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Property profile & analytics
OFF-MARKET
Land

0 Welaunee Blvd Tallahassee, FL 32308

1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 19-acre parcel presents a unique investment opportunity within Tallahassee's burgeoning Canopy community. Priced at $9,000,000, this high and dry town center site offers significant flexibility for developers and end-users alike. The property is already entitled for 170,000 square feet of commercial development, and includes a comprehensive infrastructure package. Utilities, storm drainage, and a rough grade are already in place, eliminating significant upfront costs. School and traffic concurrency mitigation is also complete. The site's central location within Canopy, a rapidly expanding master-planned community, ensures high visibility and accessibility. Potential development scenarios range from single-pad retail to large-scale mixed-use projects, including residential components. Pre-planned pad sizes are available, including options for big box retail, smaller retail spaces, office buildings, and multi-story mixed-use structures. The surrounding Canopy community boasts nearly 1700 residential units (a mix of apartments and houses), a significant entertainment facility under construction, and numerous established commercial entities, including a medical campus, assisted living facility, and orthopedic clinic. A future I-10 interchange planned nearby further enhances the property's long-term value. The sellers, experienced developers of the entire 500-acre Canopy development, are open to build-to-suit options, pad sales, ground leases, or a sale of the entire parcel. This is a rare opportunity to acquire a strategically located, fully prepared site in one of Tallahassee's fastest-growing areas. The potential for significant return on investment is substantial, given the current development momentum and future growth projections. The property is zoned PUD (Planned Unit Development).

Property profile
Verified
Property type Land
Lot 1 ac (43,560 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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