Technical
Financial
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Property profile

3944 Passage Tallahassee, FL 32303

OFF-MARKET
Warehouses
20,000 SF Built 2006
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Property summary

AI-generated overview

This exceptional 20,000-square-foot warehouse building, constructed in 2006, offers a single-tenant occupancy opportunity of 5,000 contiguous square feet. The space boasts a functional layout including a private office, reception/break area, and two restrooms. The warehouse features a free-span design, a grade-level roll-up door for easy loading and unloading, and a separate exterior entrance to the office area. The property is in excellent condition and benefits from a highly desirable location, just minutes from the I-10 and Capital Circle NW interchange. Its strategic placement across the street from a Home Depot and the new Amazon distribution center provides exceptional visibility and convenient access to major transportation routes. The building comprises a single story with one loading dock and one drive-in door. There are no elevators. A total of four suites are available within the building, with 5,000 square feet currently vacant and ready for immediate occupancy. The minimum divisible space is 5,000 square feet. The property is available for lease beginning October 1, 2024. This is an ideal location for businesses seeking efficient warehouse space with excellent accessibility and high visibility in a thriving commercial area of Tallahassee, Florida.

Property profile

Verified
Property type Warehouses
Year built 2006
Total area 20,000 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Car Dealership
  • Production Facility Industrial Manufacturer
  • Production Facility Industrial Manufacturer

Location

3944 Passage Tallahassee, FL 32303
Tallahassee metro
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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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