Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2728 Ox Btm Rd Tallahassee, FL 32312-3554

    • Commercial land
    • 1.42 lot acres
    OFF-MARKET
    Last Sale
    Aug 29, 2023
    $2,800,000
    Value Estimations
    $2,820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8227262
    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.

    Current Use by Public Records

    • OX BOTTOM ANIMAL HOSPITAL / Veterinary Clinic
    • True North Grooming / Pet Grooming Service
    • Fuzzee Bottom Dog Park / Dog Park

    Property Details for 2728 Ox Btm Rd

    Lot size
    1.42 lot acres
    Property type
    Commercial land
    APN
    14-28-42- B-012-0
    APU
    142842B0120

    Description

    This exceptional commercial land offering presents a rare opportunity in the thriving Tallahassee market. Situated at the high-traffic corner of Ox Bottom Road and Thomasville Road, this property comprises two parcels ideal for various commercial ventures. Parcel 1 encompasses 0.66 acres and Parcel 2 spans 0.71 acres, both available for ground lease at an annual rate of $145,000. The location is exceptionally suited for a diverse range of businesses, including fast-food restaurants with drive-thrus, sit-down restaurants, retail stores, or even a bank. The site's strategic positioning ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in Tallahassee. This development project offers five retail pads in total, with two currently available for lease. The property is located in Leon County, Florida, with the precise address being 2728 Ox Bottom Rd, Tallahassee, FL 32312. This is a turnkey opportunity for businesses looking to establish or expand their operations in a dynamic and growing area. The property's zoning and permitted uses should be independently verified. Don't miss this chance to secure a prime commercial location in Tallahassee.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,865,000
      ML approach
      $3,015,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2313
    Latitude
    30.5377
    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
    $12,866
    $664,941
    $0.00
    $664,941
    -
    $664,941
    $0.00
    $664,941

    Comparable in this City

    • Value Estimation by Request
      11.75 Acres

      8946 Winged Foot Dr

      VACANT COMMERCIAL LAND • 11.75 Acres
      8946 Winged Foot Dr, Tallahassee, FL 32312-4050
      View Details
    • Value Estimation by Request
      7.23 Acres

      Metropolitan Blvd

      VACANT COMMERCIAL LAND • 7.23 Acres
      Metropolitan Blvd, Tallahassee, FL 32312
      View Details
    • Value Estimation
      $2,865,000
      1.28 Acres

      2728 Ox Btm Rd

      VACANT COMMERCIAL LAND • 1.28 Acres
      2728 Ox Btm Rd, Tallahassee, FL 32312-3554
      View Details
    • Value Estimation by Request
      0.59 Acres

      6711 Thomasville Rd

      VACANT COMMERCIAL LAND • 0.59 Acres
      6711 Thomasville Rd, Tallahassee, FL 32312-3837
      View Details
    • Value Estimation by Request
      1.82 Acres

      Kerry Frst Pkwy

      VACANT COMMERCIAL LAND • 1.82 Acres
      Kerry Frst Pkwy, Tallahassee, FL 32312
      View Details
    • Value Estimation by Request
      1.98 Acres

      Bannerman Rd

      VACANT COMMERCIAL LAND • 1.98 Acres
      Bannerman Rd, Tallahassee, FL 32312
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Wellington Park Commercial Condo Lot

      Vacant commercial condo lot with visibility on Kerry Forest Parkway.
      3 & 4 Xxxx Kerry Frst Pkwy, Tallahassee, FL 32312
      View Details
    • Contact for pricing

      Thomasville Road Parcels in Bradfordville

      Seven parcels available in a mixed-use development near Lawton Chiles High School.
      Thomasville Rd, Tallahassee, FL 32312
      View Details
    • $640,000
      4.71 Acres

      Land For Sale Tallahassee

      4.71 acres of land for sale in Tallahassee, Florida.
      Thomasville Rd, Tallahassee, FL 32312
      View Details
    • $215,000

      Wellington Park Commercial Condo Lot

      Vacant commercial lot with high visibility in Northeast Tallahassee.
      3 & 4 Xxxx Kerry Frst Pkwy, Tallahassee, FL 32312
      View Details
    • $875,000
      4.80 Acres

      Land Ready for Development

      4.8 AC parcel ideal for church or residential development.
      6275 Thomasville Rd, Tallahassee, FL 32312
      View Details
    • $379,000
      2.78 Acres

      Land Near Chiles High School

      2.78 acres of land across from Chiles High School.
      7091 Thomasville Rd, Tallahassee, FL 32312
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Development at Ox Bottom Rd

      Retail pads available for ground lease or build-to-suit.
      2728 Ox Bottom Rd, Tallahassee, FL 32312
      View Details
    • Contact for pricing
      8,600 SF

      REI-Anchored Shopping Center For Rent

      Shopping center with regional and national tenants in Tallahassee, Florida.
      1415 Timberlane Rd, Tallahassee, FL 32312
      View Details
    • Contact for pricing
      906 SF

      Retail Space in Tallahassee MSA

      Retail space available in a high-traffic Tallahassee location.
      6753 Thomasville Rd, Tallahassee, FL 32312
      View Details
    • $24 SF/Yr
      5,750 SF

      Northeast Tallahassee Office Suites

      Office suites for lease in Northeast Tallahassee with ample parking.
      3606 Maclay Blvd S, Tallahassee, FL 32312
      View Details
    • Contact for pricing

      Medical Office Space Available

      Turn-key medical office space for lease.
      3606 Maclay Blvd S, Tallahassee, FL 32312
      View Details
    • Contact for pricing
      7,110 SF

      Tallahassee Northeast Office Space

      Single-story office space in Tallahassee's northeast market, convenient to I-10.
      3490 Martin Hurst Rd, Tallahassee, FL 32312
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2728 Ox Btm Rd
    Tallahassee, FL 32312-3554
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!