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1541 S Adams St 6,000 SF 100% Leased Industrial Building Tallahassee, FL 32301 $399,900 ($66.65/SF) 6% Cap Rate
Executive Summary
very nice property in the middle of tallahassee
surrounded with very high residentials capicty
walking distance to FAMU universty
Now just leasing half of the building for 24K,rent is low because tenant has been under lease for about 10 years
lease is going month to month,tenant will love to stay if any investor desires so
Potential income if whole building leased is about 50k
It's very good investment or owner use
building has a big office area and warehouse in the back
6000 SQFT plus 1000 SQFT OFFICE
ZONING CU-45 - Central Urban - 45 good for almost any kind of business
surrounded with very high residentials capicty
walking distance to FAMU universty
Now just leasing half of the building for 24K,rent is low because tenant has been under lease for about 10 years
lease is going month to month,tenant will love to stay if any investor desires so
Potential income if whole building leased is about 50k
It's very good investment or owner use
building has a big office area and warehouse in the back
6000 SQFT plus 1000 SQFT OFFICE
ZONING CU-45 - Central Urban - 45 good for almost any kind of business
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$24,000
|
$4.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$24,000
|
$4.00
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $4.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $4.00 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $399,900 | Lot Size | 0.22 AC |
| Price Per SF | $66.65 | Rentable Building Area | 6,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 6% | Year Built | 1960 |
| Sale Condition | Lease Option | Parking Ratio | 0.67/1,000 SF |
| Property Type | Industrial | No. Drive In / Grade-Level Doors | 1 |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | CU-45 - CU-45 - Central Urban - 45 | ||
| Price | $399,900 |
| Price Per SF | $66.65 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6% |
| Sale Condition | Lease Option |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.22 AC |
| Rentable Building Area | 6,000 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 0.67/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | CU-45 - CU-45 - Central Urban - 45 |
Amenities
- Air Conditioning
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 41-01-20-139-000.0 | Improvements Assessment | $165,068 (2025) |
| Land Assessment | $30,106 (2025) | Total Assessment | $195,174 (2025) |
Property Taxes
Parcel Number
41-01-20-139-000.0
Land Assessment
$30,106 (2025)
Improvements Assessment
$165,068 (2025)
Total Assessment
$195,174 (2025)
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1541 S Adams St