Technical
Financial
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Property profile

572 Appleyard Dr Tallahassee, FL 32304

FOR LEASE
Distribution centers
Property ID
US18-2815255
35,100 SF 5.07 ac lot Built 1980
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,000-square-foot light industrial flex space is available for lease within the Appleyard Industrial Park in Tallahassee, Florida. The property, located at 572 Appleyard Dr, Unit 1-105, zip code 32304, is zoned M-1 and offers a single-tenant occupancy. The space boasts a versatile layout, ideal for a variety of businesses. A significant portion of the building (approximately 2,800 square feet) features a glass storefront showroom, perfect for showcasing products or services. In addition, there's approximately 1,200 square feet of office space, including three private offices, two restrooms, and two large conference rooms. A mezzanine level above part of the office area provides valuable extra storage. The rear of the building includes approximately 1,000 square feet of warehouse space, conveniently accessed via a grade-level roll-up door. The property benefits from three-phase power, enhanced by a large generator providing backup power to the entire unit. This fully conditioned space presents a unique opportunity for businesses seeking a blend of showroom, office, and warehouse functionality in a prime Tallahassee location. The property is situated at 30.4359474 latitude and -84.338425 longitude.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1980
Construction FRAME
Total area 35,100 SF
Lot 5.07 ac (220,849 SF)
APN 21-33-20-608-000-0
UPID US18-2815255

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Building Supply

Location

572 Appleyard Dr Tallahassee, FL 32304
Tallahassee metro Census 2003 TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.58M
Blend (final) Blend
$2.57M

Owner & transaction history

since 2016
4 recorded transactions
2016
$1.9M
2015
$50,100
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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