532 Aaron Smith Rd Tallahassee, FL 32304
- Parking lots & garages
- 1,510 SF
- 10.77 lot acres
Current Use by Public Records
- GlassHouse Automotive Detailing Group / Car Detailing Service
Property Details for 532 Aaron Smith Rd
- Year built
- 1957
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 10.77 lot acres
- Property size
- 1,510 SF
- Property type
- Parking lots & garages
- APN
- 21-30-20-213-000-0
- APU
- 2130202130000
Description
This exceptional 6,664-square-foot industrial property, located at 532 Aaron Smith Rd, Tallahassee, FL 32304, presents a compelling investment opportunity. Situated in Leon County within the Lakeside Travel Park, this single-tenant warehouse boasts convenient access to Highway 90 West and Aaron Smith Road. Built in 1975, the one-story building features a spacious showroom area complete with a retail counter, office space, and a private restroom. The warehouse itself offers six grade-level roll-up doors, providing ample access for loading and unloading. A valuable loft storage area adds extra capacity. The property also benefits from convenient parking on both sides of the building. The property is classified as Industrial, with subtypes including Warehouse, Distribution, and Flex space, making it suitable for a variety of uses. With immediate availability, this property is ready for its next occupant. The building's single-tenant occupancy simplifies management and provides a stable income stream. This versatile space combines showroom, office, and warehouse functionality in a highly accessible location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,540,000
- 6.5%
- $1,445,000
- 7%
- $1,535,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,330,000
- Geo Method
- $1,310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,645,000
- Retail
- $1,235,000
- Mixed-Use
- $1,565,000
- Hospitality
- $1,465,000
- Educational
- $1,535,000
- Residential Income
- $1,585,000
- Energy
- $1,490,000
- Income-Based Land
- $1,280,000
- Food Service
- $1,225,000
Location Insight
- Map
- Local Demand
- City
- Tallahassee
- County
- Leon
- State
- Florida
- Longitude
- -84.3778
- Latitude
- 30.4557
- CBSA code
- 45220
- CBSA name
- TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
