7708 W Tennessee St Tallahassee, FL 32304
1.23 acre commercial lot with high traffic visibility.
Property Features for 7708 W Tennessee St
General Information
- Standard status
- Active
- Size
- 2,522 SF
- Lot size
- 1.23 Acres
- Property subtype
- Land
Listing office TLG Real Estate Services (850) 385-6363
Listing date Jul 15, 2022
Source Crexi
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.
Key Highlights
- Commercial Parkway zoning allows for warehouse, retail, or office development.
- Excellent visibility on HWY 90.
- High traffic count of 19,000 ADT.
Local 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 | $53.0k | $21.00 |
| − Vacancy | −$11.7k | −$4.62 |
| EGI | $41.3k | $16.38 |
| − OpEx | −$10.3k | −$4.10 |
| NOI | $31.0k | $12.29 |
