contact for pricing
3846 Killearn Center Blvd, Tallahassee, FL 32309
Office space for sale in a convenient Northeast location.
Property Size1,491 SF
Price / SF$150.91
Days on Market234
Property Features for 3846 Killearn Center Blvd
General Information
Standard status
Active
Size
1,491 SF
Class
C
Property subtype
Office
Zoning
AC
Investment Type
Owner/User
Building Details
Year Built
1983
Buildings
1
Stories
2
Listing Agency:
NAI TALCOR - Tallahassee
Listed By:
Jep Dove · License #FL 3139026
(850) 224-2300
Source:
Crexi
Added: Feb 23
Changed: Oct 11
Last Checked: Oct 14 at 10:52PM
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 - Tallahassee
Investment Insights
Based on property information with market context.
This commercial property, located in the Northeast area near Thomasville Road and I-10, offers approximately 1491 square feet of office space. The property is intended for commercial real estate use.
Key Highlights
- Great Northeast location
- Near Thomasville Rd
- Proximity to I‑10
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,317
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,340
$366.3K
Cap Rate 7%
$261,671
$261.7K
Cap Rate 9%
$203,522
$203.5K
Market Conditions
NOI Build-Up for 1,491 SF
Gross rent
$31.3K $21.00/SF
− Vacancy
−$6.9K −$4.62/SF
EGI
$24.4K $16.38/SF
− OpEx
−$6.1K −$4.10/SF
NOI
$18.3K $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%
$366,340
Cap Rate 7%
$261,671
Cap Rate 9%
$203,522
Alternative Uses
Best Use
Office B
$261.7K
$229.0K – $305.3K
NOI $18,317 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.5K
$319.8K – $426.5K
NOI $25,587 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,138
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32309, FL
31,189
Population
13,719
Households
2.3
Avg Household Size
44
Median Age
61%
College-Educated
98%
High-School Grad
122.0 sq mi
ZIP Area
256
Density / Sq Mi
$110,162
Median Household Income
$57,837
Median Earnings
$1,363
Median Rent
$351,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office space - Office space for sale in a convenient Northeast location.
Where is this office space located?
The property is located at 3846 Killearn Center Blvd Tallahassee, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Great Northeast location; Near Thomasville Rd; Proximity to I‑10
