954 Brevard StTallahassee, FL 32304

Property Details for 954 Brevard St

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.31 AC

Property size (Sq ft)

2,688 SF

Property type

Office buildings

APN

21-26-20-512-000-0

APU

2126205120000

Description

This exceptional 2,688 square foot office building in Tallahassee, Florida, presents a unique leasing opportunity. Located at 954 W Brevard St, 32304, this single-tenant property offers a versatile layout ideal for various business needs. The space includes six individual offices, providing ample room for staff and teams. Two dedicated conference rooms facilitate productive meetings and client presentations, while a comfortable break room offers a space for relaxation and informal gatherings. Conveniently located bathrooms are also included within the building. The building's design caters to coworking, creative office, and traditional office setups, offering flexibility to adapt to diverse operational styles. Its prime location just off Tennessee Street places it within easy reach of Florida State University, the FSU Alumni Center, and the FSU President's Official Residence. The surrounding area is characterized by student housing, creating a vibrant and dynamic environment. This property is also available for sale, offering additional investment potential. This is an excellent opportunity to secure a well-appointed office space in a thriving Tallahassee neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $630,622

  6.5%

  $582,113

  7%

  $540,533

• Comparable approach

  Method

  Valuation

  Relative Method

  $191,090

  Geo Method

  $191,090

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,089,690

  Retail / Commercial

  $569,820

  Mixed-Use / Specialty

  $576,482

  Hospitality / Lodging

  $434,266

  Institutional / Educational

  $602,416

  Residential Income

  $704,827

  Multifamily

  $797,135

  Automotive / Energy

  $516,357

  Parking / Income-Based Land

  $169,599

  Restaurant / Food Service

  $318,387

  Healthcare / Senior Housing

  $582,256

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4493

Longitude

-84.3007

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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