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    5052 Tennessee Capital Blvd Tallahassee, FL 32303

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    5052 Tennessee Capital Blvd Tallahassee, FL 32303

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    • Lifestyle centers
    • 0.53 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 5052 Tennessee Capital Blvd

    Lot size
    0.53 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents six commercial lots for sale in Northwest Tallahassee, Florida, situated on Tennessee Capital Blvd. The lots range in size from approximately 0.53 acres to 0.69 acres, and are zoned Activity Center, offering significant development potential. All lots are conveniently located near established retail centers, providing excellent visibility and accessibility. The property's strategic location offers easy access to Capital Circle NW and W. Tennessee Street, ensuring high traffic volume and exposure to a substantial customer base. The lots are available for purchase individually or as a portfolio. An additional six comparable lots are available across the street. Note that a separate, larger parcel of 3.58 acres is also available, and conceptual plans show the potential for 44 residential units on this larger parcel. This presents a unique opportunity to acquire a significant land holding in a thriving commercial area of Tallahassee, with potential for various retail developments or mixed-use projects. The property's location and zoning make it an attractive investment for developers seeking to capitalize on the growing demand for retail space in this dynamic area of the city. The asking price is $500,000. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.3614
    Latitude
    30.4615

    Comparable in this City

    • Value Estimation by Request
      0.47 Acres

      5047 Tennessee Capital Blvd

      Neighborhood centers • 0.47 Acres
      5047 Tennessee Capital Blvd, Tallahassee, FL 32303
      View Details
    • Value Estimation by Request
      976 SF

      1560 Capital Cir Nw Ste, Unit 17

      MINI-MALL • 976 SF
      1560 Capital Cir Nw Ste, Tallahassee, FL 32303-3181
      View Details
    • Value Estimation by Request
      976 SF

      1560 Capital Cir Nw Ste, Unit 11

      MINI-MALL • 976 SF
      1560 Capital Cir Nw Ste, Tallahassee, FL 32303-3181
      View Details
    • Value Estimation
      $7,880,000
      36,471 SF

      1817 Thomasville Rd

      MINI-MALL • 36,471 SF
      1817 Thomasville Rd, Tallahassee, FL 32303-5769
      View Details
    • Value Estimation
      $690,000
      3,066 SF

      1494 Capital NW Cir

      MINI-MALL • 3,066 SF
      1494 Capital NW Cir, Tallahassee, FL 32303-1169
      View Details
    • Value Estimation
      $1,290,000
      12,100 SF

      2418 Monroe St Ste, Unit 110

      MINI-MALL • 12,100 SF
      2418 Monroe St Ste, Tallahassee, FL 32303-4119
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Capital Circle NW Commercial Parcels

      Four contiguous parcels on Capital Circle NW, Tallahassee, Florida.
      Capital Cir NW, Tallahassee, FL 32303
      View Details
    • Contact for pricing
      70,000 SF

      Turnkey Restaurant at Highway Intersection

      Restaurant with high-grade kitchen, ample parking, and high traffic volume.
      3840 N Monroe St, Tallahassee, FL 32303
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    • Contact for pricing
      17,544 SF

      NNN Retail Investment Opportunity

      Freestanding building with corporate tenants, ideal for retail investment.
      3802 N Monroe St, Tallahassee, FL 32303
      View Details
    • $880,000
      1.56 Acres

      Waterfront Restaurant Opportunity on Lake Jackson

      Turn-key restaurant with lake views, ample parking, and outdoor stage.
      4806 Jackson Cove Rd, Tallahassee, FL 32303
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    • $1,100,000

      Prime Tallahassee Retail Investment Opportunity

      4,846 SF former restaurant building near Florida State University.
      220 W Tennessee St, Tallahassee, FL 32303
      View Details
    • $650,000

      Turnkey Restaurant in Tallahassee

      Restaurant with dedicated clientele, fully built kitchen, ample parking.
      3840 N Monroe St, Tallahassee, FL 32303
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      5,330 SF

      Tharpe Street Retail Opportunity

      Prime Tallahassee Retail Space Available
      950 Tharpe St, Tallahassee, FL 32303
      View Details
    • Contact for pricing

      Restaurant Space with Outdoor Patio

      Restaurant space for lease with excellent visibility and ample parking.
      1303 S Monroe St, Tallahassee, FL 32303
      View Details
    • Contact for pricing

      Thomasville Road Retail & Restaurant

      Retail and restaurant spaces available on Thomasville Road.
      1800 Thomasville Rd, Tallahassee, FL 32303
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Tallahassee Center

      Publix-anchored retail space available in Tallahassee, Florida.
      5678 Capital Cir NW, Tallahassee, FL 32303
      View Details
    • $12 SF/Yr

      Retail Space in Tallahassee Mall

      Retail space available in the Centre of Tallahassee.
      2415 N Monroe St, Tallahassee, FL 32303
      View Details
    • Contact for pricing

      Tallahassee Retail Strip Center For Sale

      7,933 SF retail strip center, 100% leased in Tallahassee.
      1212-1216 N Monroe St, Tallahassee, FL 32303
      View Details
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    Tallahassee, FL 32303
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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