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    101 Glenview Dr Tallahassee, FL 32303

    Sponsored
    For Sale
    $1,900,000

    27-Unit Apartment Building, Tallahassee, FL

    Property size:
    16,523 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional multifamily investment opportunity presents a 27-unit apartment building situated on a 1.2-acre lot in Tallahassee, Florida. The property, known as the Glenview Inn, is listed at $1,900,000, translating to $114.99 per square foot and $70,370.37 per unit. The 16,523 square foot complex comprises four buildings constructed in 1945 and is classified as a Class C property. The permitted zoning is OR-3. This prime location offers significant redevelopment potential, boasting frontage on both North Monroe Street and Glenview Drive. Its strategic position places it within minutes of Downtown Tallahassee, Florida State University, Florida A&M University, and the city of Thomasville, Georgia. The surrounding area is densely populated with numerous national and local retail establishments, ensuring high visibility and convenient access for residents. This presents a unique chance to acquire a substantial multifamily asset in a thriving and highly desirable location. The property's size and location make it an attractive prospect for investors seeking to capitalize on the growing Tallahassee market. The existing structure provides a solid foundation for future development or renovation projects.

    Property Features for 101 Glenview Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    16,523 SF
    Class
    C
    Lot Size
    52,272 SF

    Building Details

    Year Built
    1945
    Buildings
    4
    Units
    27

    HighLights

    • 27‑unit multifamily property in Tallahassee, FL, with frontage on N Monroe St. and Glenview Dr.
    • Prime location near Downtown Tallahassee, FSU, FAMU, and Thomasville, GA, surrounded by numerous national and local retailers.
    • Minutes from Downtown Tallahassee, Florida State University, Florida A&M University, and Thomasville, Georgia.
    Property Profile Location Intelligence

    Current Use by Public Records

    Glenview Inn Apartment Building

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2824434
    Latitude
    30.464886

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    FAQs

    What type of property is this?
    Multifamily property - 27-Unit Apartment Building, Tallahassee, FL
    Where is this multifamily property located?
    The property is located at 101 Glenview Dr Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 27-unit multifamily property in Tallahassee, FL, with frontage on N Monroe St. and Glenview Dr.; Prime location near Downtown Tallahassee, FSU, FAMU, and Thomasville, GA, surrounded by numerous national and local retailers.; Minutes from Downtown Tallahassee, Florida State University, Florida A&M University, and Thomasville, Georgia.
    Request Owner's contact information
    101 Glenview Dr Tallahassee, FL 32303
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    Tallahassee, FL 32303
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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
    101 Glenview Dr Tallahassee, FL 32303
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