Former Bank Branch For
3641 Coolidge Ct Tallahassee, FL 32311
For Sale
Contact for pricing
4,464 SF former bank branch in southeast Tallahassee.
Property Size4,464 SF
Price / SF$224.01
Days on Market1078
Property Features for 3641 Coolidge Ct
General Information
Standard status
Active
Size
4,464 SF
Property subtype
Office
Building Details
Year Built
2004
Listing Agency:
NAI TALCOR - Tallahassee
(850) 224-2300
Listed By:
E. Edward Murray · License #BK 400119
Source:
Crexi
Added: Aug 15, 2023
Changed: Jul 10
Last Checked: Jul 27 at 10:40AM
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
Investment Insights
Based on property information with market context.
A 4,464 SF former bank branch is available for sale in southeast Tallahassee, situated at the entrance to the SouthWood community. The site benefits from dual access via Coolidge Court and Esplanade, along with multiple signage opportunities and 19 surface parking spaces. The structure includes 4 drive-thru lanes, 1 ATM lane, and an on-site Caterpillar generator. The property is suitable for various uses, including a financial institution, healthcare facility, or other professional services.
Key Highlights
- Located at the entrance to the SouthWood community, offering high visibility and access to a desirable demographic.
- Includes 4 drive‑thru lanes and 1 ATM lane, suitable for various business operations.
- Features dual access via Coolidge Court and Esplanade, enhancing accessibility.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.7k | $21.00 |
| − Vacancy | −$20.6k | −$4.62 |
| EGI | $73.1k | $16.38 |
| − OpEx | −$18.3k | −$4.10 |
| NOI | $54.8k | $12.29 |
4,464 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$783.4K
$685.5K – $914.0K
NOI $54,840 @ 7.0% cap · market cap 5.48%
Second Best
Specialty Retail
$728.3K
$637.3K – $849.7K
NOI $50,983 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.09M
$957.6K – $1.28M
NOI $76,607 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 4,464 SF former bank branch in southeast Tallahassee.
Where is this office building located?
The property is located at 3641 Coolidge Ct Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Located at the entrance to the SouthWood community, offering high visibility and access to a desirable demographic.; Includes **4 drive‑thru lanes and 1 ATM lane**, suitable for various business operations.; Features dual access via Coolidge Court and Esplanade, enhancing accessibility.
