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Property profile & analytics
FOR LEASE
Distribution centers

5285 Tower Rd Tallahassee, FL 32303

1,800 SF 0.04 ac lot Built 2005
Individually Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-5928435
Property summary
AI-generated overview

This exceptional 9,000-square-foot flex space, situated within the Tower Corners complex in Northwest Tallahassee, Florida, presents a unique opportunity for businesses seeking versatile commercial space. Built in 2005, this single-story building offers a blend of retail, office, and industrial functionality, ideal for a variety of uses. The property features attractive storefront glass with a brick façade, enhancing curb appeal and visibility. Multiple tenants are currently accommodated within the building. The strategic location at the intersection of Tower Road and Capital Circle NW provides excellent accessibility and high visibility. Its proximity to major roadways, including Interstate 10 (approximately 3.5 miles) and US 27 North (0.25 miles), ensures convenient commutes for employees and clients. Pylon signage opportunities are available, further enhancing marketing potential. The property is zoned Lake Protection LP/M-1 within Leon County. While elevators are not present, the single-story design promotes ease of access and efficient workflow. This property is an excellent choice for businesses seeking a well-located, adaptable space in a thriving Tallahassee submarket. The address is 5285 Tower Rd, Tallahassee, FL 32303.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2005
Construction FRAME
Total area 1,800 SF
Lot 0.04 ac (1,742 SF)
APN 24-31-43- C-001-0
UPID US18-5928435
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
  • D&D PERFORMANCE CYCLES Auto Repair Shop Motorcycle Shop
  • Jett Builders Inc - Custom Remodeling Company & Home Building Contractor Tallahassee FL Construction Company General Contractor
  • Panhandle Building Services Construction Company General Contractor
  • Cabinetry Design Studio LLC General Contractor Renovation Specialist
  • Salser Construction, Llc. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Steven E Fongeallaz · 17 yrs held
Steven E Fongeallaz
since 2009
Last sale
$94,000
2 recorded transactions
2009
$100,000
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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