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Property profile & analytics
OFF-MARKET
Retail space

2420 Pensacola St Tallahassee, FL 32304-3015

1,600 SF 0.3 ac lot Built 1989
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-3016390
Property summary
AI-generated overview

This exceptional 1,600 square foot storefront retail space presents a unique investment opportunity in Leon County's vibrant university area. Ideally situated for businesses targeting the student population and local community, the property boasts excellent visibility and accessibility. Located on West Pensacola Street, it benefits from a high traffic count of 27,000 AADT, enhanced by a convenient median turn lane providing easy access to the ample on-site parking. The building offers paved parking directly in front, with additional spaces available to the side and rear. Its strategic location places it within walking distance of Tallahassee State College (formerly Tallahassee Community College), and a short drive from Florida State University and Doak Campbell Stadium. This ensures a consistent flow of potential customers. The surrounding area is bustling with retail activity, including a diverse range of restaurants, shops, grocery stores, gas stations, and student-oriented businesses. The entire 1,600 square feet is currently vacant, providing a blank canvas for a new tenant to establish their presence in this thriving commercial hub. This property offers a compelling combination of high visibility, convenient location, and ample parking, making it an ideal choice for a variety of retail ventures.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1989
Construction FRAME
Total area 1,600 SF
Lot 0.3 ac (13,068 SF)
APN 21-34-20-620-000-0
UPID US18-3016390
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sage Capital Properties LLC · 1 yrs held
Sage Capital Properties LLC
since 2024
Last sale
$175,000
4 recorded transactions
2025
Price N/A
2024
$175,000
2012
Price N/A
2003
$52,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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