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    1016 Magnolia Dr Tallahassee, FL 32301

    For Lease
    $20 SF/Yr ($17,175 /Mo)

    Prime retail space, 973-2,546 sq ft.

    Lot size:
    10,305 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A retail property, located at 1016 S Magnolia Dr in Tallahassee, Florida (32301), offers 3,519 square feet of vacant space within a 10,305 square foot building situated on a 0.343-acre lot. The single-story building, constructed in 1964, features multiple tenancies and is zoned UP1. Units range from a minimum of 973 square feet to a maximum contiguous space of 2,546 square feet, providing flexibility for various retail concepts. The property boasts ample surface parking and enjoys a highly visible location near Apalachee Pkwy in Leon County (APN: 1131204540000). Its convenient location offers easy access to a vibrant area, including hotels, restaurants, and diverse shopping options within a one-mile radius. Furthermore, its proximity to Downtown Tallahassee (less than one mile) and Florida State University (under 10 minutes) ensures high foot traffic and a strong customer base. This presents a unique opportunity for businesses seeking a thriving retail environment in a dynamic and accessible location. The property's convenient central location within a shopping strip center makes it an ideal choice for businesses seeking high visibility and accessibility.

    Property Features for 1016 Magnolia Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,305 SF
    Class
    A
    Total Rate
    17175

    Building Details

    Year Built
    1964
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    1020 S Magnolia Dr. | Former C-Store
    Size
    2,546 SF
    Rate per SF
    $20
    Space
    1024 S Magnolia Dr. | Former Tax Prepare
    Size
    973 SF
    Rate per SF
    $20

    HighLights

    • 3,519 SF of vacant retail space available in a 10,305 SF building.
    • Ample surface parking.
    • Highly visible location near Apalachee Pkwy, close to Downtown Tallahassee and Florida State University.
    • Zoned UP1, with units ranging from 973 SF to 2,546 SF contiguous.
    • Located in a shopping strip center with high visibility and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stylish Shears Barber Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.26201385
    Latitude
    30.4344107

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    FAQs

    What type of property is this?
    Neighborhood center - Prime retail space, 973-2,546 sq ft.
    Where is this neighborhood center located?
    The property is located at 1016 Magnolia Dr Tallahassee, FL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 3,519 SF of vacant retail space available in a 10,305 SF building.; Ample surface parking.; Highly visible location near Apalachee Pkwy, close to Downtown Tallahassee and Florida State University.
    Request Owner's contact information
    1016 Magnolia Dr Tallahassee, FL 32301
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    Tallahassee, FL 32301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1016 Magnolia Dr Tallahassee, FL 32301
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