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    118 Monroe St Tallahassee, FL 32301

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Office Suites, Flexible Sizes

    Lot size:
    23,043 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This historic building, formerly the Florida Theatre, offers over 23,000 square feet of office and retail space for lease in the heart of downtown Tallahassee. Two street-level suites are perfect for small retail businesses, while the upper floors boast a stunning atrium filled with natural light. Available space ranges from individual offices to larger suites, totaling over 23,000 square feet across four floors. The building is conveniently located near the State Capitol, Florida State University, and major highways (US Hwy 27 and Hwy 90), with excellent visibility due to high vehicle traffic on Monroe Street (over 30,000 VPD). On-site parking is available with 15 surface spaces and 15 covered spaces. The property is zoned CC - CENTRAL CORE and features multiple tenancy options. Two spaces are currently available, ranging from 5,807 to 7,907 square feet. This is an exceptional opportunity to secure prime office space in a vibrant and highly accessible location. The building's unique history and modern amenities combine to create a truly distinctive workspace. The property's Leon County APN is 21-36-45-008-0000.

    Property Features for 118 Monroe St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,043 SF
    Total Rate
    28803.75

    Unit(s) available at that property

    Space
    3rd Floor
    Size
    7,907 SF
    Rate per SF
    $15
    Space
    4th Floor
    Size
    5,807 SF
    Rate per SF
    $15

    HighLights

    • Historic former Florida Theatre building with over 23,000 square feet of office and retail space available for lease in downtown Tallahassee.
    • Two street‑level retail suites available, plus upper floor office space ranging from individual offices to large suites.
    • Prime location near the State Capitol, Florida State University, and major highways (US Hwy 27 & Hwy 90), with high visibility on Monroe Street (30,000+ VPD).
    • 30 total parking spaces (15 surface, 15 covered) on‑site.
    • Zoned CC - CENTRAL CORE, with multiple tenancy options and two currently available spaces ranging from 5,807 to 7,907 square feet.
    • Leon County APN: 21‑36‑45‑008‑0000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tallahassee Magazine Publisher Emerald Coast Magazine Publisher Terri Tylene Harris, ... Real Estate Agent Webber & Terman Insurance Health Insurance Agency Agente de Seguros ... Health Insurance Agency

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.280743217782
    Latitude
    30.442872922427

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    FAQs

    What type of property is this?
    Office space - Prime Office Suites, Flexible Sizes
    Where is this office space located?
    The property is located at 118 Monroe St Tallahassee, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Historic former Florida Theatre building with over 23,000 square feet of office and retail space available for lease in downtown Tallahassee.; Two street-level retail suites available, plus upper floor office space ranging from individual offices to large suites.; Prime location near the State Capitol, Florida State University, and major highways (US Hwy 27 & Hwy 90), with high visibility on Monroe Street (30,000+ VPD).
    Request Owner's contact information
    118 Monroe St 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

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    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
    118 Monroe St Tallahassee, FL 32301
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