You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

3320 Monroe St Tallahassee, FL 32303-2824

OFF-MARKET Investment properties Google Maps
400 SF 1.1 ac lot Built 1960
Entity Owned 8-yr Hold Free & Clear
Estimated value (blended)
$285k
Range $257k – $314k (±10%)
Property ID US18-3794401

Property summary

AI-generated overview

This 1.1-acre commercial land parcel in Tallahassee, Florida, is ideally situated on North Monroe Street (Highway 27), boasting 316 feet of frontage. The property, identified by APN 21-15-51-500-1530, is currently undergoing rezoning to Commercial Parkway designation. Its prime location in Northwest Tallahassee offers exceptional visibility and accessibility, surrounded by established retailers such as Walmart, Burger King, Taco Bell, and several hotels. Existing access points are available via Homewood Road, Lang Drive, and North Monroe Street, including two curb cuts and a median cut on North Monroe. The property's proximity to Interstate 10 (less than one mile) ensures convenient access for customers and employees. This high-traffic area presents a significant opportunity for retail development. The asking price is $1,200,000, and the permitted zoning is M1. This exceptional location offers unparalleled potential for a variety of commercial ventures.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1960
Construction WOOD
Total area 400 SF
Lot 1.1 ac (47,916 SF)
APN 21-15-51-500-153-0
UPID US18-3794401

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2007
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3320 Monroe St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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