Technical
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Property profile

2824 Old St Augustine Rd Tallahassee, FL 32301

OFF-MARKET
Land
3.56 ac lot
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Property summary

AI-generated overview

This exceptional 3.56-acre commercial land parcel presents a unique investment opportunity in Tallahassee, Florida. Located at 2824 Old St Augustine Rd, zip code 32301, this property boasts a highly desirable Activity Center (AC) zoning designation, allowing for a diverse range of commercial, office, residential, and light industrial uses. A comprehensive due diligence process has already been completed, including a clean Phase 1 Environmental Report, a thorough Geotechnical Survey, a Cultural Resource Assessment, and a Forest Delineation Report. Importantly, the property is free of wetlands, simplifying development plans. The site benefits from exceptional visibility and accessibility due to its location on Old St Augustine Road, experiencing an Average Annual Daily Traffic (AADT) of 41,500 vehicles. Strategic access is further enhanced by a 24-foot commercial driveway on Capital Circle SE and the potential for future access via an adjoining parcel to the west, providing four-directional access to both Old St Augustine Road and Capital Circle SE. This prime location and the completed due diligence make this a truly remarkable opportunity for developers and investors seeking a well-positioned and prepared site in a thriving market. The asking price is $2,670,000.

Property profile

Verified
Property type Land
Lot 3.56 ac (155,074 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2824 Old St Augustine Rd Tallahassee, FL 32301
Tallahassee metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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