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Monroe St Corridor Tallahassee 1875 N Monroe St 5,500 SF 100% Leased Retail Building Tallahassee, FL 32303 $3,595,000 ($653.64/SF) 4.50% Cap Rate
Investment Highlights
- Modern single-story construction delivered in 2018 with high-end finishes.
- Easy access to Downtown Tallahassee, major state offices, and local government projects.
- Located on a high-traffic commercial corridor with strong surrounding businesses.
- Approximately 29 on-site parking spaces support customer convenience and tenant success.
Executive Summary
Recently Constructed in 2018 built to suit with high end finishes specific to current tenants. This Roughly 5500 Square foot retail building fronting the busy Monroe Street corridor is located nearby the Northwood Center development which includes the new Tallahassee Police Department and other intergovernmental projects. Consistent operational history with recently renewed long term tenant leases with rental increases at extension options. Great investment opportunity with great local tenants with solid income history.
Financial Summary (Pro Forma - 2026) 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 (Pro Forma - 2026) 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
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,500 SF
Building Class
B
Year Built
2018
Price
$3,595,000
Price Per SF
$653.64
Cap Rate
4.50%
NOI
$161,775
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.50 AC
Zoning
C-2 - Small groups of retail, professional, office, and other commercial activities are in proximity to neighborhoods with direct major collector access
Parking
22 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-24-20-462-000.0 | Total Assessment | $1,426,388 (2025) |
| Land Assessment | $192,534 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,233,854 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
21-24-20-462-000.0
Land Assessment
$192,534 (2025)
Improvements Assessment
$1,233,854 (2025)
Total Assessment
$1,426,388 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Monroe St Corridor Tallahassee | 1875 N Monroe St