You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $515,000
Distribution centers

4894 Portal Dr Tallahassee, FL 32303-6818

4,280 SF 0.34 ac lot Built 2008
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-9808168
Property summary
AI-generated overview

This exceptional industrial property, located at 4894 Portal Dr in Tallahassee, Florida, presents a unique owner-user opportunity. The 4,280 square foot building, constructed in 2008, features a versatile layout ideal for distribution and warehouse operations. The property boasts 2,140 square feet of warehouse space, equipped with two roll-up bay doors and impressive 28-foot ceiling heights, providing ample room for storage and maneuvering. The building also includes 1,070 square feet of office space, complete with three private offices, a convenient kitchen area, and two bathrooms. An additional 1,070 square feet of unfinished space is located upstairs, offering potential for expansion or additional storage, and could be converted into heated and cooled space. Situated on a 0.34-acre lot, this property is zoned I and features a single, two-story building. The asking price is $575,000, translating to $134.35 per square foot. The property's APN is 2106510000450. This is an excellent opportunity to acquire a well-maintained, functional industrial space in a desirable Tallahassee location. Don't miss out on this chance to own your own distribution and warehouse facility.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2008
Construction FRAME
Total area 4,280 SF
Lot 0.34 ac (14,810 SF)
APN 21-06-51-000-045-0
UPID US18-9808168
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
Current use
Occupant on record · Public records
  • Balloons Unlimited LLC Wedding Service Event Planning
  • Party Party Party Event Rentals Party Supply Store Rental Equipment Company
  • DGM Construction Services General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
$515k
Comparable Approach Comparable
$678k
Blend (final) Blend
$515k
Owner & transaction history
Rogers Auto Connection INC · 1 yrs held
Rogers Auto Connection INC
since 2025
Last sale
$525,000
7 recorded transactions
2025
$525,000
2022
Price N/A
2022
$479,900
2019
Price N/A
2008
Price N/A
2008
Price N/A
2008
$75,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $765,000 +85.7%
Medical building $715,000 +74.3%
Office building $705,000 +71.5%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4894 Portal Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message