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106 E College Ave Tallahassee, FL 32301

Office buildings Google Maps
85,541 SF 0.22 ac lot Built 1990
Individually Owned 22-yr Hold ~ Est. High Equity
Estimated value (blended)
$16.39M
Range $14.75M – $18.02M (±10%)
Property ID US18-3498776

Property summary

AI-generated overview

Highpoint Center offers exceptional Class A office space in Tallahassee, Florida. Located at 106 E College Ave, this property boasts a total of 15,914 square feet, currently entirely vacant and ready for immediate occupancy. The building is categorized as a multi-tenant property, with flexible space options available. Individual suites range from a minimum of 3,421 square feet up to a maximum contiguous space of 7,787 square feet, providing ample room for businesses of various sizes. The property's prime location in Leon County, zip code 32301, ensures high visibility and easy access for clients and employees. The property's APN is 21-36-25-177-161.0. This is an excellent opportunity to establish a presence in a thriving Tallahassee business district. The building's executive office and storefront subtypes offer versatile options for businesses seeking a professional and accessible location. Two spaces are currently available, offering a combined total of between 2,774 and 7,787 square feet. This presents a unique chance to secure a significant footprint in a highly desirable area. Contact us today to learn more about leasing opportunities at this exceptional Class A office building.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1990
Construction FRAME
Total area 85,541 SF
Lot 0.22 ac (9,583 SF)
APN 21-36-25-177-161-0
UPID US18-3498776

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Business Service Center Corporate Office
  • Business Management Consultant
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$17.25M
Comparable Approach Comparable
$19.59M
Blend (final) Blend
$16.39M

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $23.2M +45.5%
Industrial (general) $20.2M +26.7%
Retail stores $18.2M +14.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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