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    FOR LEASE
    Office buildings

    113 Monroe St 1st, Tallahassee, FL 32301

    2,128 SF 0.43 ac lot Built 2011
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US18-6129244
    Property summary
    AI-generated overview

    This exceptional 9,000 square foot Class A office condo, located at 113 S Monroe St in Tallahassee, Florida, presents a compelling value-add investment opportunity. Built in 2009, the single-story building features a modern design and efficient floor plan, situated on a highly visible and accessible location in the heart of downtown Tallahassee. Currently leased to a single tenant under a gross lease agreement until September 30, 2029, with a remaining lease term of approximately 4.9 years, this property offers a stable income stream with significant upside potential. The property is zoned CC, allowing for versatile office uses. The building boasts 9 dedicated parking spaces, adding to its convenience and appeal. Its contemporary design and well-maintained condition, combined with its prime location and ample amenities in the surrounding area, make this a highly desirable asset for investors seeking a strong return in a stable market. The property's below-market lease rate presents a clear opportunity for value enhancement. This is a rare chance to acquire a prominent office space in Tallahassee's thriving downtown area. The property's location provides excellent visibility and accessibility, making it an ideal choice for a variety of professional and corporate tenants.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2011
    Construction STEEL FRAME
    Total area 2,128 SF
    Lot 0.43 ac (18,731 SF)
    APN 21-36-81-000-113-0
    UPID US18-6129244
    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
    • Carrie Edgerson - VanDyk Mortgage Corporation Loan Service Bank
    • Morris-Depew Associates Inc Landscaping General Contractor
    • Canon Solutions America Big Box & Wholesale Store
    • Integrated Webworks Advertising Agency Marketing & Advertising
    • First Choice Life & Annuity, Inc. Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Florida Inst Of Certified Public Ac · 2 yrs held
    Florida Inst Of Certified Public Ac
    since 2023
    4 recorded transactions
    2023
    $550,000
    2023
    $350,000
    2020
    $9.4M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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