225 Brevard StTallahassee, FL 32301

Property Details for 225 Brevard St

Year built

1937

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

1,178 SF

Property type

Office properties

Property subtype

Office buildings

APN

21-36-40-256-421-0

APU

2136402564210

Description

This exceptional 1,255 square foot commercial office space at 225 W Brevard Street, Unit 225, Tallahassee, FL, is ideally situated just two blocks from the Governor's Mansion and under three miles from the Capitol. The property sits on a 0.22-acre corner lot and offers unparalleled convenience and prestige. Inside, you'll find three private offices, three open workstations, a spacious conference room, a kitchen, and a restroom – a complete and functional layout designed for optimal productivity. The interior is bright and clean, creating an inviting atmosphere for both employees and clients. The building underwent a complete renovation in 2016, with all new roofing, HVAC, plumbing, and electrical systems installed at that time. Ample parking is available in a private lot, including designated handicap parking. This commercially zoned property is eligible for the Urban Credit Tax, offering substantial financial advantages. This is a rare opportunity to secure a highly desirable office space in a central Tallahassee location with all the amenities needed for business success. The asking price is $450,000.

• CAP approach

  CAP return

  Valuation

  6%

  $243,853

  6.5%

  $225,095

  7%

  $209,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $83,744

  Geo Method

  $83,744

• Alternative Use

  Use

  Valuation

  Residential

  $279,118

  Hospitality

  $255,670

  Educational

  $212,715

  Medical

  $220,030

  Retail

  $330,889

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4489

Longitude

-84.2841

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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