Industrial Warehouse Spaces For
For Sale
Contact for pricing
566-572-3 Appleyard Dr., Tallahassee, FL 32304
Industrial warehouse spaces available near FSU & TCC.
Property Size69,176 SF
Price / SF$0.00
Days on Market329
Property Features for 566-572-3 Appleyard Dr.
General Information
Standard status
Active
Size
69,176 SF
Property subtype
Industrial
Lease Term
NNN
Building Details
Building Size
69,176 SF
Properties For Sale
at 566-572-3 Appleyard Dr. Contact us568 L-N
Size
5,000 SF
Type
Warehouse/Distribution
Term
36 months
572-1-105
Size
5,000 SF
Type
Flex Space
Term
36 months
Listing Agency:
NAI TALCOR | Tallahassee
Listed By:
Alan Richardson · License #SL3056256
(850) 545-2273
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 15
Last Checked: Oct 16 at 7:09AM
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 NAI TALCOR | Tallahassee
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Investment Insights
Based on property information with market context.
Industrial warehouse spaces ranging from 5000 to 12,100 square feet are available for purchase. The business park offers grade-level and dock-high loading spaces with varying sizes and configurations. The location is near Florida State University (FSU) and Tallahassee Community College (TCC), and approximately 4.1 miles from I-10 exit. The property features storefront showroom and warehouse space with one grade-level roll-up door. Management is accessible 24 hours a day. Current tenants include Sherwin Williams and Fastenal.
Key Highlights
- Conveniently located 4.1 miles from I‑10 exit for easy access.
- Offers industrial warehouse spaces from 5000‑12,100sf.
- Features grade level and dock high loading spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$469,221
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,384,420
$9.4M
Cap Rate 7%
$6,703,157
$6.7M
Cap Rate 9%
$5,213,567
$5.2M
Market Conditions
NOI Build-Up for 69,176 SF
Gross rent
$705.6K $10.20/SF
− Vacancy
−$35.3K −$0.51/SF
EGI
$670.3K $9.69/SF
− OpEx
−$201.1K −$2.91/SF
NOI
$469.2K $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%
$9,384,420
Cap Rate 7%
$6,703,157
Cap Rate 9%
$5,213,567
Alternative Uses
Best Use
Retail
$9.60M
$8.40M – $11.20M
NOI $671,872 @ 7.0% cap · market cap 6,718,720.00%
Second Best
Warehouse
$7.70M
$6.74M – $8.98M
NOI $539,075 @ 7.0% cap · market cap 5,390,750.00%
Theoretical Best
Office A
$16.96M
$14.84M – $19.79M
NOI $1,187,127 @ 7.0% cap · market cap 11,871,270.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Well-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
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse spaces available near FSU & TCC.
Where is this warehouse located?
The property is located at 566-572-3 Appleyard Dr. Tallahassee, FL.
What are key features of this property?
This property features: Conveniently located 4.1 miles from I‑10 exit for easy access.; Offers industrial warehouse spaces from 5000‑12,100sf.; Features grade level and dock high loading spaces.
