Industrial Building with 200-Amp
956 YULEE Street, Tallahassee, FL 32304
For Sale
New
$305,000
The building will transfer vacant, allowing an owner-user to take possession without existing tenants.
Property Size3,552 SF
Lot Size0.35 Acres
Price / SF$85.87
Days on Market4
Property Features for 956 YULEE Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Power
Property Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
(904) 269-7117
Listed By:
HUMBERTO SALAZAR · License #3204773
(904) 309-4700
Source:
Endlesssummerrealty
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 8:23AM
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 COLDWELL BANKER VANGUARD REALTY
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Investment Insights
Based on property information with market context.
Located at 956 Yulee Street in Tallahassee, this industrial property contains approximately 3,552 square feet on about 0.35 acres. Built in 1958, the building has 200-amp electrical service. The property is expected to be vacant at closing, with no tenants in place.
The site is in southwest Tallahassee’s West Pensacola Street and Jackson Bluff Road corridor. Capital Circle SW, downtown Tallahassee, Florida State University and Tallahassee International Airport are accessible from the area. The existing electrical setup may accommodate an upgrade to three-phase 220/240V power.
The site is in southwest Tallahassee’s West Pensacola Street and Jackson Bluff Road corridor. Capital Circle SW, downtown Tallahassee, Florida State University and Tallahassee International Airport are accessible from the area. The existing electrical setup may accommodate an upgrade to three-phase 220/240V power.
Key Highlights
- Approximately 3,552 square feet on about 0.35 acres
- Vacant at closing, with no tenants in place
- 200‑amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,093
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,860
$481.9K
Cap Rate 7%
$344,186
$344.2K
Cap Rate 9%
$267,700
$267.7K
Market Conditions
NOI Build-Up for 3,552 SF
Gross rent
$36.2K $10.20/SF
− Vacancy
−$1.8K −$0.51/SF
EGI
$34.4K $9.69/SF
− OpEx
−$10.3K −$2.91/SF
NOI
$24.1K $6.78/SF
Area
Tallahassee, FL
Vacancy
5.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,860
Cap Rate 7%
$344,186
Cap Rate 9%
$267,700
Alternative Uses
Best Use
Industrial
$344.2K
$301.2K – $401.6K
NOI $24,093 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$870.8K
$762.0K – $1.02M
NOI $60,956 @ 7.0% cap · market cap 19.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
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Business Placement
Demographics for 32304, FL
50,007
Population
23,296
Households
2.1
Avg Household Size
25
Median Age
36%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
3,290
Density / Sq Mi
$30,823
Median Household Income
$14,475
Median Earnings
$1,132
Median Rent
$147,000
Median Home Value
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Market
Properties on Market for Industrial properties in Tallahassee
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - The building will transfer vacant, allowing an owner-user to take possession without existing tenants.
Where is this industrial property located?
The property is located at 956 YULEE Street Tallahassee, FL.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Approximately 3,552 square feet on about 0.35 acres; Vacant at closing, with no tenants in place; 200‑amp electrical service
