Property profile & analytics
215 Monroe St Tallahassee, FL 32301-1839
- Office buildings
- 187,029 SF
- 0.65 lot acres
OFF-MARKET
Value Estimations
$30,770,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US18-3700512
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.
Current Use by Public Records
- Discount Dumpster Rental / General Contractor / Waste Management Facility
- Davis Graves Christine R / Law Firm
- Wine & Spirits / Department Store
- Pennington Law Firm / Law Firm
- Charles S Stratton Pa / Law Firm
Property Details for 215 Monroe St
- Year built
- 1975
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.65 lot acres
- Property size
- 187,029 SF
- Property type
- Office buildings
- APN
- 21-36-25-087-141-0
- APU
- 2136250871410
Description
This exceptional office property, located at 215 S Monroe St in Tallahassee, Florida, offers a diverse range of spaces ideal for businesses of all sizes. The building, totaling 187,555 square feet, boasts a variety of configurations, with minimum divisible space starting at 737 square feet and maximum contiguous space reaching 11,126 square feet. Currently, 64,364 square feet are available for lease. Built in 1975 and extensively renovated in 2019, the property features multiple tenancies and elevators for convenient access. Situated on a 0.65-acre lot in the heart of downtown Tallahassee, this location benefits from its proximity to Florida State University, Tallahassee Community College, and Florida A&M University, contributing to a vibrant and dynamic atmosphere. The building's central location within the Capital City provides easy access to government offices, cultural attractions, and a thriving business community. This is a unique opportunity to establish a presence in one of Florida's most dynamic and growing urban centers. The property is classified as both Executive and Traditional Office space, as well as Professional and Office/Retail, offering flexibility for a wide array of business needs. Leon County location and a 32301 zip code ensure convenient access to major transportation routes and amenities.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $40,845,000
- 6.5%
- $37,705,000
- 7%
- $35,010,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $33,528,000
- AI Estimate
- $21,083,000
Market price range: $22.4M - $59.1MMarket price range: $11.0M - $32.9M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $34,820,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $50,645,000 Change: +45% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $44,125,000 Change: +27% Conversion: Difficult
- RETAIL STORES
- $39,840,000 Change: +14% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $32,225,000 Change: -7% Conversion: Easy
- MEDICAL BUILDING
- $31,325,000 Change: -10% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.2801
- Latitude
- 30.4402
- 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
$354,684
$2,640,921
$14,788,679
$17,429,600
-
$2,640,921
$14,788,679
$17,429,600
