Restaurant For
3507 Thomasville Rd Tallahassee, FL 32309
3507 Thomasville Rd, Tallahassee, FL, 32309
Contact for pricing
For Sale
Contact for pricing
6,942 sq ft restaurant in northeast retail corridor.
Property Size6,942 SF
Price / SF$360.13
Days on Market1051
Property Features for 3507 Thomasville Rd
General Information
- Standard status
- Active
- Size
- 6,942 SF
- Property subtype
- Retail
Listing agency
TLG Real Estate Services
(850) 385-6363
Listed by
Bryan Cureton · License #FL 670038
Source
Crexi
Added: Sep 6, 2023 Updated: Jul 10 at 3:43PM Checked: Jul 22 at 11:45AM
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 TLG Real Estate Services
Investment Insights
Based on property information with market context.
A 6,942 sq. ft. restaurant is available for sale in a well-known northeast retail area. The property is located near the I-10 Interchange and Capital Circle NE. Access to the property is available via Thomasville Rd., with additional access to the rear of the property through the Publix Shopping Center. Traffic counts in the area are approximately 65,500 AADT (headed north from CCNE onto Thomasville Rd.) and 13,000 AADT (headed south on Thomasville Rd.).
Key Highlights
- High traffic count: 65,500 AADT headed north on Thomasville Rd.
- Large restaurant space: 6,942 sq. ft.
- Proximity to I‑10 Interchange and Capital Circle NE.
Local Financial Insights For Specialty Retail
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 | $112.5k | $16.20 |
| − Vacancy | −$6.7k | −$0.97 |
| EGI | $105.7k | $15.23 |
| − OpEx | −$26.4k | −$3.81 |
| NOI | $79.3k | $11.42 |
6,942 SF · lease $16.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.13M
$991.1K – $1.32M
NOI $79,285 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,131 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Panda Buffet
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Panda Buffet — 3507 Thomasville Rd, Tallahassee, FL 32309
FAQs
What type of property is this?
Conventional restaurant - 6,942 sq ft restaurant in northeast retail corridor.
Where is this conventional restaurant located?
The property is located at 3507 Thomasville Rd Tallahassee, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: High traffic count: 65,500 AADT headed north on Thomasville Rd.; Large restaurant space: **6,942 sq. ft.**; Proximity to I‑10 Interchange and Capital Circle NE.
