Flex Space with Large
5301 SW Capital Circle, Tallahassee, FL 32305
For Sale
$1,300,000
Under Contract
CommercialSale, Tallahassee, FL
Property Size6,622 SF
Lot Size2.88 Acres
Price / SF$196.32
Days on Market372
Property Features for 5301 SW Capital Circle
General Information
Property type
Property subtype
Parking features
Fencing
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Utilities
Heating system
Cooling system
Building Details
Building materials
Roof type
Listing Agency:
Coldwell Banker Hartung
(850) 386-6160
Listed By:
Preston Hall · License FL #3014597
(850) 294-7170
Added: Nov 6, 2025
Changed: Nov 12
Last Checked: Nov 12 at 8:06PM
MLS# 393485
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 6,622-square-foot flex property occupies 2.88 acres and combines warehouse and office areas. The metal-frame buildings have multiple roll-up doors, metal roofing, central heating and air conditioning, and a large yard. Fencing is also provided for the parking area.
The property has frontage on SW Capital Circle and additional access from Crossway Road in Tallahassee. Its site layout includes the building space and yard area, with entry available from both roads.
The property has frontage on SW Capital Circle and additional access from Crossway Road in Tallahassee. Its site layout includes the building space and yard area, with entry available from both roads.
Key Highlights
- 6,622 square feet of office and warehouse space
- 2.88‑acre site with a large yard
- Frontage on SW Capital Circle and access from Crossway Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,604
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,080
$1.0M
Cap Rate 7%
$737,200
$737.2K
Cap Rate 9%
$573,378
$573.4K
Market Conditions
NOI Build-Up for 6,622 SF
Gross rent
$63.6K $9.60/SF
− Vacancy
−$2.9K −$0.43/SF
EGI
$60.7K $9.17/SF
− OpEx
−$9.1K −$1.38/SF
NOI
$51.6K $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%
$1,032,080
Cap Rate 7%
$737,200
Cap Rate 9%
$573,378
Alternative Uses
Best Use
Warehouse
$737.2K
$645.1K – $860.1K
NOI $51,604 @ 7.0% cap · market cap 3.97%
Second Best
Flex RnD
$686.2K
$600.5K – $800.6K
NOI $48,036 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,640 @ 7.0% cap · market cap 8.74%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Takasa Entertainment LLC — 4727 Crawfordville Rd #17, Tallahassee, FL 32305
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas, fenced parking, and access from two roads support a range of commercial operations.
Where is this flex space located?
The property is located at 5301 SW Capital Circle Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,622 square feet of office and warehouse space; 2.88‑acre site with a large yard; Frontage on SW Capital Circle and access from Crossway Road
