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Property profile & analytics
FOR SALE
Community centers

1231 Apalachee Pkwy Tallahassee, FL 32301

6,318 SF 4.21 ac lot Built 1989
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US18-3023970
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1989
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,318 SF
Lot 4.21 ac (183,605 SF)
APN 11-31-20-411-000-0
UPID US18-3023970
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
  • Market Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • ATM Machines Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
$1.11M
Comparable Approach Comparable
$817k
Blend (final) Blend
$805k
Owner & transaction history
Parkway 1 LLC · 13 yrs held
Parkway 1 LLC
since 2012
1 recorded transaction
2012
$3.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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