0 Mahan Dr, Tallahassee, FL 32317
This exceptional 19.4-acre land parcel presents a prime opportunity for multifamily development in Tallahassee, Florida. Located in the burgeoning Heel development, this site is strategically positioned for immediate success. The property boasts entitlements for up to 300 multifamily units, eliminating significant pre-development hurdles. Furthermore, off-site stormwater management is already allocated, and essential road infrastructure and utilities are stubbed to the property line, streamlining the construction process and minimizing upfront costs. This advantageous location places the development adjacent to a hotel, a planned grocery-anchored retail center, various retail pads, and directly at the entrance to a thriving 1,500-home master-planned community. The surrounding area also includes an additional 600 entitled multifamily units, 25+ acres of commercially zoned land, and a 100+ acre business park, ensuring a robust and growing community to support the development. This is a rare opportunity to acquire a fully entitled site with significant infrastructure already in place, poised for immediate development in a high-demand location. The property's address is Mahan Dr, Tallahassee, FL 32317, within Leon County. This site offers exceptional potential for a high-return multifamily investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.