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Property profile & analytics

5500 Commonwealth Blvd Tallahassee, FL 32303

  • Outlet malls
  • 135,272 SF
  • 17.29 lot acres
Value Estimation
Location Intelligence
Property ID
US18-3426939
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Lowe's ProServices / Building Materials Supplier
  • Installation Services / Contractor
  • Lowe's Garden Center / Garden Center
  • Primo Water Exchange / Bottled Water Supplier
  • Minute Key / Key Duplication Service

Property Details for 5500 Commonwealth Blvd

Year built
2001
Construction
FRAME
Lot size
17.29 lot acres
Property size
135,272 SF
Property type
Outlet malls
APN
21-19-35-000-005-0
APU
2119350000050

Description

This exceptional commercial land parcel, located at 5500 Commonwealth Blvd in Northwest Tallahassee, Florida (zip code 32303), presents a unique investment opportunity. The property boasts a flexible lot size ranging from 1.23 to 1.87 acres, offering significant development potential. Its strategic location provides immediate proximity to Interstate 10, the region's primary east-west thoroughfare, ensuring high visibility and convenient access for businesses and customers. The site benefits from existing infrastructure, including an access drive and utilities already in place, streamlining the development process and reducing upfront costs. This property is part of a Planned Unit Development (PUD) with pre-approved entitlements for a quick-service restaurant with a drive-through and additional retail space, making it ideal for a variety of commercial uses. Nearby traffic counts show significant daily traffic volume, with ADT (Average Daily Traffic) ranging from 34,000 on Capital Circle to 59,000 on I-10. The property is further enhanced by the inclusion of three outparcels, each offering distinct development possibilities. This prime location and existing infrastructure make this a truly exceptional opportunity for investors seeking a high-impact commercial development project in a rapidly growing area of Tallahassee.

Value Estimation

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

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Tallahassee
County
Leon
State
Florida
Longitude
-84.3659
Latitude
30.4779
CBSA code
45220
CBSA name
TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$130,408
$2,308,793
$6,443,709
$8,752,502
-
$2,308,793
$6,443,709
$8,752,502
More about this property
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