Individual Office Suites For
For Sale
Contact for pricing
541 E Tennessee St., Tallahassee, FL 32308
Small office suites in central Tallahassee location with included utilities.
Property Size10,000 SF
Price / SF$0.05
Days on Market262
Property Features for 541 E Tennessee St.
General Information
Standard status
Active
Size
10,000 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
10,000 SF
Year Built
1986
Properties For Sale
at 541 E Tennessee St. Contact usSuite 106
Size
250 SF
Type
Office Building
Term
Negotiable
Suite 120
Size
150 SF
Type
Office Building
Term
Negotiable
Suite 121
Size
250 SF
Type
Executive Suites
Term
Negotiable
Suite 122
Size
300 SF
Type
Office Building
Term
Negotiable
Listing Agency:
NAI TALCOR
Listed By:
Jim Taube, CCIM · License #672081
(850) 545-5649
Source:
Naiglobal
Added: Jan 27
Changed: Oct 8
Last Checked: Oct 16 at 8:00AM
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 attractive brick building offers small, individual office suites for sale. The property features private offices with a common reception area, as well as a shared conference and break room. Ample parking is available. The rental rate includes utilities and internet. Centrally located across from Leon High School, the property is convenient to downtown, Midtown, and Northeast Tallahassee.
Key Highlights
- All utilities and internet included in rental rate.
- Central location convenient to downtown, Midtown, and NE Tallahassee.**
- Ample parking available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,850
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,457,000
$2.5M
Cap Rate 7%
$1,755,000
$1.8M
Cap Rate 9%
$1,365,000
$1.4M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$210.0K $21.00/SF
− Vacancy
−$46.2K −$4.62/SF
EGI
$163.8K $16.38/SF
− OpEx
−$41.0K −$4.10/SF
NOI
$122.9K $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%
$2,457,000
Cap Rate 7%
$1,755,000
Cap Rate 9%
$1,365,000
Alternative Uses
Best Use
Office B
$1.75M
$1.54M – $2.05M
NOI $122,850 @ 7.0% cap · market cap 27,300.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,610 @ 7.0% cap · market cap 38,135.56%
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
2,641
Businesses Nearby
Explore this area
Business Placement
Demographics for 32308, FL
23,355
Population
11,838
Households
2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
1,478
Density / Sq Mi
$73,125
Median Household Income
$46,786
Median Earnings
$1,327
Median Rent
$291,800
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
Frequently Asked Questions
What type of property is this?
Serviced office - Small office suites in central Tallahassee location with included utilities.
Where is this serviced office located?
The property is located at 541 E Tennessee St. Tallahassee, FL.
What are key features of this property?
This property features: All utilities and internet included in rental rate.; Central location convenient to downtown, Midtown, and NE Tallahassee.**; Ample parking available.
