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Property profile & analytics
OFF-MARKET
Commercial real estate

Appalachee Pkwy Tallahassee, FL 32311

440,784 SF 10.12 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10.12-acre parcel located on Appalachee Parkway in Tallahassee, Florida, presents a unique investment opportunity. Currently zoned for commercial use with multi-family residential development above, this property offers significant flexibility for future development. Detailed conceptual plans are available, outlining two distinct possibilities. The first envisions a substantial 7,200 square-foot commercial building, complete with 21 parking spaces, perfectly suited for a variety of businesses. Alternatively, the property could be rezoned for residential use, divided into two separate lots. One lot encompasses over six acres, while the other comprises over four acres, providing ample space for substantial residential projects. The expansive size of the land, coupled with its prime location on Appalachee Parkway, ensures high visibility and accessibility. The existing commercial zoning provides immediate development potential, while the possibility of residential rezoning opens up a wider range of development options. This property is ideal for developers seeking a versatile site with significant upside potential in a thriving Tallahassee market. The total square footage of the land is 440,784 square feet. Detailed conceptual plans for both commercial and residential development are available upon request. This is a rare opportunity to acquire a large, strategically located parcel with significant development potential. Don't miss out on this chance to shape the future of this prime Tallahassee location.

Property profile
Verified
Property type Commercial real estate
Total area 440,784 SF
Lot 10.12 ac (440,827 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
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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