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Property profile & analytics
FOR LEASE
Outlet malls

2425 Apalachee Pkwy Tallahassee, FL 32301

25,774 SF 2.5 ac lot Built 1994
Entity Owned Absentee Owner Free & Clear
Property ID
US18-3730310
Property summary
AI-generated overview

This exceptional retail opportunity presents 3,167 square feet of recently renovated space within a larger building currently housing an ALDI grocery store. Located at 2425 Apalachee Pkwy, Tallahassee, FL 32301, this single-tenant space is situated on a 2.51-acre lot and benefits from ample on-site parking shared with the anchor tenant. The building, constructed in 1994, is zoned CP and boasts a total of 25,000 square feet. This space is ideal for a restaurant or retail establishment, given its proximity to high-traffic areas and established businesses. Neighboring businesses include Target, Governor's Mall, Pep Boys, Jason's Deli, Zaxby's, Whataburger, and Wendy's. Apalachee Parkway sees over 30,500 vehicles daily, ensuring high visibility and accessibility. The property's APN is 31-04-20-212-0000, and it's located in Leon County, near the intersection of Apalachee Parkway and Richardson. The lease rate includes common area maintenance (CAM). This is a fantastic chance to establish a business in a thriving Tallahassee location.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 25,774 SF
Lot 2.5 ac (108,900 SF)
APN 31-04-20-212-000-0
UPID US18-3730310
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
Current use
Occupant on record · Public records
  • ALDI Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.85M
Comparable Approach Comparable
$2.39M
Blend (final) Blend
$3.34M
Owner & transaction history
PARKWAY TERRACE PROP INC
PARKWAY TERRACE PROP INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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