Property profile

950 Tharpe St Tallahassee, FL 32303

OFF-MARKET
Retail properties & Spaces
5,330 SF Built 2018
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Property summary

AI-generated overview

This exceptional retail property, located at 950 W Tharpe St, Tallahassee, FL 32303, offers 5,330 square feet of space across four suites in a single, one-story building constructed in 2018. Currently, 1,288 square feet are available for lease. The building boasts 280 feet of frontage on W Tharpe St, providing excellent visibility and accessibility. Situated on a 0.9-acre lot, this property benefits from its location near multiple schools and a newly constructed (2022) drive-thru establishment, indicating strong area growth and high traffic potential. The property's history of 100% occupancy underscores its desirability and strong tenant demand. The available space presents a unique opportunity for businesses seeking a high-traffic location in a thriving Tallahassee commercial corridor. Additional drive-thru space is also available, presenting further expansion possibilities. This is an ideal location for a variety of retail or restaurant concepts. The property's prime location and recent construction ensure a modern and attractive space for prospective tenants. The building's single-story design offers convenient access and ample parking.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2018
Total area 5,330 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hair Salon
  • Restaurant
  • Restaurant
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Accounting Firm Tax Preparation

Location

950 Tharpe St Tallahassee, FL 32303
Tallahassee metro
Google Maps

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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