Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Killearn Center Blvd Tallahassee, FL 32309

    • Land
    • 2.89 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Killearn Center Blvd

    Lot size
    2.89 lot acres
    Property type
    Land

    Description

    This exceptional 2.89-acre commercial land parcel presents a rare development opportunity in Northeast Tallahassee, Florida. Located at the highly visible corner of Killearn Center Boulevard and Delaney Drive, this AC (Activity Center) zoned property offers unparalleled access and visibility. Its strategic location places it in close proximity to major thoroughfares including Thomasville Road, Capital Circle Northeast, and the I-10 interchange, ensuring high traffic counts and excellent accessibility for potential businesses. The site is currently undeveloped, providing a blank canvas for a wide range of commercial projects. While offering significant potential, prospective buyers should note the presence of existing power line and drainage easements on the property. The property's APN is 110853 A0041. This is an ideal location for professional office space, given its high visibility and convenient access to major transportation routes. The asking price for this unique opportunity is $600,000. The property is situated in Leon County, Florida, with a Tallahassee zip code of 32309. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2454
    Latitude
    30.506

    Comparable in this City

    • Value Estimation by Request
      2.50 Acres

      Bradfordville Rd

      Land • 2.50 Acres
      0 Bradfordville Rd, Tallahassee, FL 32309
      View Details
    • Value Estimation by Request
      190,811 SF

      Thomasville Rd. & Vlg Sq Blvd

      Restaurants • 190,811 SF
      0 Thomasville Rd. & Vlg Sq Blvd, Centerville, FL 32309
      View Details
    • Value Estimation by Request
      0.09 Acres

      Market St

      VACANT COMMERCIAL LAND • 0.09 Acres
      Market St, Tallahassee, FL 32309
      View Details
    • Value Estimation by Request
      0.32 Acres

      Seaton Ct

      VACANT COMMERCIAL LAND • 0.32 Acres
      Seaton Ct, Tallahassee, FL 32309
      View Details
    • Value Estimation by Request
      1.38 Acres

      Vlg Sq Blvd

      VACANT COMMERCIAL LAND • 1.38 Acres
      Vlg Sq Blvd, Tallahassee, FL 32309
      View Details
    • Value Estimation by Request
      0.15 Acres

      Ayavalla Way

      VACANT COMMERCIAL LAND • 0.15 Acres
      Ayavalla Way, Tallahassee, FL 32309
      View Details

    Similar Nearby for Sale

    • New
      $2,080,000
      24.00 Acres

      Tallahassee Land Parcel For Sale

      24-acre parcel near Horseshoe Plantation, suitable for horses.
      Bradfordville Rd, Tallahassee, FL 32309
      View Details
    • Contact for pricing
      7.37 Acres

      Tallahassee Commercial Land - 7.37 Acres

      Prime Tallahassee commercial land, ideal for development.
      3805 Bradfordville Rd, Tallahassee, FL 32309
      View Details
    • $1,500,000
      2.50 Acres

      Prime Tallahassee Commercial Land

      2.5-Acre Site, Build-to-Suit Available
      0 Bradfordville Rd, Tallahassee, FL 32309
      View Details
    • Contact for pricing

      Land Available in Tallahassee, FL

      Land for sale at 3805 Bradfordville Road, Tallahassee, FL.
      3805 Bradfordville Rd, Tallahassee, FL 32309
      View Details
    • $684,900
      2.57 Acres

      Tallahassee Estate Lot Opportunity

      Rare 2.57-acre estate lot near Lake Hall.
      Phipps Point Rd, Tallahassee, FL 32309
      View Details
    • $342,180
      19.01 Acres

      Tallahassee Land for Agricultural Use

      19.01 acres of land suitable for farming and animals.
      Crump Rd, Tallahassee, FL 32309
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,653 SF

      Retail Space on Mahan Drive

      Retail space with high traffic and prime location.
      1350 Mahan Dr, Tallahassee, FL 32309
      View Details
    • $33 SF/Yr
      5,376 SF

      Executive Suites, Tallahassee, FL

      Prime Killearn Office Space: Multiple Suites Available
      2707 Killarney Way, Tallahassee, FL 32309
      View Details
    • $16 SF/Yr

      Office Space with Scenic Views

      Functional office space in a popular NE Tallahassee location.
      2282 Killearn Center Blvd, Tallahassee, FL 32309
      View Details
    • $21 SF/Yr

      Professional Office Suite For Rent

      Office suite in Northeast Tallahassee, close to amenities and I-10.
      2316 Killearn Center Blvd, Tallahassee, FL 32309
      View Details
    • $9,166 /Mo
      2,400 SF

      Retail Space with Drive-Thru

      Retail space available for lease with drive-thru.
      5099 Mint Hill Ct, Tallahassee, FL 32309
      View Details
    • $40 SF/Yr
      72,930 SF

      Tallahassee Retail Hub For Lease

      Vibrant retail hub with diverse shopping, dining, and personal services.
      3425 Thomasville Rd, Tallahassee, FL 32309
      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.
    Killearn Center Blvd
    Tallahassee, FL 32309
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!