Northeast Flex Warehouse
For Sale
Contact for pricing
656 Capital Circle Northeast, Tallahassee, FL 32301
Affordable flex warehouse with office space and tall roll-up door.
Property Size1,500 SF
Price / SF$0.01
Days on Market234
Property Features for 656 Capital Circle Northeast
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Industrial
Lease Term
MG
Building Details
Building Size
1,500 SF
Year Built
1986
Properties For Sale
at 656 Capital Circle Northeast
656-B Capital Circle NE
Size
1,500 SF
Type
Warehouse/Distribution
Term
36 months
Listing Agency:
NAI TALCOR | Tallahassee
Listed By:
Alan Richardson · License #SL3056256
(850) 545-2273
Source:
Naiglobal
Added: Feb 26
Changed: Oct 16
Last Checked: Oct 16 at 7:09AM
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
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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 is an end unit located at 656 Capital Circle Northeast, identified as Unit A. Previously used as a warehouse for the Florida Medical Association, the property features a 12-foot roll-up door and an interior clear height of 20 feet, suitable for stacking pallets. The unit includes office space on two levels, accessible via stairs to the second floor. The property is located in the northeast area and offers 1500 square feet of space, including offices and a restroom.
Key Highlights
- 20' Clear Height: Ideal for stacking and maximizing storage space.
- 12' Roll‑Up Door: Facilitates easy loading and unloading of goods.
- End Unit: Offers increased privacy and potentially more natural light.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,174
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,480
$203.5K
Cap Rate 7%
$145,343
$145.3K
Cap Rate 9%
$113,044
$113.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$15.3K $10.20/SF
− Vacancy
−$765 −$0.51/SF
EGI
$14.5K $9.69/SF
− OpEx
−$4.4K −$2.91/SF
NOI
$10.2K $6.78/SF
Area
Tallahassee, FL
Vacancy
5.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,480
Cap Rate 7%
$145,343
Cap Rate 9%
$113,044
Alternative Uses
Best Use
Flex RnD
$155.4K
$136.0K – $181.4K
NOI $10,881 @ 7.0% cap · market cap 90,675.00%
Second Best
Industrial
$145.3K
$127.2K – $169.6K
NOI $10,174 @ 7.0% cap · market cap 84,783.33%
Theoretical Best
Office A
$367.7K
$321.8K – $429.0K
NOI $25,741 @ 7.0% cap · market cap 214,508.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32301, FL
29,686
Population
17,029
Households
1.7
Avg Household Size
32
Median Age
45%
College-Educated
92%
High-School Grad
10.2 sq mi
ZIP Area
2,910
Density / Sq Mi
$50,412
Median Household Income
$34,271
Median Earnings
$1,200
Median Rent
$211,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Exquisite Delights by Cheneca — 400 Capital Cir SE Suite 18166, Tallahassee, FL 32301
Frequently Asked Questions
What type of property is this?
Flex space - Affordable flex warehouse with office space and tall roll-up door.
Where is this flex space located?
The property is located at 656 Capital Circle Northeast Tallahassee, FL.
What are key features of this property?
This property features: 20' Clear Height: Ideal for stacking and maximizing storage space.; 12' Roll‑Up Door: Facilitates easy loading and unloading of goods.; End Unit: Offers increased privacy and potentially more natural light.
