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Property profile & analytics
OFF-MARKET
Warehouses

3944 Passage Tallahassee, FL 32303

20,000 SF Built 2006
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lauren Meier, Certified Personal Trainer Gym & Fitness Center
  • Summer Auto Sales Car Dealership
  • Advanced Refrigeration & Air, Inc. - Tallahassee Production Facility Industrial Manufacturer
  • Advanced Refrigeration & AC Production Facility Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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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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