4051 Lagniappe Way, Unit 101 Tallahassee, FL 32317-1201
Property profile & analytics
4051 Lagniappe Way, Unit 101, Tallahassee, FL 32317-1201
- Community centers
- 19,740 SF
- 7.69 lot acres
Property ID
US18-7762719
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Boot Barn / Clothing & Fashion Store
- Dollar Tree / Discount Store
Property Details for 4051 Lagniappe Way
- Year built
- 2015
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 7.69 lot acres
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 11-27-30-000-004-2
- APU
- 1127300000042
Description
Exceptional opportunity to acquire a prime 20,000 square foot commercial land parcel situated within the thriving Fallschase Village Center in Northeast Tallahassee, Florida. This single-tenant pad site boasts exceptional visibility on Lagniappe Way, strategically positioned between a Dollar Tree and Walmart. The property benefits from its location within a high-traffic retail corridor, boasting an impressive 38,000 AADT (Average Annual Daily Traffic) at the Lagniappe Way and Mahan Drive intersection. Existing tenants in the plaza include well-established national retailers such as Boot Barn, Bass Pro Shops, and Costco, ensuring a strong and diverse tenant mix. Further enhancing the location's appeal are nearby CMX Cinemas, Academy Sports, Burger King, Subway, McDonald's, Applebees, and a Patients First Walk-In Clinic, along with numerous other national and local businesses and professional services. The surrounding area is also characterized by a significant concentration of high-end apartment complexes and single-family homes, providing a substantial residential base for the retail center. This property is zoned for retail development and offers the flexibility of a ground lease or build-to-suit option, catering to a variety of development scenarios. The site is fully entitled for the construction of up to 20,000 square feet of retail space. This presents a rare opportunity to establish a presence in a highly desirable and rapidly growing retail market. Located in Leon County, Florida, with the address 4051 Lagniappe Way, Tallahassee, FL 32317.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,505,000
- ML approach
- $4,420,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,760,000
- 6.5%
- $3,470,000
- 7%
- $3,220,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,471,000
Market price range: $1.96M - $10.4M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $5,565,000 Current use
- RESTAURANT
- $4,955,000 Change: -11% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $4,655,000 Change: -16% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.2152
- Latitude
- 30.4611
- CBSA code
- 45220
- CBSA name
- TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$48,602
$1,214,288
$2,110,172
$3,324,460
-
$1,214,288
$2,110,172
$3,324,460
