Property profile

0 Orange Ave Tallahassee, FL 32310

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 5-acre parcel, located in Leon County, Florida, presents a unique investment opportunity. Situated on Orange Avenue near the intersection of Springhill Road, this property boasts a strategic location south of Florida State University and west of Florida A&M University. The property is zoned R-3, permitting a variety of development options including single-family detached, single-family attached, single-family zero lot line, and multifamily attached dwellings. Utilities are conveniently located on-site. This location benefits from the Blueprint 2000 initiative, which has allocated over sixty million dollars for road improvements in the area. The property's designation as a HUB Zone provides access to economic incentives. The current owners are willing to accommodate a reasonable timeframe for buyers to pursue rezoning if desired. The APN is 4111206980000. The asking price for this exceptional property is $400,000. This is a rare opportunity to acquire a significant land holding in a rapidly growing area of Tallahassee, Florida, with excellent access to major universities and planned infrastructure improvements.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

Orange Ave Tallahassee, FL 32310
Tallahassee metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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