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Property profile & analytics
OFF-MARKET Estimated value $21,600,000
Commercial land

1665 Bannerman Rd Tallahassee, FL 32312-5095

0.62 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-6059722
Property summary
AI-generated overview

This exceptional retail opportunity presents 2,800 square feet of vacant space within the thriving Shops at Bannerman Village, a 62,848 square foot shopping center built in 2021. Located at 1665 Bannerman Rd, Tallahassee, FL 32312 (cross streets: Bull Headley Rd), this multi-tenant property sits on a generous 10.35-acre lot and is zoned LPN. The center enjoys a highly desirable location in Tallahassee's highest-income area, adjacent to the established Golden Eagle and Summerbrooke communities. Its strategic placement offers unparalleled access to a dense population of affluent consumers. Within a three-mile radius, there are 19,450 residents with an average household income exceeding $149,000 annually. Furthermore, the immediate vicinity includes 380 single-family homes and 240 multi-family housing units currently under development, ensuring a consistently growing customer base. This Publix-anchored shopping center provides a strong foundation for any retail business seeking a prime location with exceptional demographics and high growth potential. One available space is 1,400 sq ft. This is a rare opportunity to establish a presence in one of Tallahassee's most sought-after retail destinations.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.62 ac (27,007 SF)
APN 14-08-24-000-002-0
UPID US18-6059722
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
  • Primo Water Refill Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$21.60M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$21.60M
Owner & transaction history
Real Sub LLC · 1 yrs held
Real Sub LLC
since 2024
Last sale
$21.6M
2 recorded transactions
2024
$21.6M
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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