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Property profile & analytics
OFF-MARKET Estimated value $2,915,000
Retail space

301 Commerce Blvd Midway, FL 32343-6635

21,144 SF 2.85 ac lot Built 2019
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US18-7630831
Property summary
AI-generated overview

This exceptional 20,074-square-foot flex/warehouse property in Midway, Florida, presents a unique investment opportunity. The single-story building features five individual suites, ideal for diverse tenants. Located at the strategic interchange of Highway 90 and I-10 on Commerce Blvd, this property boasts excellent visibility and accessibility. Its proximity to major transportation arteries, including I-10 and US 90, ensures convenient access for businesses and employees. The property is situated adjacent to Peterbilt and near the Comfort Inn and Suites, benefiting from established commercial presence. The fully air-conditioned building offers 50 paved parking spaces and is the only retail space within the industrial park, providing a distinct competitive advantage. The property's location in Midway, approximately 20 minutes from Downtown Tallahassee, offers a balance of accessibility and a lower cost of operation compared to Tallahassee. The property's Assessed Property Number (APN) is 4-10-1N-2W-0000-00334-0200. This is a rare opportunity to acquire a well-located, versatile commercial property with significant growth potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2019
Construction STEEL FRAME
Total area 21,144 SF
Lot 2.85 ac (124,277 SF)
APN 4-10-1N-2W-0000-00334-0200
UPID US18-7630831
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
  • Coastal Protective Products (Bike/Boat/Book/etc) Store
  • Talon Tactical Outfitters (Bike/Boat/Book/etc) Store
  • Talon Security, Inc. Security Service
  • Reel Repair by Jim Corporate Office
  • Talon Holsters (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.16M
Comparable Approach Comparable
$2.79M
Blend (final) Blend
$2.92M
Owner & transaction history
Talon Property Management LLC · 8 yrs held
Talon Property Management LLC
since 2018
3 recorded transactions
2019
Price N/A
2018
$140,500
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $2.8M +58.5%
Commercial (general) $1.9M +9.3%
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