Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    952 Tharpe St Tallahassee, FL 32303

    • Retail space
    • 675 SF
    • 0.02 lot acres
    For Lease
    View listing
    $52 SF/Yr
    Value Estimation
    $530,000
    Last Sale
    Sep 01, 2021
    $500,000
    Location Intelligence
    Property ID
    US19-0116791
    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

    • Retail space

    Property Details for 952 Tharpe St

    Year built
    2022
    Construction
    WOOD
    Lot size
    0.02 lot acres
    Property size
    675 SF
    Property type
    Retail space
    APN
    21-23-24-000-200-0
    APU
    2123240002000

    Description

    This exceptional 800-square-foot retail property, located at 952 W Tharpe St in Tallahassee, Florida, 32303, presents a unique investment opportunity. Built in 2022, this Class A building features a highly desirable dual drive-thru configuration, perfect for quick-service restaurants or similar businesses. The single-tenant building is situated on a prominent corner lot at the intersection of Old Bainbridge Road and W Tharpe Street, benefiting from significant daily traffic volume. Its strategic location within a larger plaza, adjacent to a newly developed four-tenant strip center and a Family Dollar, ensures high visibility and accessibility. The property's proximity to multiple schools and Florida State University guarantees a consistent flow of potential customers, making it an ideal location for businesses targeting families and students. The one-story building offers 800 square feet of space, providing ample room for operations. This is a newly constructed, free-standing building representing a rare opportunity in a high-traffic area with strong demographics.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $435,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $420,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $415,000
      Mixed-Use
      $465,000
      Hospitality
      $405,000
      Educational
      $445,000
      Residential Income
      $525,000
      Energy
      $535,000
      Income-Based Land
      $430,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2991
    Latitude
    30.4641
    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
    $2,892
    $26,400
    $123,069
    $149,469
    -
    $26,400
    $123,069
    $149,469

    Comparable in this City

    • Value Estimation by Request
      50,783 SF

      1525 Tharpe St

      Individual retail properties • 50,783 SF
      1525 Tharpe St, Tallahassee, FL 32303
      View Details
    • Value Estimation by Request
      5,250 SF

      2657 Monroe St

      RETAIL STORES (PERSONAL SERVICES) • 5,250 SF
      2657 Monroe St, Tallahassee, FL 32303-4027
      View Details
    • Value Estimation
      $305,000
      2,914 SF

      1707 Monroe St

      RETAIL STORES (PERSONAL SERVICES) • 2,914 SF
      1707 Monroe St, Tallahassee, FL 32303-5534
      View Details
    • Value Estimation
      $290,000
      3,913 SF

      3511 Monroe St

      RETAIL STORES (PERSONAL SERVICES) • 3,913 SF
      3511 Monroe St, Tallahassee, FL 32303-2746
      View Details
    • Value Estimation
      $455,000
      4,316 SF

      2135 Monroe St

      RETAIL STORES (PERSONAL SERVICES) • 4,316 SF
      2135 Monroe St, Tallahassee, FL 32303-4763
      View Details
    • Value Estimation by Request
      12,240 SF

      1110 Monroe St

      RETAIL STORES (PERSONAL SERVICES) • 12,240 SF
      1110 Monroe St, Tallahassee, FL 32303-6147
      View Details

    Similar Nearby for Sale

    • $675,000
      9,260 SF

      Tallahassee Commercial Property For Sale

      Prime commercial property with high visibility and ample parking.
      1974 Commonwealth Ln, Tallahassee, FL 32303
      View Details
    • Contact for pricing
      23,575 SF

      Prime Midtown Tallahassee Location

      Excellent visibility, ideal for retail, medical, or professional office.
      1950 Thomasville Rd, Tallahassee, FL 32303
      View Details
    • $920,000
      3,200 SF

      Retail Property Near I-10 Interchange

      Retail property with high visibility, foot traffic, and strong income.
      3808 N Monroe St, Tallahassee, FL 32303
      View Details
    • $510,000
      0.19 Acres

      Tallahassee Commercial Property with Parking

      Commercial property in Tallahassee, FL with parking and patio.
      707-717 Old Bainbridge Rd, Tallahassee, FL 32303
      View Details
    • $3,166,667
      23,625 SF

      NNN Leased Retail Investment Opportunity

      NNN leased retail property with long-term tenant in Florida.
      3510 N Monroe St, Tallahassee, FL 32303
      View Details
    • New
      $779,000
      0.49 Acres

      Midtown Tallahassee Commercial Property

      Versatile commercial building in Midtown, ideal for diverse business models.
      250 E 6Th Ave, Tallahassee, FL 32303
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail/Restaurant Space in Northwood Centre

      Retail or restaurant space in a high-traffic location.
      1885 Northwood Center Blvd, Tallahassee, FL 32303
      View Details
    • $395,000
      1,270 SF

      Freestanding Building Near Northwood Mall

      Freestanding 1,270 SF building suitable for medical, office, retail.
      1881 N M L King Jr Blvd, Tallahassee, FL 32303
      View Details
    • $18 SF/Yr
      4,635 SF

      Retail Space on Thomasville Road

      Retail space with high visibility and multiple access points.
      1800-1898 Thomasville Rd, Tallahassee, FL 32303
      View Details
    • $16 SF/Yr
      92,067 SF

      Midtown Tallahassee Retail Space

      Prime retail space, multiple units available.
      1800 Thomasville Rd, Tallahassee, FL 32303
      View Details
    • $14 SF/Yr
      8,530 SF

      Retail Space Available For Lease

      8,530 SF retail space with highway visibility.
      3802 N Monroe St, Tallahassee, FL 32303
      View Details
    • Contact for pricing
      5,000 SF

      Retail/Restaurant Space For Rent

      Retail or restaurant space in a high-traffic location.
      1885 Northwood Blvd, Tallahassee, FL 32303
      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.
    952 Tharpe St
    Tallahassee, FL 32303
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.