4894 Portal Dr Tallahassee, FL 32303-6818
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.