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Property profile & analytics
OFF-MARKET Estimated value $760,000
Distribution centers

453 All Saints St Tallahassee, FL 32301-2223

6,300 SF 1.35 ac lot Built 1930
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-3425179
Property summary
AI-generated overview

This exceptional 1.49-acre commercial land parcel presents a unique investment opportunity in Tallahassee, Florida. Located at 453 All Saints Street, this property boasts a prime location just south of the planned new College of Business at Florida State University (FSU). Its strategic position offers unparalleled proximity to key attractions, including the FSU Civic Center, College Town, and Doak Campbell Stadium, ensuring high visibility and accessibility. The property consists of two parcels and is zoned ASN-B, allowing for a high-density development of up to 50 units per acre, making it ideal for a mixed-use project. This translates to significant development potential, catering to a diverse range of uses. Further enhancing its appeal, this property is situated within an Opportunity Zone, offering potential tax advantages for investors. The site's history as a former Coca-Cola bottling plant adds a unique character to this already compelling investment opportunity. With its strategic location, favorable zoning, and potential for high-density development, this property represents a rare chance to capitalize on Tallahassee's thriving commercial real estate market. The asking price is $2,500,000. The property's zip code is 32304, and it is situated in Leon County.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,300 SF
Lot 1.35 ac (58,806 SF)
APN 41-01-80-000-028-0
UPID US18-3425179
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$755k
Comparable Approach Comparable
$755k
Blend (final) Blend
$760k
Owner & transaction history
All Saints Square LLC · 17 yrs held
All Saints Square LLC
since 2008
4 recorded transactions
2020
Price N/A
2008
$775,000
2002
$450,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.2M +34.4%
Commercial (general) $1.1M +24.4%
Medical building $1.1M +20.9%
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