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1231 Apalachee Pkwy Tallahassee, FL 32301
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Property profile & analytics

1231 Apalachee Pkwy Tallahassee, FL 32301


  • Community centers
  • 6,318 SF
  • 4.21 lot acres
Retail Space on Apalachee Parkway For Sale
$805,000

Retail Space on Apalachee Parkway

Retail shopping location on Apalachee Parkway and Magnolia Drive.

1231 Apalachee Parkway, Tallahassee, FL 32301
View Listing
Property ID
US18-3023970
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.

Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Market Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
  • ATM Machines Bitcoin ATM / Atm

Property Details for 1231 Apalachee Pkwy

Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
4.21 lot acres
Property size
6,318 SF
Property type
Community centers
Property subtype
Shopping centers
APN
11-31-20-411-000-0
APU
1131204110000

Description

This exceptional retail opportunity is located at 1231 Apalachee Parkway in Leon County, within the Parkway Village & Center. The property offers a total of 11,130 square feet of retail space, currently featuring 3,979 square feet of vacant, fully equipped restaurant space available for lease. This space is immediately available and ready for occupancy. The minimum leasable space is 1,904 square feet, with a maximum contiguous space of 3,979 square feet. Multiple tenancy options are available. The building underwent renovations in 2015. This location benefits from exceptional visibility and high traffic counts, boasting 30,500 vehicles daily on Apalachee Parkway and 27,500 vehicles daily on Magnolia Drive, ensuring significant exposure for your business. The property's strategic corner location at the intersection of Apalachee Parkway and Magnolia Drive provides optimal accessibility and visibility to a large customer base. This is an ideal space for a variety of retail businesses seeking a high-traffic, well-maintained location in a thriving commercial center. The property is categorized as a storefront retail space. Don't miss this chance to establish your business in a prime retail location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $495,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,205,000
    6.5%
    $1,110,000
    7%
    $1,030,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $816,000
    Market price range: $263k - $817k

Get a detailed, property-specific estimation — fast and free


Location Insight

  • Map
  • Local Demand
City
Tallahassee
County
Leon
State
Florida
Longitude
-84.2627
Latitude
30.4363
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
$73,073
$1,248,514
$2,744,447
$3,992,961
-
$1,248,514
$2,744,447
$3,992,961
View Listing
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