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223 Carolina St Tallahassee, FL 32301-1127

OFF-MARKET Office buildings Google Maps
6,865 SF 0.13 ac lot Built 1956
Entity Owned 8-yr Hold ~ Est. High Equity
Estimated value (blended)
$310k
Range $279k – $341k (±10%)
Property ID US18-3378162

Property summary

AI-generated overview

This exceptional two-story office building, located at 223 W Carolina St in Tallahassee, Florida, offers a rare opportunity to lease 3,200 square feet of sophisticated workspace. Built in 1956 and extensively renovated in 2018, the property boasts contemporary finishes throughout its 6,945 total square feet. The available space features a welcoming reception area, multiple private offices ideal for individual or team use, a collaborative coworking space perfect for fostering teamwork, and a convenient kitchen area. Partial furnishing is included, adding immediate functionality. The building sits on a 5,542 square foot lot and is zoned RO. The property's single building is conveniently located in Leon County, Florida, with the zip code 32301. Tenancy is multiple, providing a vibrant and collaborative environment. Adding to its appeal, the property includes convenient EV charging stations for electric vehicle owners. A significant benefit is that the rental rate is inclusive of utilities, simplifying budgeting and management. This is a truly remarkable opportunity to secure high-quality office space in a desirable Tallahassee location. The APN is 2136402444195.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1956
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,865 SF
Lot 0.13 ac (5,663 SF)
APN 21-36-40-244-419-5
UPID US18-3378162

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
  • (Bike/Boat/Book/etc) Store
  • Film Production Television Studio
  • Marketing & Advertising
  • Photography Service (Bike/Boat/Book/etc) Store
  • Advertising Agency Marketing & Advertising

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$821k
Blend (final) Blend
$310k

Owner & transaction history

since 2018
7 recorded transactions
2021
Price N/A
2021
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2018
$250,000
1994
$195,000

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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