Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2639 Monroe St Tallahassee, FL 32303

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Tallahassee Office, Flexible Suites

    Lot size:
    124,000 SF

    Property Features for 2639 Monroe St

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    124,000 SF
    Class
    A
    Total Rate
    188583.33

    Building Details

    Year Renovated
    2019

    Spaces For Lease

    at 2639 Monroe St, Tallahassee, FL 32303 Contact us
    Unit B-200 Technology Center

    $19 /Mo

    Size
    19,998 SF
    Contact us
    Unit Building C100 - Executive Suites

    $18 /Mo

    Size
    9,500 SF
    Contact us
    Unit Building B120

    $18 /Mo

    Size
    6,110 SF
    Contact us

    We can help!

    Listing Contact
    Daniel H Wagnon
    Daniel H Wagnon

    Listing Agency: Structure Commercial Real Estate LLC Listing Agent: Daniel H Wagnon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    The Edgewater Corporate Center, a Class A office building in North Tallahassee (2639 N Monroe St, 32303), offers 124,000 square feet of premium office space. This multi-tenant property boasts flexible floor plans, accommodating spaces from 100 to 19,998 contiguous square feet
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PrintScan - Authorized Fingerprinting ... Fingerprinting Service Toro Wealth Management ... Financial Advisor GotBrakes Mobile Brake ... Auto Repair Shop The Ace Of Face Teeth ... Dental Office HostedNumbers.com Telecommunications Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2967093
    Latitude
    30.4778005

    Nearby Similar for Lease

    • $1,350 /Mo
      6,970 SF

      Downtown Tallahassee Office Condo For Rent

      900 SF office condo in the heart of Tallahassee.
      227 E Virginia St, Tallahassee, FL 32301
      View Details
    • $1,500 /Mo
      20,038 SF

      Efficient Micro Office with Gym

      750 sqft Tallahassee office with gym access, available 10/15.
      3554 Austin Davis Ave, Tallahassee, FL 32308
      View Details
    • New
      $1,860 /Mo
      1,307 SF

      Tallahassee Office Space For Rent

      Office space in Tallahassee, available July 1, 2026.
      1725 NE Capital Cir, Tallahassee, FL 32308
      View Details
    • $3,500 /Mo
      12,632 SF

      Professional Office Space in Tallahassee

      High-end office space in desirable NE Tallahassee, available March 2026.
      1684 Metropolitan Cir, Tallahassee, FL 32308
      View Details
    • $2,200 /Mo
      4,792 SF

      Office/Medical Space For Lease

      Office/medical space available for lease in Tallahassee, Florida.
      1706 Riggins Rd, Tallahassee, FL 32308
      View Details
    • $1,195 /Mo
      436 SF

      Tallahassee Commercial Space For Rent

      Commercial space with office and warehouse potential in Tallahassee, Florida.
      1319 Mahan Dr, Tallahassee, FL 32308
      View Details
    • $6,500 /Mo
      28,314 SF

      Furnished Office Space For Lease

      Professionally furnished 6,500 SF office space in Tallahassee, Florida.
      1917 Commonwealth Ln, Tallahassee, FL 32303
      View Details
    • $2,500 /Mo
      436 SF

      Restaurant Space Near FSU

      Restaurant space near FSU and downtown Tallahassee.
      415 Saint Francis St, Tallahassee, FL 32301
      View Details
    • $5,500 /Mo
      6,534 SF

      Tallahassee Office Space For Rent

      Professional office space in prime, central Tallahassee location.
      1682 Metropolitan Cir, Tallahassee, FL 32308
      View Details
    • $1,495 /Mo
      436 SF

      Tallahassee Storage Space For Rent

      Storage space available near Downtown Tallahassee with convenient roll-up door.
      1317 Mahan Dr, Tallahassee, FL 32308
      View Details
    • $3,000 /Mo
      5,227 SF

      Professional Office Suite For Lease

      2,250 sq ft office suite in Tallahassee, Florida.
      347 Office Plz Dr, Tallahassee, FL 32301
      View Details
    • $3,200 /Mo
      28,314 SF

      Tallahassee Warehouse Space Available

      6,000 sq ft warehouse space for lease in Tallahassee.
      1701 Mills St, Tallahassee, FL 32310
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Tallahassee Office, Flexible Suites
    Where is this office property located?
    The property is located at 2639 Monroe St Tallahassee, FL.
    What is the lease rate?
    The lease rate is $0.00-$19 SF/Yr.
    What are key features of this property?
    This property features: Class A office building totaling 124,000 square feet in North Tallahassee.; Executive suites available, fully serviced, ranging from $425 to $1,295 per month.; Brand new construction with flexible floor plans, including window and interior offices.
    (850) 766-2271 Call to check price and availability
    Request Owner's contact information
    2639 Monroe St Tallahassee, FL 32303
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2639 Monroe St
    Tallahassee, FL 32303
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2639 Monroe St Tallahassee, FL 32303
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel H Wagnon
    Daniel H Wagnon
    Real Estate License ID: BK3313163
    (850) 766-2271 (850) 656-6555
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!