532 Aaron Smith RdTallahassee, FL 32304

Property Details for 532 Aaron Smith Rd

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

10.77 AC

Property size (Sq ft)

1,510 SF

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $306,206

  6.5%

  $282,652

  7%

  $262,462

• Comparable approach

  Method

  Valuation

  Relative Method

  $270,512

  Geo Method

  $270,512

• Alternative Use

  Use

  Valuation

  Residential

  $238,427

  Hospitality

  $218,398

  Educational

  $181,705

  Medical

  $187,954

  Retail

  $282,652

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4557

Longitude

-84.3778

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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