Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Orange Ave Tallahassee, FL 32310
    Back to Search
    Property profile & analytics

    Orange Ave, Tallahassee, FL 32310

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Orange Ave

    Property type
    Land

    Description

    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.

    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
    -84.2825
    Latitude
    30.4125

    Comparable in this City

    • Value Estimation by Request

      Orange Ave & Springhill Rd

      Land
      0 Orange Ave & Springhill Rd, Tallahassee, FL 32310
      View Details
    • Value Estimation by Request
      2.48 Acres

      Blountstown Hwy

      Land
      0 Blountstown Hwy, Tallahassee, FL 32310
      View Details
    • Value Estimation by Request
      0.89 Acres

      4328 Airport Commerce Blvd

      Land
      4328 Airport Commerce Blvd, Tallahassee, FL 32310
      View Details
    • Value Estimation by Request
      5,150 SF

      510 Kissimmee St

      Multifamily properties
      510 Kissimmee St, Tallahassee, FL 32310
      View Details
    • Value Estimation
      $510,000
      5,800 SF

      643 Kissimmee St, Unit 1

      COMMERCIAL (GENERAL)
      643 Kissimmee St, Tallahassee, FL 32310-5480
      View Details
    • Value Estimation
      $1,065,000
      5,800 SF

      1911 Pasco St, Unit 1

      COMMERCIAL (GENERAL)
      1911 Pasco St, Tallahassee, FL 32310-5486
      View Details

    Similar Nearby for Sale

    • $89,000

      Wooded Land Near National Forest

      7-acre wooded land with well and septic near national forest.
      18724 Bloxham Cutoff, Tallahassee, FL 32310
      View Details
    • Contact for pricing

      Vacant Land in Luther Hall

      Vacant land available in a picturesque Florida landscape.
      1 Luther Hall Rd, Tallahassee, FL 32310
      View Details
    • $455,000
      45.00 Acres

      Land Near Lake Talquin

      45-acre land parcel near Lake Talquin and Tallahassee.
      Hwy 20 E, Tallahassee, FL 32310
      View Details
    • Contact for pricing

      Land Opportunity Near Lake Talquin

      Three parcels totaling 3+ acres with water and septic.
      2616 Charles Mcintosh Rd, Tallahassee, FL 32310
      View Details
    • New
      $89,000
      7.03 Acres

      7 Ac Wooded Lot

      7-acre wooded lot with well and septic system.
      18724 Bloxham Cutoff, Tallahassee, FL 32310
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,000 SF

      Warehouse Spaces Available For Rent

      Warehouse spaces available for rent with dock high access.
      2130 Lake Bradford Rd, Tallahassee, FL 32310
      View Details
    • Contact for pricing
      1,245 SF

      Retail Space in Railroad Square

      Retail space in the Railroad Square Arts District for rent.
      1007-1015 Commercial Dr, Tallahassee, FL 32310
      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.
    Orange Ave
    Tallahassee, FL 32310
    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
    Orange Ave, Tallahassee, FL, 32310
    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!