3185 Capital CirTallahassee, FL 32308

Property Details for 3185 Capital Cir

Year built

1988

Construction

FRAME

Lot size

1.09 AC

Property size (Sq ft)

10,800 SF

Property type

Retail properties

Property subtype

Community centers

APN

11-08-20-445-000-0

APU

1108204450000

Description

This exceptional retail property, located at 3185 Capital Cir NE in Tallahassee, Florida, offers 11,000 square feet of versatile commercial space within a single-story building. Constructed in 1988 and extensively renovated in 2020, the property boasts a modern aesthetic and efficient layout. Currently configured as a multi-tenant space, one unit of 2,700 square feet is immediately available. The building is situated in a high-traffic area on Capital Circle NE, enjoying excellent visibility and accessibility. Its convenient location directly in front of an Office Depot ensures consistent foot traffic and brand recognition. The property is zoned for commercial use and is part of a strip center, offering a collaborative and thriving retail environment. Leon County's robust economy and growing population make this an ideal investment opportunity for businesses seeking a prime location with strong potential for growth. The property features one building with a total of 11,000 square feet, offering ample space for various retail ventures. The 2020 renovation ensures modern amenities and updated infrastructure, minimizing maintenance costs and maximizing operational efficiency. This is a rare opportunity to secure a well-maintained, high-visibility retail space in a desirable Tallahassee location. The 32308 zip code offers a strong demographic profile, further enhancing the property's investment appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $3,724,862

  6.5%

  $3,438,334

  7%

  $3,192,739

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,934,786

  Geo Method

  $1,934,786

• Alternative Use

  Use

  Valuation

  Residential

  $2,900,364

  Hospitality

  $2,656,718

  Educational

  $2,210,358

  Medical

  $2,286,375

  Retail

  $3,438,334

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.4953

Longitude

-84.245

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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