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Property profile

3507 Thomasville Rd Tallahassee, FL 32309

FOR SALE
Turn key restaurants
Property ID
US18-4295590
6,942 SF 0.84 ac lot Built 1986
Individually Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional restaurant property, located at 3507 Thomasville Rd in Tallahassee, Florida, presents a lucrative investment opportunity. The 6,942 square foot building sits on a 0.84-acre lot (APN: 11-05-20-403-0000) and is zoned AC. Its prime location within Tallahassee's popular northeast retail corridor ensures high visibility and accessibility. The property benefits from its proximity to the I-10 Interchange and Capital Circle NE, with convenient access from Thomasville Road and additional rear access via the Publix Shopping Center. High traffic counts further enhance its appeal: 57,000 AADT heading north from Capital Circle NE onto Thomasville Road and 13,000 AADT heading south on Thomasville Road. This established restaurant is offered at an asking price of $2,850,000 and represents a unique chance to acquire a thriving business in a high-demand area. The property's strategic location and substantial traffic volume make it an ideal investment for experienced restaurateurs seeking expansion or new entrepreneurs looking to establish a successful culinary venture in a vibrant and growing market. The single-unit property is ready for immediate occupancy and offers significant potential for continued growth and profitability. This is a rare opportunity to own a well-established restaurant in a high-traffic area of Tallahassee.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,942 SF
Lot 0.84 ac (36,590 SF)
APN 11-05-20-403-000-0
UPID US18-4295590

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
  • Restaurant Buffet

Location

3507 Thomasville Rd Tallahassee, FL 32309
Tallahassee metro Census 2410 TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.48M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.07M
Blend (final) Blend
$1.60M

Owner & transaction history

since 2022
Last sale
$1.5M
3 recorded transactions
2022
$1.5M
2014
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Industrial (general) $2.1M +21.9%
Neighborhood: shopping center $2.0M +12.4%

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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