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Property profile & analytics
FOR LEASE
Community centers

1016 S Magnolia Dr Tallahassee, FL 32301

6,009 SF 0.34 ac lot Built 1964
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US18-2137863
Property summary
AI-generated overview

This exceptional Class A retail property, located at 1016 S Magnolia Dr in Tallahassee, Florida (32301), offers 3,519 square feet of vacant space within a 10,305 square foot building situated on a 0.343-acre lot. The single-story building, constructed in 1964, features multiple tenancies and is zoned UP1. Units range from a minimum of 973 square feet to a maximum contiguous space of 2,546 square feet, providing flexibility for various retail concepts. The property boasts ample surface parking and enjoys a highly visible location near Apalachee Pkwy in Leon County (APN: 1131204540000). Its convenient location offers easy access to a vibrant area, including hotels, restaurants, and diverse shopping options within a one-mile radius. Furthermore, its proximity to Downtown Tallahassee (less than one mile) and Florida State University (under 10 minutes) ensures high foot traffic and a strong customer base. This presents a unique opportunity for businesses seeking a thriving retail environment in a dynamic and accessible location. The property's convenient central location within a shopping strip center makes it an ideal choice for businesses seeking high visibility and accessibility.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,009 SF
Lot 0.34 ac (14,810 SF)
APN 11-31-20-454-000-0
UPID US18-2137863
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Stylish Shears Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.31M
CAP Approach CAP
$1.06M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.23M
Owner & transaction history
Jai Ambe Property 5 LLC · 2 yrs held
Jai Ambe Property 5 LLC
since 2023
Last sale
$1.2M
2 recorded transactions
2023
$1.2M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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