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    1160 Apalachee Pkwy. Tallahassee, FL 32301 Tallahassee, FL 32301

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    1160 Apalachee Pkwy. Tallahassee, FL 32301 Tallahassee, FL 32301

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    • Medical Office Space
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 1160 Apalachee Pkwy. Tallahassee, FL 32301

    Property type
    Medical Office Space
    Property subtype
    Medical centers

    Description

    3,500 SF of medical office space for lease on Apalachee Parkway. Location Description Located in the Parkway Village and Center Shopping Plaza on Apalachee Parkway near Magnolia Drive. Highlights Former Patient's First 9 Exam Rooms Nurses Station Lab Area 3 Doctor Offices AADT Apalachee Pkwy: 31,235 Great location near retail and downtown!

    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
    -84.2648
    Latitude
    30.431

    Comparable in this City

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      28,516 SF

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    • Value Estimation
      $1,095,000
      7,294 SF

      904 Lafayette St

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    • Value Estimation by Request
      2,502 SF

      428 College Ave

      MEDICAL BUILDING • 2,502 SF
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    • Value Estimation by Request
      3,536 SF

      1160 Apalachee Pkwy

      MEDICAL BUILDING • 3,536 SF
      1160 Apalachee Pkwy, Tallahassee, FL 32301-4542
      View Details
    • Value Estimation
      $705,000
      5,398 SF

      1433 Lafayette St

      MEDICAL BUILDING • 5,398 SF
      1433 Lafayette St, Tallahassee, FL 32301-4747
      View Details
    • Value Estimation by Request
      1,548 SF

      318 Ofc Plz Dr

      MEDICAL BUILDING • 1,548 SF
      318 Ofc Plz Dr, Tallahassee, FL 32301-2730
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medical Office Space Available

      3,500 SF medical office space for lease.
      1160 Apalachee Pkwy, Tallahassee, FL 32301
      View Details
    • $825,000
      3,720 SF

      Charming Office Building For Sale

      Office building with recent updates in Blairstone Pines Office Park.
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      Office Space in Magnolia Park

      Office spaces available in a tranquil courtyard setting.
      111 South Magnolia Dr, Tallahassee, FL 32301
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      Quality Brick Office Building

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      3050 Highland Oaks Ter, Tallahassee, FL 32301
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      Upscale Office Building on Parkway

      Office building with ample parking and signage available.
      2650 Apalachee Pkwy, Tallahassee, FL 32301
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      9,000 SF

      Downtown Tallahassee Office Condo

      9,000 SF office condo in downtown Tallahassee, Florida.
      113 S Monroe St, Tallahassee, FL 32301
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    Similar Nearby for Lease

    • $3,000 /Mo
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      Tallahassee Office Space For Rent

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      Tallahassee Retail Destination For Lease

      Open-air retail destination with high visibility and traffic.
      1654 Governors Square Blvd, Tallahassee, FL 32301
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      288 SF

      Office Space Available For Rent

      Office space available for rent, totaling 288 square feet.
      1020 E Lafayette St, Tallahassee, FL 32301
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      16,195 SF

      Cascades Mixed-Use Retail Space

      16,195 SF retail and mixed-use space in Tallahassee.
      850 South Gadsden St, Tallahassee, FL 32301
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      Alliance Center

      Discover many ways to work your way in Alliance Center
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    • Sponsored
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      FL, Tallahassee - Monroe St.

      Discover many ways to work your way in FL, Tallahassee - Monroe St.
      101 Monroe St, Tallahassee, FL 32301
      View Details
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    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
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    1160 Apalachee Pkwy. Tallahassee, FL 32301, Tallahassee, FL, 32301

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