Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1983 Centre Pointe Blvd | Tallahassee, FL 32308 Tallahassee, FL 32308

    • Office buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1983 Centre Pointe Blvd | Tallahassee, FL 32308

    Year built
    2001
    Property type
    Office buildings
    Property subtype
    Office space

    Description

    Large reception area just off of the elevator, 24 perimeter offices, 16 built-in cubes, 3 conference rooms, two work rooms, library, and a large break room. This space has above average finishes for this submarket, and is well located just off of Capital Circle NE approximately two miles south of I-10. Location Description Full second floor of a two story building located in the Centre Pointe Office Park. This building is in close proximity to great shopping & dining options, approximately two miles south of the I-10/Thomasville Road interchange. Highlights Well located High end finishes Plenty of restaurant options in the area

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    State
    Florida
    Longitude
    -84.2647522
    Latitude
    30.4309686

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      519 Tennessee St

      Office space • 1,400 SF
      519 Tennessee St, Tallahassee, FL 32308
      View Details
    • Value Estimation
      $1,650,000
      9,691 SF

      2065 Thomasville Rd

      OFFICE BUILDING • 9,691 SF
      2065 Thomasville Rd, Tallahassee, FL 32308-9818
      View Details
    • Value Estimation
      $4,535,000
      22,094 SF

      3320 Thomasville Rd

      OFFICE BUILDING (MULTI-STORY) • 22,094 SF
      3320 Thomasville Rd, Tallahassee, FL 32308-7906
      View Details
    • Value Estimation
      $2,590,000
      21,243 SF

      1821 Miccosukee Cmns Dr

      OFFICE BUILDING (MULTI-STORY) • 21,243 SF
      1821 Miccosukee Cmns Dr, Tallahassee, FL 32308-5433
      View Details
    • Value Estimation
      $1,705,000
      15,980 SF

      2312 Centerville Rd

      OFFICE BUILDING (MULTI-STORY) • 15,980 SF
      2312 Centerville Rd, Tallahassee, FL 32308
      View Details
    • Value Estimation by Request
      2,856 SF

      1589 Metropolitan Blvd

      OFFICE BUILDING • 2,856 SF
      1589 Metropolitan Blvd, Tallahassee, FL 32308-3776
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      60,000 SF

      Class A Office Space

      Class A office space for lease in Tallahassee, Florida.
      1545 Raymond Diehl Rd, Tallahassee, FL 32308
      View Details
    • Contact for pricing
      25,744 SF

      Professional Office Suites For Sale

      Two well-located office suites in Centre Pointe near hospitals.
      1983 Centre Pointe Blvd, Tallahassee, FL 32308
      View Details
    • Contact for pricing
      54,500 SF

      Golden Commerce Center Opportunity

      Rare industrial/warehouse/distribution space in Tallahassee, Florida.
      2821 Industrial Plaza Dr, Tallahassee, FL 32308
      View Details
    • $99,000
      800 SF

      Office Space Near Capital Hospital

      Office space in high-traffic location near retail and I-10.
      2522 Capital Cir NE, Tallahassee, FL 32308
      View Details
    • $320,000
      0.03 Acres

      Professional Office Space Available Now

      Northeast Tallahassee office with impressive leasing history and versatile layout.
      1618 Mahan Center Blvd, Tallahassee, FL 32308
      View Details
    • New
      $254,000
      1,200 SF

      Charming Cottage in Convenient Location

      Versatile cottage suitable for office, live/work, or single-family residence.
      1320 Cherry Laurel St, Tallahassee, FL 32308
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      12,632 SF

      Professional Office Space in Tallahassee

      High-end office space in desirable NE Tallahassee, available March 2026.
      1684 Metropolitan Cir, Tallahassee, FL 32308
      View Details
    • $5,500 /Mo
      6,534 SF

      Tallahassee Office Space For Rent

      Professional office space in prime, central Tallahassee location.
      1682 Metropolitan Cir, Tallahassee, FL 32308
      View Details
    • Contact for pricing
      5,989 SF

      Tallahassee Office Space For Rent

      Office space for rent with commercial/medical zoning.
      1925 Capital Cir NE, Tallahassee, FL 32308
      View Details
    • $17 SF/Yr
      5,640 SF

      Northeast Tallahassee Office Space Available

      Highly desirable office space in Northeast Tallahassee, Florida for lease.
      1962 Village Green Way, Tallahassee, FL 32308
      View Details
    • $15 SF/Yr
      1,200 SF

      Functional Office Space For Rent

      Office space with private offices, open area, and natural light.
      501 East Tennessee St, Tallahassee, FL 32308
      View Details
    • $19 SF/Yr
      5,989 SF

      Professional Office Space Available

      Class A office building with multiple suites for lease.
      1500 Mahan Dr, Tallahassee, FL 32308
      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.
    1983 Centre Pointe Blvd | Tallahassee, FL 32308
    Tallahassee, FL 32308
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!