You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $3,375,000
Office buildings

118 Monroe St Tallahassee, FL 32301-1531

33,485 SF 0.22 ac lot Built 1960
Entity Owned 8-yr Hold Free & Clear
Property ID
US18-0354316
Property summary
AI-generated overview

This historic building, formerly the Florida Theatre, offers over 23,000 square feet of office and retail space for lease in the heart of downtown Tallahassee. Two street-level suites are perfect for small retail businesses, while the upper floors boast a stunning atrium filled with natural light. Available space ranges from individual offices to larger suites, totaling over 23,000 square feet across four floors. The building is conveniently located near the State Capitol, Florida State University, and major highways (US Hwy 27 and Hwy 90), with excellent visibility due to high vehicle traffic on Monroe Street (over 30,000 VPD). On-site parking is available with 15 surface spaces and 15 covered spaces. The property is zoned CC - CENTRAL CORE and features multiple tenancy options. Two spaces are currently available, ranging from 5,807 to 7,907 square feet. This is an exceptional opportunity to secure prime office space in a vibrant and highly accessible location. The building's unique history and modern amenities combine to create a truly distinctive workspace. The property's Leon County APN is 21-36-45-008-0000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 33,485 SF
Lot 0.22 ac (9,583 SF)
APN 21-36-45-008-000-0
UPID US18-0354316
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tallahassee Magazine Publishing House
  • Emerald Coast Magazine Publishing House
  • Terri Tylene Harris, Boulos Homes LLC Real Estate Agency
  • Webber & Terman Insurance Insurance Agency
  • Agente de Seguros Tallahassee-Cathe Suarez Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.01M
Blend (final) Blend
$3.38M
Owner & transaction history
Boulos LLC · 8 yrs held
Boulos LLC
since 2017
7 recorded transactions
2022
Price N/A
2019
Price N/A
2017
Price N/A
2017
$1.5M
2013
$1.2M
2011
$1.3M
2007
$2.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 118 Monroe St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
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