Technical
Financial
Distress signals
Property profile

2935 Kerry Forest Pkwy Tallahassee, FL 32309

FOR SALE
Industrial properties
Property ID
US18-3582946
12,400 SF 2.11 ac lot Built 1961
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This vacant, 12,400-square-foot warehouse building in Tallahassee, Florida, presents a significant investment opportunity. Located at 3434 S Monroe St, this property boasts 6,200 square feet of heated and cooled space, complemented by an additional 6,200 square feet of basement area. The building features a convenient roll-up door at the rear, providing easy access for loading and unloading. Its strategic location offers excellent accessibility, with access points from both South Adams and South Monroe Streets. The property sits on a 2.1-acre lot, zoned M-1 Light Industrial, allowing for a variety of potential uses. Its proximity to the North Florida Fair Grounds, Leon County Tax Collector Office, and University Courtyard Apartments ensures high visibility and convenient access to amenities. Furthermore, its location is approximately 2.5 miles from the Capitol Complex and other government buildings, making it an attractive option for businesses serving government agencies or those seeking a central location within the city. The ample space and versatile layout offer significant potential for expansion and customization, making it ideal for a range of businesses, including but not limited to lawn and tree services, automotive repair, contracting, warehousing, or self-storage. The property's APN is 41132000070000. The asking price is $1,625,000.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1961
Construction FRAME
Total area 12,400 SF
Lot 2.11 ac (91,912 SF)
APN 41-13-20-007-000-0
UPID US18-3582946

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
  • High School
  • Church

Location

2935 Kerry Forest Pkwy Tallahassee, FL 32309
Tallahassee metro Census 1804 TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$290k

Owner & transaction history

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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