2121 Pensacola St Ste A Tallahassee, FL 32304-3170
Property profile & analytics
2121 Pensacola St Ste A, Tallahassee, FL 32304-3170
- Community centers
- 9,254 SF
- 0.92 lot acres
Property ID
US18-1354108
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Cassinova's Hair Studio / Barber Shop
- Phở 7 / Restaurant
- Chicago Chicken & Grill / Restaurant
- iam kouture / Clothing & Fashion Store
- Boxton Cares, Inc. / Charitable Organization / Medical Clinic
Property Details for 2121 Pensacola St Ste A
- Year built
- 1986
- Construction
- FRAME
- Lot size
- 0.92 lot acres
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 21-34-20-646-000-0
- APU
- 2134206460000
Description
This exceptional value-add opportunity presents a 9,256 square foot, single-story retail property situated on 0.92 acres of prime commercial land in Tallahassee, Florida. Built in 1986, this Class B, multi-tenant storefront boasts seven units, currently 93% occupied, with lease sizes ranging from 750 to 2,000 square feet. The property is strategically located on West Pensacola Street, between Florida State University and Tallahassee Community College, benefiting from a large and diverse population base including government employees, numerous organizations, and approximately 70,000 college students. The asking price is $1,595,000, translating to $172.32 per square foot. The property features a prominent pylon sign and is zoned for University Transition, offering significant upside potential through rent increases or future redevelopment. This stabilized investment presents a compelling opportunity to capitalize on below-market rents and the strong Tallahassee market. The property is shown by appointment only
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,760,000
- 6.5%
- $1,625,000
- 7%
- $1,510,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $950,000
Market price range: $918k - $4.85M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.3204
- Latitude
- 30.4403
- CBSA code
- 45220
- CBSA name
- TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,595
$190,356
$460,559
$650,915
-
$190,356
$460,559
$650,915
