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    OFF-MARKET
    Land

    4067 Lagniappe Way, Tallahassee, FL 32317

    1.6 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional opportunity to acquire 1.6 to 5 acres of commercial land in Tallahassee, Florida's thriving Fallschase Village Center. This premier location boasts a strategic position within a rapidly expanding retail hub, anchored by established national brands including Walmart, Costco, Bass Pro Shops, Applebee's, and McDonald's. Fallschase Village Center is projected to become Tallahassee's largest open-air shopping center, encompassing 750,000 square feet of retail and restaurant space. The property benefits from its location in a high-income area, with average household incomes exceeding $99,000 annually within a five-mile radius. This presents a unique investment chance in a market previously underserved due to significant development challenges. The presence of major anchors like Walmart and Costco creates a strong regional draw, establishing Fallschase as a key commercial destination in eastern Tallahassee. The property is situated at 4067 Lagniappe Way, Tallahassee, FL 32317, in Leon County. This land offers significant potential for various commercial ventures, capitalizing on the established success and high traffic volume of the surrounding retail environment. The site's size allows for flexibility in development plans, catering to a range of commercial uses.

    Property profile
    Verified
    Property type Land
    Lot 1.6 ac (69,696 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
    Current use
    Occupant on record · Public records
    • Costco Food Court Restaurant
    • Costco Wholesale Big Box & Wholesale Store Discount Store
    • Costco Bakery Bakery Specialty Food Shop
    • Costco Pharmacy Pharmacy
    • Family EyeCare Tallahassee Costco Physician
    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
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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