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Property profile

126 Salem Ct Tallahassee, FL 32301

OFF-MARKET
Office buildings
Property ID
US18-8686766
3,575 SF 0.21 ac lot Built 1981
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,575 SF
Lot 0.21 ac (9,104 SF)
APN 11-31-20-053-000-0
UPID US18-8686766

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

126 Salem Ct Tallahassee, FL 32301-2810
Tallahassee metro Census 903 TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2025
Last sale
$505,000
4 recorded transactions
2025
$505,000
2005
Price N/A
2005
$290,000
2004
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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