4024 Mahan Dr Tallahassee, FL 32308
This exceptional 3.29-acre commercial land parcel, located at 4024 Mahan Drive in Tallahassee, Florida (APN 1123206160000), presents a rare development opportunity. Situated at a highly visible, lighted intersection, this property enjoys unparalleled access and exposure. Its strategic location is adjacent to the new Mahan Office Park and the Fallschase Shopping Center, a major retail hub anchored by Costco, Walmart, Bass Pro Shops, and CMX Theaters. The property is also within a short five-minute drive of two of Tallahassee's top master-planned communities, with an additional 2,000 proposed residential units nearby, ensuring a robust and growing customer base. The seller is actively pursuing re-zoning to allow for drive-thru and retail uses, significantly expanding development possibilities. This prime location offers convenient access to I-10 via a nearby interchange and a future planned interchange, further enhancing its appeal. Currently zoned to accommodate approximately 26,000 square feet of development, this property is ideal for a variety of commercial ventures. Given the rapid growth in this submarket, this represents one of the few remaining commercial development opportunities in this highly desirable corridor. The asking price is $1,100,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.