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    6800 Thomasville Road suite 6 | Tallahassee, FL 32312 Tallahassee, FL 32312

    • Retail properties
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 6800 Thomasville Road suite 6 | Tallahassee, FL 32312

    Year built
    1986
    Property type
    Retail properties

    Description

    Sale includes real estate and all fixtures, furniture & equipment. Location Description 2nd Generation Restaurant For Sale Located on the NE side of town on Thomasville Rd at Bradfordville Commons. Sale includes all FF&E. Highlights Fully equipped kitchen with a hood, grease trap, walk-in cooler, and walk-in freezer (includes all FF&E) Large separate private dining area Restaurant building: 4,209 sq ft with covered outdoor patio Perfect for owner/users for establishing or expanding their business Plenty of parking, pylon signage, and excellent visibility Average HH income $151,530

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    State
    Florida
    Longitude
    -84.2275
    Latitude
    30.5438

    Comparable in this City

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    • Value Estimation by Request
      4,209 SF

      6800 Thomasville Rd

      Restaurants • 4,209 SF
      6800 Thomasville Rd, Tallahassee, FL 32312
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    • Value Estimation by Request
      2,497 SF

      Tallahassee Restaurant - Owner Financing At Favorable Terms! Call Now!

      Restaurants • 2,497 SF
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      53,164 SF

      6265 Old Water Oak Rd

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    • Value Estimation by Request
      99,162 SF

      6785 Thomasville Rd

      DEPARTMENT STORE • 99,162 SF
      6785 Thomasville Rd, Tallahassee, FL 32312-3872
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    • Value Estimation by Request
      2,326 SF

      6535 Thomasville Rd

      RESTAURANT • 2,326 SF
      6535 Thomasville Rd, Tallahassee, FL 32312-3835
      View Details

    Similar Nearby for Sale

    • $1,473,150
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      Turnkey Restaurant, Thomasville Road

      Established Restaurant, High-Traffic Location
      6800 Thomasville Rd, Tallahassee, FL 32312
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    • Contact for pricing
      4,209 SF

      Restaurant Space in Bradfordville Commons

      Freestanding restaurant with private event space and covered patio.
      6800 Thomasville Rd, Tallahassee, FL 32312
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      0.51 Acres

      Bradford Hills Commercial Land

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    Similar Nearby for Lease

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      Restaurant Space in Tallahassee, FL

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      6,883 SF

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      Persimmon Hill Retail & Office Space

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      1,360 SF

      Retail Space on Thomasville Road

      Retail space with high visibility and accessibility near I-10.
      1380-1400 Village Square Blvd, Tallahassee, FL 32312
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      906 SF

      Retail Space in Tallahassee MSA

      Retail space available in a high-traffic Tallahassee location.
      6753 Thomasville Rd, Tallahassee, FL 32312
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    • $35 SF/Yr
      3,071 SF

      Oxford Commons Retail Space Available

      Class A retail space in a premier Tallahassee location.
      5442 Thomasville Rd, Tallahassee, FL 32312
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    Tallahassee, FL 32312
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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.

    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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