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    119 Monroe St Tallahassee, FL 32301

    Sponsored
    For Sale
    $10,950,000

    Prime location, high cap rate, flexible space

    Property size:
    13,075 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional downtown Tallahassee office building presents a unique owner-user investment opportunity. The Alliance Center, encompassing the 3rd, 4th, and 5th floors, offers a total of 13,075 to 26,150 square feet of versatile space, ideal for a variety of office configurations. Built in 2009, this five-story mixed-use structure boasts a striking first-floor corporate lobby and reception area, setting a sophisticated tone for the entire building. High-quality finishes are consistent throughout the office space, enhancing its professional appeal. The building's prime location in the Central Core (CC) zoning district of Leon County ensures high visibility and accessibility. Ample parking is provided in an on-site garage, catering to both employees and clients. The property sits on a 0.43-acre lot and benefits from a high traffic count exceeding 27,500 ADT. Multiple meeting and conference rooms are included, facilitating efficient collaboration and client interactions. The asking price is $10,950,000, representing a compelling 7.50% cap rate. The APN is 213681 0001. This is an exceptional opportunity to acquire a well-maintained, high-value office space in a thriving downtown location.

    Property Features for 119 Monroe St

    General Information

    Property type
    Office space
    Square Feet
    13,075 SF
    Lot Size
    18,731 SF

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    5

    HighLights

    • $10,950,000 asking price for a creative, executive, and traditional office building.
    • 13,075 - 26,150 square feet available, encompassing the 3rd, 4th, and 5th floors.
    • 7.50% cap rate.
    • Located in Tallahassee, FL, at 119 S Monroe St, in a prime downtown location with high traffic (27,500+ ADT).
    • 2009 construction, five‑story mixed‑use building with retail, office, and condo space; includes a parking garage and high‑quality finishes.
    • 0.43‑acre lot size, APN 213681 0001, zoned CC - Central Core.
    Property Profile Location Intelligence

    Current Use by Public Records

    Metz Husband & Daughton, ... Attorney Egg Donation Florida Fertility Clinic Southern Shakespeare Company Theater Company Prescott R David Attorney Menton J Stephen Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.280676785232
    Latitude
    30.441201542346

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    FAQs

    What type of property is this?
    Office space - Prime location, high cap rate, flexible space
    Where is this office space located?
    The property is located at 119 Monroe St Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $10,950,000.
    What are key features of this property?
    This property features: $10,950,000 asking price for a creative, executive, and traditional office building.; 13,075 - 26,150 square feet available, encompassing the 3rd, 4th, and 5th floors.; 7.50% cap rate.
    Request Owner's contact information
    119 Monroe St Tallahassee, FL 32301
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    Tallahassee, FL 32301
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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
    119 Monroe St Tallahassee, FL 32301
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