Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6265 Old Water Oak Rd Tallahassee, FL 32312
    Back to Search
    Property profile & analytics

    6265 Old Water Oak Rd, Tallahassee, FL 32312

    View on Map
    • Retail properties & Spaces
    • 53,164 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Luks, Santaniello, Petrillo & Jones / Law Firm
    • Evolv Claim Solutions / Insurance Agency
    • Millenia Realty of Florida / Real Estate Agency
    • Smitty's Taphouse & Grill / Bar & Pub / Restaurant
    • Tallahassee Barber & Co. / Barber Shop

    Property Details for 6265 Old Water Oak Rd

    Year built
    2012
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional Class A commercial property, located at 6265 Old Water Oak Rd, Tallahassee, FL 32312, offers a prime opportunity for businesses seeking high-visibility space. Built in 2012, the 53,164 square foot building boasts a desirable location in the Northeast Tallahassee submarket, situated on Thomasville Road just north of Kerry Forest Parkway. The property features a mix of retail and office space, currently offering two available suites ranging from 1,317 to 1,589 square feet. The center is known for its blend of retail shopping and dining options, creating a vibrant and attractive environment for tenants. With ample parking (200 spaces), the property ensures convenient access for customers and employees. The building's current vacancy stands at 3,057 square feet, presenting a unique opportunity to establish or expand your business in a thriving commercial center. This is an ideal location for businesses seeking high visibility and access to a strong customer base in a well-established and popular commercial development. The property's multiple tenancy structure provides a diverse and dynamic atmosphere. Don't miss this chance to secure your space in this sought-after Tallahassee location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2239
    Latitude
    30.5519

    Comparable in this City

    • Value Estimation by Request

      2nd Generation Restaurant For Sale - Thomasville Road

      Retail property for lease
      6800 Thomasville Road suite 6 | Tallahassee, FL 32312, Tallahassee, FL 32312
      View Details
    • Value Estimation
      $590,000
      3,870 SF

      2270 Allen Rd

      RETAIL STORES (PERSONAL SERVICES)
      2270 Allen Rd, Tallahassee, FL 32312-2601
      View Details
    • Value Estimation by Request
      1,449 SF

      402 Bannerman Rd

      RETAIL STORES (PERSONAL SERVICES)
      402 Bannerman Rd, Tallahassee, FL 32312-9098
      View Details
    • Value Estimation
      $860,000
      7,488 SF

      5454 Thomasville Rd

      RETAIL STORES (PERSONAL SERVICES)
      5454 Thomasville Rd, Tallahassee, FL 32312-3812
      View Details
    • Value Estimation
      $560,000
      4,288 SF

      1333 Market St

      RETAIL STORES (PERSONAL SERVICES)
      1333 Market St, Tallahassee, FL 32312-1752
      View Details
    • Value Estimation
      $875,000
      5,925 SF

      3511 Maclay S Blvd

      RETAIL STORES (PERSONAL SERVICES)
      3511 Maclay S Blvd, Tallahassee, FL 32312-3913
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,080 SF

      Retail/Office Investment Opportunity

      4,080 SqFt property with 5.15% CAP rate for sale.
      8473 Bull Headley Rd, Tallahassee, FL 32312
      View Details
    • Contact for pricing
      3,750 SF

      Thomasville Road Retail Investment

      Retail property with a new 10-year lease and strong traffic.
      3434 Thomasville Rd, Tallahassee, FL 32312
      View Details
    • $225,000
      0.02 Acres

      Income-Producing Office Investment Opportunity

      Office investment with strong tenancy, immediate cash flow, and growth.
      1740 Thomasville Rd, Tallahassee, FL 32312
      View Details
    • $215,000

      Vacant Office Condo in Tallahassee

      Vacant commercial office condo with great visibility in Northeast Tallahassee.
      Xxxx Kerry Frst Pkwy, Tallahassee, FL 32312
      View Details
    • $1,473,150
      4,209 SF

      Turnkey Restaurant, Thomasville Road

      Established Restaurant, High-Traffic Location
      6800 Thomasville Rd, Tallahassee, FL 32312
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,583 SF

      Retail Building with Build-to-Suit Options

      Retail space available for lease with build-to-suit options.
      Tallahassee, FL 32312
      View Details
    • Contact for pricing
      906 SF

      Retail Space in Tallahassee MSA

      Retail space available in a high-traffic Tallahassee location.
      6753 Thomasville Rd, Tallahassee, FL 32312
      View Details
    • Contact for pricing
      6,883 SF

      REI-Anchored Shopping Center Space

      Retail space available in Tallahassee's Market Street District.
      1415 Market St, Tallahassee, FL 32312
      View Details
    • Contact for pricing
      5,750 SF

      Northeast Tallahassee Office Suites

      Office suites for lease in Northeast Tallahassee with ample parking.
      3606 Maclay Blvd S, Tallahassee, FL 32312
      View Details
    • Contact for pricing

      Updated Office Building For Lease

      Multi-tenant office building with utilities and amenities included.
      205-1530 Metropolitan Blvd, Tallahassee, FL 32312
      View Details
    • Contact for pricing

      Retail Development at Ox Bottom Rd

      Retail pads available for ground lease or build-to-suit.
      2728 Ox Bottom Rd, Tallahassee, FL 32312
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6265 Old Water Oak Rd
    Tallahassee, FL 32312
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6265 Old Water Oak Rd, Tallahassee, FL, 32312
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!