Leased Retail Strip with
For Sale
Contact for pricing
950 W Tharpe St, Tallahassee, FL 32303
Retail property with signage and 280 feet of frontage on W Tharpe St, currently 100% leased.
Property Size5,010 SF
Price / SF$293.41
Days on Market73
Property Features for 950 W Tharpe St
General Information
Standard status
Active
Size
5,010 SF
Property subtype
RETAIL
Listing Agency:
Premier Commercial Group, LLC
(850) 545-2282
Listed By:
Tracy Waters · License #658092
(850) 545-2282
Source:
Moodyscre
Added: May 19
Changed: Jul 27
Last Checked: Jul 30 at 11:38AM
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 Premier Commercial Group, LLC
Investment Insights
Based on property information with market context.
This leased retail property offers 280 feet of frontage on W Tharpe St and includes signage. The asset is described as being near a lighted intersection and is currently 100% leased.
With substantial frontage and signage on a main roadway, the property is positioned for ongoing retail tenancy. Its location near a lighted intersection supports visibility in the immediate area.
The property is offered for sale on a for-sale basis and is fully occupied at the time of listing.
With substantial frontage and signage on a main roadway, the property is positioned for ongoing retail tenancy. Its location near a lighted intersection supports visibility in the immediate area.
The property is offered for sale on a for-sale basis and is fully occupied at the time of listing.
Key Highlights
- 280 ft frontage on W Tharpe St with signage
- Currently 100% leased
- Near a lighted intersection
Financial Insights For 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 | $75.2k | $15.00 |
| − Vacancy | −$5.6k | −$1.13 |
| EGI | $69.5k | $13.88 |
| − OpEx | −$20.9k | −$4.16 |
| NOI | $48.7k | $9.71 |
5,010 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$695.1K
$608.3K – $811.0K
NOI $48,660 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,976 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
6,844 visits/mo
0.1 miles
Demographics for 32303, FL
48,644
Population
24,864
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
95%
High-School Grad
34.8 sq mi
ZIP Area
1,398
Density / Sq Mi
$63,123
Median Household Income
$37,702
Median Earnings
$1,324
Median Rent
$204,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with signage and 280 feet of frontage on W Tharpe St, currently 100% leased.
Where is this retail space located?
The property is located at 950 W Tharpe St Tallahassee, FL.
What is the asking price?
The asking price for this property is $1,470,000.
What are key features of this property?
This property features: 280 ft frontage on W Tharpe St with signage; Currently 100% leased; Near a lighted intersection
