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1740 & 1742 Thomasville Rd. 1,230 SF Office Building Tallahassee, FL 32303 $248,000 ($201.63/SF) 7.47% Cap Rate
Executive Summary
Tenant Occupied - please call Ashley at (850) 556-0749 to coordinate showings. Income-producing office investment with strong in-place tenancy. Units 1740 and 1742 Thomasville Road are leased with reliable tenants currently in month 3 of a 48-month lease, providing immediate and stable cash flow. Cap rate begins in the 7.5% range in year one, increasing to nearly 8.1% by year four. Recent improvements include a newer roof and HVAC, while the tenant covers utilities and interior repairs/maintenance, keeping owner expenses low. A solid opportunity for investors seeking stable returns with built-in income growth.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
1,230 SF
Year Built
1984
Price
$248,000
Price Per SF
$201.63
Cap Rate
7.47%
NOI
$18,527
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,230 SF
Building FAR
1.41
Lot Size
0.02 AC
Zoning
C-2
Amenities
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Tina Blackwell
- Administrative and Support Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Tina Blackwell | Administrative and Support Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $148,256 | |
| Land Assessment | $34,440 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $113,816 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$34,440
Improvements Assessment
$113,816
Total Assessment
$148,256
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1740 & 1742 Thomasville Rd.
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