Commercial Land With Existing
For Sale
$157,000
8401 Blountstown Hwy, Tallahassee, FL 32310
UF-zoned site with an existing concrete block structure, workshop, and screened porch along US Hwy 20.
Property Size1,408 SF
Price / SF$111.51
Days on Market51
Property Features for 8401 Blountstown Hwy
General Information
Standard status
Active
Size
1,408 SF
Listing Agency:
Nabors Realty LLC
Listed By:
Kimberly Nabors · License #3230934
(850) 694-0722
Source:
Hopegainesrealestate
Added: Aug 26
Changed: Oct 6
Last Checked: Oct 7 at 5:43PM
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 Nabors Realty LLC
Investment Insights
Based on property information with market context.
This 1.2-acre commercial land parcel includes an existing concrete block building with 2 bedrooms, 2 bathrooms, an attached workshop, and a screened front porch. The property is zoned Urban Fringe (UF), supporting commercial, residential, and mixed-use development options intended for lower-intensity projects that do not require full urban infrastructure.
The site fronts Historic Blountstown Hwy, identified as US Hwy 20, with an Annual Average Daily Traffic count of 9,200 vehicles. Capital Circle, Florida State University, Doak Campbell Stadium, and Tallahassee Airport are listed in the surrounding area. Potential uses stated for the UF zoning include veterinary services, retail stores, beauty salons, and barbershops.
The site fronts Historic Blountstown Hwy, identified as US Hwy 20, with an Annual Average Daily Traffic count of 9,200 vehicles. Capital Circle, Florida State University, Doak Campbell Stadium, and Tallahassee Airport are listed in the surrounding area. Potential uses stated for the UF zoning include veterinary services, retail stores, beauty salons, and barbershops.
Key Highlights
- 1.2‑acre commercial land site
- Urban Fringe (UF) zoning supports commercial, residential, and mixed‑use development
- Existing concrete block building with 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,306
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,120
$266.1K
Cap Rate 7%
$190,086
$190.1K
Cap Rate 9%
$147,844
$147.8K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$23.7K $16.80/SF
− Vacancy
−$2.4K −$1.68/SF
EGI
$21.3K $15.12/SF
− OpEx
−$8.0K −$5.67/SF
NOI
$13.3K $9.45/SF
Area
Tallahassee, FL
Vacancy
10.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,120
Cap Rate 7%
$190,086
Cap Rate 9%
$147,844
Alternative Uses
Best Use
Mixed Use
$190.1K
$166.3K – $221.8K
NOI $13,306 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.2K
$302.0K – $402.7K
NOI $24,163 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 32310, FL
17,209
Population
7,621
Households
2.3
Avg Household Size
32
Median Age
22%
College-Educated
85%
High-School Grad
91.9 sq mi
ZIP Area
187
Density / Sq Mi
$38,493
Median Household Income
$24,177
Median Earnings
$1,025
Median Rent
$118,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - UF-zoned site with an existing concrete block structure, workshop, and screened porch along US Hwy 20.
Where is this commercial land located?
The property is located at 8401 Blountstown Hwy Tallahassee, FL.
What is the asking price?
The asking price for this property is $157,000.
What are key features of this property?
This property features: 1.2‑acre commercial land site; Urban Fringe (UF) zoning supports commercial, residential, and mixed‑use development; Existing concrete block building with 2 bedrooms and 2 bathrooms
