126 Salem Ct Tallahassee, FL 32301-2810
This exceptional two-story office building, located at 126 Salem Court, offers 5,135 square feet of versatile space, currently entirely vacant and ready for immediate occupancy. Situated conveniently just off Magnolia Drive, between Apalachee Parkway and Tennessee Street, this property provides easy access to downtown Tallahassee and Governor's Square Shopping Center, ensuring convenient access for employees and clients alike. The building boasts a classic brick exterior and features approximately 3,575 square feet on the ground floor and 1,560 square feet on the upper level. Constructed in 1981, the building sits on a 0.21-acre lot and is zoned for Office Residential use. Its strategic location offers excellent visibility and accessibility to major arterial roadways, making it an ideal location for a variety of businesses. The property is also available for purchase at $525,000, with owner financing options available. The property's single-tenant occupancy provides a unique opportunity for a business seeking a dedicated and spacious workspace. The ample square footage allows for customization to suit specific business needs. This is a rare opportunity to secure a well-located, substantial office building in a thriving area of Tallahassee. The APN is 11-31-20-053-0000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.