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Property profile & analytics
FOR SALE
Office buildings

2108 Delta Way Tallahassee, FL 32303

4,784 SF 0.57 ac lot Built 1993
Entity Owned ~ Est. High Equity
Property ID
US18-4631764
Property summary
AI-generated overview

This exceptional 2,400-square-foot office building is ideally situated at 2108 Delta Way, Tallahassee, Florida, 32303. Located in a bustling office park off John Knox Road, this property boasts excellent visibility and convenient access. The two-story building offers a single-tenant occupancy, perfect for a growing business seeking ample space and privacy. The 2,400 square feet are located upstairs and include a private entrance, providing a sense of exclusivity and security. The interior layout is well-designed, featuring 14 individual offices, a private bathroom, and a spacious open area, offering flexibility for various business needs. The property also includes a significant advantage: 33 parking spaces, ensuring convenient parking for employees and clients. This prime location in north-central Tallahassee offers easy access to major roadways and a thriving business community. The property type is classified as Executive Office, Creative Office, and Traditional Office, making it suitable for a wide range of businesses. This is a rare opportunity to acquire a well-maintained, spacious, and conveniently located office building in a desirable area of Tallahassee.

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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Brad Burns Insurance Insurance Agency
  • Preferred Payroll, Inc. Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$708k
Blend (final) Blend
$600k
Owner & transaction history
Piperacea LLC
Piperacea LLC
since 2025
Last sale
$542,500
3 recorded transactions
2025
$542,500
2018
$450,000
2012
$383,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $855,000 +8.3%
Medical building $800,000 +1.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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