2314 Capital Cir Tallahassee, FL 32308
This exceptional 121,000 square foot self-storage development opportunity in Tallahassee, Florida, is offered at $3,475,000 ($28.72/SF). Located at 2314 Capital Cir NE, this permit-approved, pad-ready site boasts a four-story design and is situated in a high-traffic commercial corridor with over 60,000 vehicles passing daily. All concurrency, traffic, and impact fees are paid, eliminating significant upfront costs. The property includes existing site work, utilities, landscaped parking, and curbs. It's fully entitled, incorporating offset green space and meeting all stormwater requirements. The site benefits from its prime location near a Publix, Walmart, Circle K, Chick-fil-A, Chipotle, Trader Joe's, and other established businesses. Furthermore, its proximity to an I-10 interchange and the Canopy community enhances its accessibility and desirability. The location is within a rapidly growing area, with over 15,000 residential units entitled within a two-mile radius. Additional committed tenants to the plaza include Dunkin' Donuts, Smoothie King, HTeaO, and Avis. The site is zoned CP and is currently for sale by owner. The property is slab-ready and could potentially be divided into two smaller pads. A bonded general contractor contract is available for review.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.