Technical
Financial
Distress signals
Property profile

2108 Delta Way Tallahassee, FL 32303

OFF-MARKET
Office buildings
Property ID
US18-4631764
4,784 SF 0.57 ac lot Built 1993
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

A two-story office building configured for multi-tenant or multi-use occupancy, with the ground floor containing eight offices with built-in desks and cabinets, private bathrooms, a kitchen, a telecommunications closet, a conference room, and a large reception area. The second floor is vacant and provides 14 offices, private bathrooms, and a large open area that can be adapted to different office layouts. The property is located in a central office park setting off John Knox Road and has 33 parking spaces for tenant and visitor access. A side entrance provides separate access to the upstairs area, supporting operational separation between floors.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1993
Construction WOOD
Total area 4,784 SF
Lot 0.57 ac (24,829 SF)
APN 21-24-20-060-000-0
UPID US18-4631764

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
  • Insurance Agency
  • Accounting Firm

Location

2108 Delta Way Tallahassee, FL 32303-4223
Tallahassee metro Census 1601 TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$708k
Blend (final) Blend
$325k

Owner & transaction history

since 2025
Last sale
$542,500
3 recorded transactions
2025
$542,500
2018
$450,000
2012
$383,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $855,000 +8.3%
Medical building $800,000 +1.6%

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
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