Commercial Land with Pole
4019 Apalachee Pkwy, Tallahassee, FL 32311
For Sale
$275,000
Commercial Parkway-zoned parcel with an existing structure featuring updated windows, fresh paint, and a recent metal roof.
Property Size1,135 SF
Price / SF$242.29
Days on Market48
Property Features for 4019 Apalachee Pkwy
General Information
Standard status
Size
Listing Agency:
TLH Realty Inc.
Listed By:
Patrick Darden · License #3488427
(850) 570-7877
Source:
Hopegainesrealestate
Added: Sep 21
Changed: Oct 25
Last Checked: Oct 7 at 2:13PM
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 TLH Realty Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 0.51-acre commercial parcel includes an existing structure with front and side entry, wood floors, new windows, fresh paint, and a recent metal roof. A pole barn is positioned at the rear of the property, adding a separate on-site improvement.
The property is located at 4019 Apalachee Pkwy in Tallahassee, near Conner Blvd. Its Commercial Parkway zoning and existing improvements support consideration for a small-business property, subject to applicable requirements.
The property is located at 4019 Apalachee Pkwy in Tallahassee, near Conner Blvd. Its Commercial Parkway zoning and existing improvements support consideration for a small-business property, subject to applicable requirements.
Key Highlights
- 0.51‑acre commercial parcel
- Zoned Commercial Parkway
- Located at 4019 Apalachee Pkwy, Tallahassee, FL 32311
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,024
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,480
$220.5K
Cap Rate 7%
$157,486
$157.5K
Cap Rate 9%
$122,489
$122.5K
Market Conditions
NOI Build-Up for 1,135 SF
Gross rent
$17.0K $15.00/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$15.7K $13.88/SF
− OpEx
−$4.7K −$4.16/SF
NOI
$11.0K $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%
$220,480
Cap Rate 7%
$157,486
Cap Rate 9%
$122,489
Alternative Uses
Best Use
Retail
$157.5K
$137.8K – $183.7K
NOI $11,024 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.3K
$243.5K – $324.6K
NOI $19,478 @ 7.0% cap · market cap 7.08%
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
97
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Commercial land in Tallahassee
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial Parkway-zoned parcel with an existing structure featuring updated windows, fresh paint, and a recent metal roof.
Where is this commercial land located?
The property is located at 4019 Apalachee Pkwy Tallahassee, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 0.51‑acre commercial parcel; Zoned Commercial Parkway; Located at 4019 Apalachee Pkwy, Tallahassee, FL 32311
