Property profile

7708 Tennessee St Tallahassee, FL 32304

OFF-MARKET
Office Spaces
1.23 ac lot
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Property summary

AI-generated overview

This exceptional 1.23-acre lot, located at 7708 W Tennessee St, Tallahassee, FL 32304 (APN 22-25-20-062-0000), presents a unique investment opportunity. Currently zoned CP (Commercial Parkway), this property boasts significant potential for a variety of commercial or industrial uses, including warehouse, retail, or office space. The site enjoys excellent visibility and high traffic counts, with an average daily traffic (ADT) of 19,000 vehicles. Its strategic location on Highway 90 offers easy access, situated west of Downtown Tallahassee and less than a mile from Lake Talquin. The property includes an existing 2,522 square foot single-family residence with three bedrooms and two bathrooms. This existing structure could be repurposed, renovated, or removed to accommodate a new development, depending on the buyer's plans. The asking price for this versatile property is $450,000. This is a rare opportunity to acquire a sizable parcel of land in a desirable location with high traffic volume and diverse development possibilities. Serious inquiries are encouraged.

Property profile

Verified
Property type Office Spaces
Lot 1.23 ac (53,579 SF)

Cap rate & NOI

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

Location

7708 Tennessee St Tallahassee, FL 32304
Tallahassee metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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