227 E Palmer Ave Tallahassee, FL 32301
Property Lookup
Property profile & analytics
227 E Palmer Ave Tallahassee, FL 32301
- Distribution centers
- 6,000 SF
- 0.22 lot acres
Property ID
US18-3778477
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
- On the Rocks Bartending / Event Planning / Wedding Service
- Driftaway Float Center / Gym & Fitness Center / Alternative Medicine Practice
Property Details for 227 E Palmer Ave
- Year built
- 1959
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.22 lot acres
- Property size
- 6,000 SF
- Property type
- Distribution centers
- APN
- 41-01-20-409-000-0
- APU
- 4101204090000
Description
This exceptional 6,000-square-foot freestanding building in Tallahassee, Florida, presents a unique opportunity for a variety of businesses. Located at 227 E Palmer Ave, 32301, this single-tenant property offers a blend of office and industrial space, perfect for a contractor, service business, or similar operation. The building, constructed in 1959, sits on a 0.22-acre lot and is classified as Class C. The single-story structure features a spacious warehouse area with a 12-foot eave height, convenient access via a 10-foot high by 18-foot wide overhead drive-in door, and a separate 3-foot by 7-foot walk-in door. The office space is well-appointed, including a reception area, four individual offices, a breakroom, and two ADA-compliant restrooms. The entire 6,000 square feet is currently vacant, providing immediate occupancy for the new owner. This property offers a compelling combination of functionality and location, making it an attractive investment in the thriving Tallahassee market. The property's single-tenant occupancy simplifies management and provides a straightforward investment opportunity. Its convenient location and versatile layout make it an ideal choice for a wide range of businesses seeking a functional and efficient workspace.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $780,000
- 6.5%
- $720,000
- 7%
- $670,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $738,000
- AI Estimate
- $427,000
Market price range: $507k - $1.17MMarket price range: $183k - $773k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $830,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.2797
- Latitude
- 30.4269
- 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
$4,754
$26,353
$231,950
$258,303
-
$26,353
$231,950
$258,303
