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    118 Monroe St Tallahassee, FL 32301

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    For Sale
    Contact for pricing

    Historic Downtown Tallahassee Office Building, For Sale or Lease

    Property size:
    27,722 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional Class A office building, the historic Boulos Building, presents a unique investment or leasing opportunity in the heart of downtown Tallahassee, Florida. Located at 118 N Monroe St, this four-story building boasts a total of 27,722 square feet of versatile space, ideal for a variety of uses. The building's flexible floor plans allow for configurations ranging from individual offices to larger suites, with over 23,000 square feet currently available. Two street-level suites are perfectly positioned for retail tenants, benefiting from high visibility on a corridor with over 30,000 vehicles per day. The upper floors feature a striking atrium, maximizing natural light. The property sits on a 0.22-acre lot and is zoned CC. On-site parking is a significant advantage, with 15 surface spaces and 15 covered spaces available. Its prime location offers unparalleled access to the State Capitol, Florida State University, US Hwy 27, and Hwy 90. This landmark building represents a rare chance to acquire or lease a prestigious property in a thriving downtown area. The APN is 21-36-45-008-0000. The building's history as the former Florida Theatre adds to its unique character and appeal. This is a truly exceptional opportunity for businesses seeking a prominent and well-located office space in Tallahassee.

    Property Features for 118 Monroe St

    General Information

    Property type
    Office space
    Square Feet
    27,722 SF
    Class
    A
    Lot Size
    9,583 SF

    Building Details

    Buildings
    1
    Stories
    4

    HighLights

    • Class A, 27,722 SF office building in downtown Tallahassee, FL.
    • One four‑story building on a 0.22‑acre lot.
    • Flexible suite sizes available, from individual offices to over 23,000 SF.
    • 30+ parking spaces (15 surface, 15 covered).
    • Prime location on N. Monroe St., near the Capitol, FSU, and major highways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tallahassee Magazine Publisher Emerald Coast Magazine Publisher Terri Tylene Harris, ... Real Estate Agent Webber & Terman Insurance Health Insurance Agency Agente de Seguros ... Health Insurance Agency

    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
    -84.280743298112
    Latitude
    30.442964036517

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    FAQs

    What type of property is this?
    Office space - Historic Downtown Tallahassee Office Building, For Sale or Lease
    Where is this office space located?
    The property is located at 118 Monroe St Tallahassee, FL.
    What are key features of this property?
    This property features: Class A, 27,722 SF office building in downtown Tallahassee, FL.; One four-story building on a 0.22-acre lot.; Flexible suite sizes available, from individual offices to over 23,000 SF.
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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
    118 Monroe St Tallahassee, FL 32301
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