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    1661 Phillips Rd Tallahassee, FL 32308

    Sponsored
    For Lease
    $10 SF/Yr ($11,206 /Mo)

    13,448 SF Office Building, 3 Acres

    Lot size:
    13,448 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13,448-square-foot office building, situated on a spacious 3-acre lot in Tallahassee, Florida, presents a unique investment opportunity. Currently vacant, the property offers significant potential for a variety of uses. Previously utilized as a surgery center, the building boasts numerous features ideal for continued medical use, including multiple operating rooms, recovery areas, private offices, and ample support spaces. These spaces include dedicated conference rooms, staff locker rooms, a medical records room, and a business office. The property's layout is highly adaptable, making it suitable for repurposing to meet diverse business needs. The building is located at 1661 Phillips Road, Tallahassee, FL 32308, within Leon County. The property is zoned Office Residential (OR-3) and includes 66 parking spaces, ensuring convenient access for staff and clients. With its substantial size, prime location, and versatile design, this property represents a compelling opportunity for businesses seeking a well-equipped and strategically located office space in a thriving Florida market. The single-tenant occupancy allows for complete control and customization. This is a rare opportunity to acquire a substantial, well-maintained building in a desirable area.

    Property Features for 1661 Phillips Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,448 SF
    Total Rate
    11206.67

    Unit(s) available at that property

    Space
    Available space
    Size
    13,448 SF
    Rate per SF
    $10

    HighLights

    • 13,448 SF office building on a 3‑acre lot in Tallahassee, FL.
    • Equipped with an auxiliary generator.
    • Ideal for continued medical use or repurposing.
    • 66 parking spaces.
    • Office Residential (OR‑3) zoning.
    • Concrete block and brick construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2403513
    Latitude
    30.4591842

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    FAQs

    What type of property is this?
    Medical office - 13,448 SF Office Building, 3 Acres
    Where is this medical office located?
    The property is located at 1661 Phillips Rd Tallahassee, FL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 13,448 SF office building on a 3-acre lot in Tallahassee, FL.; Equipped with an auxiliary generator.; Ideal for continued medical use or repurposing.
    Request Owner's contact information
    1661 Phillips Rd Tallahassee, FL 32308
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1661 Phillips Rd Tallahassee, FL 32308
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