318 Calhoun StTallahassee, FL 32301

Property Details for 318 Calhoun St

Year built

1900

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

4,815 SF

Property type

Office properties

Property subtype

Office buildings

APN

21-36-40-100-362-5

APU

2136401003625

Description

This stunning three-story, 4,815 square foot Class B executive office building is located in Tallahassee's Historic District at 318 N Calhoun St, 32301. Built in 1900, this property boasts eight private offices, three reception areas, a conference room, a library, a full kitchen, multiple restrooms, and six fireplaces. Hardwood floors and ample storage space are featured throughout. The building sits on a 0.26-acre lot and includes nine on-site parking spaces. Its prime location offers convenient access to the Florida State Capitol complex, Leon County and Federal Courthouses, and numerous downtown amenities. The permitted zoning is Special Character District. This property is currently vacant and available for $695,000. Owner financing is available. This exceptional property is ideal for a law firm, financial institution, or other professional services business seeking a prestigious and convenient location. The asking price per square foot is $144.34. The lease type is modified.

• CAP approach

  CAP return

  Valuation

  6%

  $996,732

  6.5%

  $920,061

  7%

  $854,342

• Comparable approach

  Method

  Valuation

  Relative Method

  $342,298

  Geo Method

  $342,298

• Alternative Use

  Use

  Valuation

  Residential

  $1,140,875

  Hospitality

  $1,045,036

  Educational

  $869,457

  Medical

  $899,359

  Retail

  $1,352,489

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4454

Longitude

-84.2799

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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