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2700 S Blair Stone Rd Tallahassee, FL 32301

Office buildings Google Maps
21,624 SF 0.98 ac lot Built 1985
Entity Owned 2-yr Hold Free & Clear
Estimated value (blended)
$1.53M
Range $1.37M – $1.68M (±10%)
Property ID US18-1729319

Property summary

AI-generated overview

This exceptional development opportunity presents two prime commercial lots in Tallahassee, Florida, ideally situated on high-visibility hard corners. The properties, located at 2700 S Blair Stone Rd, are zoned PUD (Planned Unit Development) and boast significant advantages. Each lot offers substantial acreage, ranging from 3.28 to 3.64 acres, providing ample space for a variety of commercial ventures. The parcels are conveniently located adjacent to Governor's Square Mall, between Publix and Apalachee Parkway, ensuring high traffic volume and excellent visibility. The PUD zoning includes concurrency and offsite stormwater management, streamlining the development process. The APN numbers for these properties are 11-32--20-406-0000 and 11-32-20-416-0000. One lot (3.64 acres) has already been sold, leaving one remaining lot available for purchase at $800,000. This presents a unique chance to secure a highly desirable commercial site in a thriving Tallahassee location. The remaining lot size is 3.28 acres. Interested parties should review the PUD approved uses for detailed development guidelines. This is a rare opportunity to acquire a strategically positioned commercial property in a high-growth area.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 21,624 SF
Lot 0.98 ac (42,689 SF)
APN 31-05-20-415-000-0
UPID US18-1729319

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
  • Electrical Service General Contractor
  • Dental Office
  • Business Management Consultant
  • Engineering Consultant
  • Military Recruiting Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.53M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.53M

Owner & transaction history

since 2024
Last sale
$1.5M
7 recorded transactions
2024
$1.5M
2019
Price N/A
2016
Price N/A
2006
$2.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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