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Property profile & analytics
OFF-MARKET
Office buildings

1709 Mahan Dr Tallahassee, FL 32308-5201

29,576 SF 2.05 ac lot Built 1986
Entity Owned Free & Clear
Property ID
US18-3505608
Property summary
AI-generated overview

This exceptional 29,000-square-foot executive office building, located at 1709 Mahan Drive in Tallahassee, Florida, presents a unique investment opportunity. Built in 1986 and situated on a 2.05-acre lot, the property is zoned C-2 - OR-2, allowing for diverse commercial uses beyond its current office configuration. The building, formerly a government facility, is currently entirely vacant and offers significant flexibility. Divided into four sections, it features approximately 80 offices, four kitchens, well-appointed common areas, and private entrances to each section. The impressive layout allows for single-tenant occupancy or the potential to lease individual suites. Its strategic location near Governor's Square, numerous restaurants and national retailers, Downtown Tallahassee, Florida State University, and Florida A&M University ensures high visibility and accessibility. The property is priced well below replacement cost, and seller financing is available. This presents a compelling opportunity for owner-occupancy or a lucrative investment in a thriving Tallahassee market. The building's size and zoning provide ample room for expansion or adaptation to suit a variety of business needs. The property's substantial size, coupled with its convenient location and flexible layout, makes it an ideal choice for a wide range of commercial enterprises. This is a rare chance to acquire a significant commercial property in a desirable area of Tallahassee.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1986
Construction FRAME
Total area 29,576 SF
Lot 2.05 ac (89,298 SF)
APN 11-29-20-620-000-0
UPID US18-3505608
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
  • City Walk Urban Mission Charitable Organization Social Service Agency
  • City Walk Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
H & L Nguyen LLC
H & L Nguyen LLC
since 2025
Last sale
$900,000
5 recorded transactions
2025
$900,000
2019
Price N/A
2019
$760,000
2017
$550,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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