Flex Space with Concrete
New
For Sale
$305,000
956 YULEE Street, Tallahassee, FL 32304
Commercial Sale, Tallahassee, FL
Property Size3,552 SF
Lot Size0.38 Acres
Price / SF$85.87
Days on Market2
Property Features for 956 YULEE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Lot features
Irregular Lot
Directions
From I-10 take EXIT 196 (Capital Circle NW/SR 263) and head South on Capital Circle. Stay on Capital Circle past W Tennessee St (US 90) and W Pensacola St. Here it becomes Capital Circle SW. Turn left (East) onto Jackson Bluff Rd. Follow Jackson Bluff east to Yulee St.
Subdivision
992-Out Of Area-West
Standard status
Active
APN
4104202010000
Size
3,552 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2516
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
COLDWELL BANKER VANGUARD REALTY · Coldwell Banker Real Estate
(904) 269-7117
Listed By:
HUMBERTO SALAZAR · License #3204773
(904) 309-4700
Added: Nov 4
Last Checked: Nov 5 at 10:06PM
MLS# 2172362
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,552-square-foot flex property at 956 Yulee Street is expected to transfer vacant. Built in 1958, the building has concrete flooring, central heating and air conditioning, a metal roof, and a parking lot. Electrical service is 200 amps; the existing configuration is described as adaptable to an upgrade for three-phase 220/240V power.
The property sits 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 identified as accessible from the site. Public water and sewer serve the property.
The property sits 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 identified as accessible from the site. Public water and sewer serve the property.
Key Highlights
- 3,552‑square‑foot flex property
- Vacant delivery at closing
- 200‑amp electrical service, with potential for three‑phase 220/240V upgrade
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,766
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,320
$515.3K
Cap Rate 7%
$368,086
$368.1K
Cap Rate 9%
$286,289
$286.3K
Market Conditions
NOI Build-Up for 3,552 SF
Gross rent
$42.6K $12.00/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$39.6K $11.16/SF
− OpEx
−$13.9K −$3.91/SF
NOI
$25.8K $7.25/SF
Area
Tallahassee, FL
Vacancy
7.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,320
Cap Rate 7%
$368,086
Cap Rate 9%
$286,289
Alternative Uses
Best Use
Flex RnD
$368.1K
$322.1K – $429.4K
NOI $25,766 @ 7.0% cap · market cap 8.45%
Second Best
Industrial
$344.2K
$301.2K – $401.6K
NOI $24,093 @ 7.0% cap · market cap 7.90%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Vacant delivery and 200-amp service support a range of shop and distribution operations.
Where is this flex space 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: 3,552‑square‑foot flex property; Vacant delivery at closing; 200‑amp electrical service, with potential for three‑phase 220/240V upgrade
