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Property profile & analytics
OFF-MARKET
Medical Office Space

109 4Th Ave Tallahassee, FL 32303

0.17 ac lot
Property ID
US19-0469328
Property summary
AI-generated overview

This exceptional multi-use office building, located at 109 W 4th Ave in Tallahassee, FL, presents a unique investment opportunity. Priced at $457,000, this 0.17-acre property boasts 9 parking spaces and offers versatile space ideal for a variety of professional uses, including creative, executive, or medical offices. The building features hardwood floors, fireplaces, and high ceilings throughout, creating an elegant and functional workspace. The interior comprises six private offices (four of which are large), two private restrooms, a shared kitchen, and a shared waiting area. One office could easily be converted into a conference room. The property's layout also allows for flexible use, potentially accommodating live/work arrangements. The building's history includes use as a therapy office and attorney's office, demonstrating its adaptability to various professional services. Its proximity to Florida State University, the Florida Capitol, government offices, dining, and shopping enhances its appeal. The property includes a handicap ramp for accessibility and shared driveway access. The building's charming 1940s character is complemented by multiple smaller breakout areas, and the kitchen is equipped with a stove, making it suitable for a complete live/work experience. This property is zoned for both residential and commercial use. Note: No assignment of contract or owner financing is available. No wholesalers.

Property profile
Verified
Property type Medical Office Space
Lot 0.17 ac (7,405 SF)
UPID US19-0469328
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
  • Anderson James W Law Firm
  • Terese N. Herring MS Counselor
  • Cindy Wall, LMHC Counselor Family Counselor
  • Lisa Bolhouse Foster Care Service Social Service Agency
  • Savlov & Anderson Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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