Property profile

850 Gadsden St Tallahassee, FL 32301

OFF-MARKET
Parking lots & garages
Property ID
US18-8630250
101,379 SF 2.43 ac lot Built 2022
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Tallahassee property, located at 850 S Gadsden St, offers 17,570 square feet of vacant retail and restaurant space within a 16,195 square foot building situated on a 24-acre lot. The property boasts multiple tenancy options, with spaces ranging from a minimum of 1,170 square feet to a maximum contiguous space of 5,590 square feet, providing flexibility for various business needs. Ample parking is available with 250 spaces. This location benefits from its proximity to Tallahassee's Cascades Project, a significant economic development initiative generating substantial economic impact and job creation. The Cascades Project features a mix of residential, retail, office, and hospitality spaces, creating a vibrant and thriving community. The property's strategic location offers excellent visibility and accessibility, making it an ideal opportunity for businesses seeking a prominent presence in a rapidly growing area of Tallahassee, Florida. The property is located in Leon County and has a 32301 zip code. This is a unique chance to establish a business within a dynamic and well-planned development, benefiting from increased foot traffic and community engagement.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 2022
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 101,379 SF
Lot 2.43 ac (105,851 SF)
APN 21-36-32-000-003-0
UPID US18-8630250

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
  • Real Estate Agency
  • Cafe & Coffee Shop
  • Water Treatment Supplier Water Softening Equipment Supplier
  • (Bike/Boat/Book/etc) Store Clothing & Fashion Store
  • Electric Vehicle Charging Station

Location

850 Gadsden St Tallahassee, FL 32301-2430
Tallahassee metro Census 200 TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.04M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.59M

Owner & transaction history

since 2021
Last sale
$7.2M
1 recorded transaction
2021
$7.2M

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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