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Property profile & analytics
OFF-MARKET
Community centers

2031 Pensacola St Tallahassee, FL 32304-3101

6,660 SF 0.53 ac lot Built 1986
Entity Owned ~ Est. High Equity
Property ID
US18-3424324
Property summary
AI-generated overview

This exceptional retail opportunity is located at 2031 W Pensacola St, Tallahassee, FL 32304. The property, a single-story strip center totaling 6,673 square feet, offers multiple suites for lease. Two contiguous units, totaling 2,341 square feet, are currently vacant and available immediately. Individual units are also available, with a minimum leasable space of 1,151 square feet. The building underwent renovations in 2023. The property boasts a prime location, seconds away from Florida State University's football stadium and campus, benefiting from high student traffic and proximity to new student housing developments. This location is also part of a strong retail corridor, ideal for restaurants, drive-thrus, or delivery-based businesses. The area shows strong leasing potential, with nearby fully leased shopping centers anchored by major retailers such as Aldi and Publix. The property's history of 100% occupancy demonstrates its desirability and strong market position. This is a rare chance to secure a well-located, recently renovated retail space in a thriving area of Tallahassee. The property consists of six suites in total.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1986
Construction FRAME
Total area 6,660 SF
Lot 0.53 ac (23,087 SF)
APN 21-34-51-000-118-5
UPID US18-3424324
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
  • Natural Life CBD Kratom Kava Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
State Of Florida Department Of Tran
State Of Florida Department Of Tran
since 2025
7 recorded transactions
2025
Price N/A
2025
Price N/A
2021
$408,700
2017
Price N/A
2011
$199,600
2009
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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