Centrally Located Office
For Sale
Contact for pricing
545 E Tennessee St., Tallahassee, FL 32308
Office suite in central Tallahassee, convenient to downtown and Midtown.
Property Size10,000 SF
Price / SF$0.00
Days on Market333
Property Features for 545 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
Properties For Sale
at 545 E Tennessee St.
FJ Black Business Center
Size
1,000 SF
Type
Office Building
Term
Negotiable
Listing Agency:
NAI TALCOR
Listed By:
Jim Taube, CCIM · License #672081
(850) 545-5649
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 19
Last Checked: Oct 19 at 3:37AM
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
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 office suite is available for lease and is centrally located, offering convenient access to downtown, Midtown, and Northeast Tallahassee. The property features ample parking. Corner offices benefit from large windows. Utilities and internet are included.
Key Highlights
- Central Midtown Location
- Utilities & Internet Included
- Ample Parking
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 877,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,610 @ 7.0% cap · market cap 1,225,785.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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?
Office unit - Office suite in central Tallahassee, convenient to downtown and Midtown.
Where is this office unit located?
The property is located at 545 E Tennessee St. Tallahassee, FL.
What are key features of this property?
This property features: Central Midtown Location; Utilities & Internet Included; Ample Parking
