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Property profile & analytics
FOR SALE
Office buildings

1932 Miccosukee Rd Tallahassee, FL 32308

4,720 SF 0.93 ac lot Built 1952
Entity Owned 21-yr Hold Free & Clear
Property ID
US18-3151773
Property summary
AI-generated overview

This exceptional commercial property, located at 1932 Miccosukee Road in Tallahassee, Florida, presents a unique investment opportunity. The 4,720 square foot, two-story building, constructed in 1952 and renovated in 2005, sits on a 0.93-acre corner lot with excellent visibility and abundant parking. Its convenient location in Northeast Tallahassee, just under a mile from Tallahassee Memorial Hospital, offers easy access to major thoroughfares and a high concentration of professional and medical offices. The building boasts a versatile layout, currently configured as a freestanding professional office building. The first floor features a reception area, multiple conference rooms, several private offices, storage space, two bathrooms, and a full kitchen. The second floor includes additional private offices and a bathroom. The property is currently vacant and secured with an alarm system, requiring appointments for viewings. The permitted zoning is RP-2 & OR-2. This Class B building offers significant potential for a variety of commercial uses. The property's APN is 1120500000250. The asking price is $699,000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1952
Construction WOOD
Total area 4,720 SF
Lot 0.93 ac (40,511 SF)
APN 11-20-50-000-025-0
UPID US18-3151773
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
  • Rowland Publishing, Inc. Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$647k
Blend (final) Blend
$630k
Owner & transaction history
Fontana Investments Of Tallahasse · 21 yrs held
Fontana Investments Of Tallahasse
since 2005
2 recorded transactions
2005
$165,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.0M +29.3%
Retail stores $1.0M +29.2%
Medical building $790,000 +1.6%
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