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    2170 Capital Cir Tallahassee, FL 32301
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    Property profile & analytics

    2170 Capital Cir, Tallahassee, FL 32301

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    • Lifestyle centers
    Off-Market
    Property ID
    US18-8539499
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oakland Parc / Townhouse Complex

    Property Details for 2170 Capital Cir

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Oakland Plaza presents a compelling investment opportunity in Tallahassee, Florida. This newly constructed five-unit retail strip center boasts a prime location on Capital Circle SE, enjoying high visibility and accessibility. The property shares its site with Oakland Apartments, a 20-unit luxury apartment complex, ensuring a built-in customer base and strong foot traffic. The plaza's strategic position offers easy access to the thriving Southwood community, further enhancing its appeal to potential tenants and investors. Four units are currently available, providing flexibility for various retail businesses. The available spaces range in size from a generous 1,500 square feet to a substantial 6,000 square feet, catering to a diverse range of potential tenants. The asking price for the entire center is $2,875,000, representing a significant opportunity in a rapidly growing market. This property offers a blend of new construction, excellent location, and immediate tenant potential, making it an attractive investment for discerning buyers seeking a strong return on investment in the Tallahassee retail market. The property's address is 2170 Capital Cir SE, Tallahassee, FL 32301.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.235005845502
    Latitude
    30.414735905778

    Comparable in this City

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      2525 South Monroe St, Tallahassee, FL 32301
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      South Monroe Street Retail Center

      Retail center with multiple tenants on South Monroe Street.
      1327 S Monroe St, Tallahassee, FL 32301
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      Apalachee Parkway Retail Opportunity

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      Retail Space on Apalachee Parkway

      5,417 SF retail space available for sale.
      2727 Apalachee Pkwy, Tallahassee, FL 32301
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      Retail and Warehouse Buildings ForSale

      Two buildings with retail, warehouse, and office space available.
      2809 S Adams St, Tallahassee, FL 32301
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      Freestanding Retail Building For Sale

      3,400 SF retail building in high-traffic location.
      1449 E Lafayette St, Tallahassee, FL 32301
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    Similar Nearby for Sale

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      South Monroe Street Retail Center

      Retail center with multiple tenants on South Monroe Street.
      1327 S Monroe St, Tallahassee, FL 32301
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      Towne South Shopping Center

      Shopping center built in 1981 with established tenants.
      2525 South Monroe St, Tallahassee, FL 32301
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      Apalachee Parkway Retail Opportunity

      Retail space for sale in high-traffic Tallahassee location.
      2727 Apalachee Pkwy, Tallahassee, FL 32301
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      Retail Space on Apalachee Parkway

      5,417 SF retail space available for sale.
      2727 Apalachee Pkwy, Tallahassee, FL 32301
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      Retail and Warehouse Buildings ForSale

      Two buildings with retail, warehouse, and office space available.
      2809 S Adams St, Tallahassee, FL 32301
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      Freestanding Retail Building For Sale

      3,400 SF retail building in high-traffic location.
      1449 E Lafayette St, Tallahassee, FL 32301
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    Similar Nearby for Lease

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      1,533 SF

      Retail Space on Apalachee Parkway

      Retail spaces available in Tallahassee, Florida shopping center.
      1665-1779 Apalachee Pkwy, Tallahassee, FL 32301
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      3,900 SF

      Retail Space in Lake Ella

      Retail space available in Tallahassee's Lake Ella Plaza.
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      973 SF

      Retail Space in Central Tallahassee

      Prime retail location near downtown, FSU, and College Town.
      1010-1108 S Magnolia Dr, Tallahassee, FL 32301
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      10,000 SF

      Retail Plaza Anchored by Best Buy

      Retail space in a high-traffic plaza near downtown.
      1400 Apalachee Pkwy, Tallahassee, FL 32301
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      Tallahassee Retail Destination For Lease

      Open-air retail destination with high visibility and traffic.
      1654 Governors Square Blvd, Tallahassee, FL 32301
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    2170 Capital Cir
    Tallahassee, FL 32301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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