Property profile

1614 S Monroe St Tallahassee, FL 32301

FOR SALE
Office buildings
Property ID
US18-3377065
1,344 SF 0.19 ac lot Built 1950
Individually Owned 29-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1,344 square foot office/retail building presents a unique investment opportunity in Tallahassee's thriving SoMo District. Situated on a sizable 0.48-acre lot, the property boasts high visibility from both South Monroe and South Adams Streets, ensuring excellent exposure for any business. The main building offers versatile space, ideal for a variety of uses. Beyond the main structure, a substantial yard includes a pole barn and storage facility, providing ample room for parking, equipment storage, or inventory management – a significant advantage for businesses requiring extra space. The CU-45 zoning allows for considerable flexibility, potentially enabling future expansion into a mixed-use development incorporating residential units, thereby maximizing long-term value. Its strategic location offers unparalleled convenience, being within walking distance of the vibrant SoMo District, Cascades Park, and Florida A&M University, and less than a mile from the Capitol Complex. This property is perfectly positioned to capitalize on the area's growth and offers a compelling blend of charm, functionality, and significant future potential for both business owners and investors. The combination of prime location, versatile space, and flexible zoning makes this a truly exceptional opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Construction WOOD
Total area 1,344 SF
Lot 0.19 ac (8,276 SF)
APN 41-01-20-436-000-0
UPID US18-3377065

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Landscaping General Contractor

Location

1614 S Monroe St Tallahassee, FL 32301
Tallahassee metro Census 400 TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 1997
1 recorded transaction
1997
$50,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message