1101 Magnolia DrTallahassee, FL 32301

Property Details for 1101 Magnolia Dr

Year built

1979

Construction

WOOD

Lot size

0.58 AC

Property size (Sq ft)

2,806 SF

Property type

Office buildings

APN

31-05-50- A-001-0

APU

310550A0010

Description

This exceptional, established preschool in downtown Tallahassee, Florida presents a unique investment opportunity. The 2,806 square foot facility, built in 1979 and renovated in 2012, sits on a 1.16-acre lot and is currently operating at 100% occupancy. Licensed for over 60 students, ranging from infants to Voluntary Pre-Kindergarten (VPK), it boasts seven fully furnished classrooms, a secure outdoor play area, and a separate office. The sale includes an adjacent 0.58-acre lot with preliminary city approvals for expansion, offering significant growth potential. The preschool features a strong reputation, primarily private-pay enrollment (excluding VPK), and includes all existing equipment, educational resources, and eleven current employees. Financial details, including revenue and operating expenses, are available upon request. The property is zoned OR-1 (Office Residential), allowing flexibility for future modifications. SBA financing is available, with the potential for approximately $85,000 annual profit after servicing the loan with a 15% down payment. This turnkey operation includes the business goodwill, real estate, trademark, and digital marketing platforms. The property offers ample parking and a well-designed playground. A separate storage building provides additional space for supplies and equipment. A comprehensive security system is in place. This is an ideal opportunity for an owner/user or investor seeking a profitable venture in a high-demand sector.

• CAP approach

  CAP return

  Valuation

  6%

  $658,306

  6.5%

  $607,667

  7%

  $564,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $199,479

  Geo Method

  $199,479

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,137,530

  Retail / Commercial

  $594,834

  Mixed-Use / Specialty

  $601,789

  Hospitality / Lodging

  $453,329

  Institutional / Educational

  $628,862

  Residential Income

  $735,768

  Multifamily

  $832,128

  Automotive / Energy

  $539,024

  Parking / Income-Based Land

  $177,044

  Restaurant / Food Service

  $332,364

  Healthcare / Senior Housing

  $607,817

Location Insight

City

Tallahassee

County

Leon

State

Florida

Latitude

30.434

Longitude

-84.2613

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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