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Royal Oak Plaza 1989 Capital Cir NE 18,027 SF 92% Leased Retail Building Tallahassee, FL 32308 $3,800,000 ($210.79/SF) 6% Cap Rate
Investment Highlights
- High traffic & great visibility
- Meticulously maintained
- Strong historical performance
- Proximity to major retailers
- Ample parking available
Executive Summary
Introducing an outstanding investment opportunity in Tallahassee, FL!
This 18,027 SF retail/strip center offers a prime location and a proven investment return.
With 92% occupancy, it provides immediate income potential. The popular NE Tallahassee location makes this property perfectly positioned for retail success. Whether you're a seasoned investor or new to the game, this property promises a strong addition to your portfolio. An excellent opportunity to secure a prime retail investment in this high-demand location.
This 18,027 SF retail/strip center offers a prime location and a proven investment return.
With 92% occupancy, it provides immediate income potential. The popular NE Tallahassee location makes this property perfectly positioned for retail success. Whether you're a seasoned investor or new to the game, this property promises a strong addition to your portfolio. An excellent opportunity to secure a prime retail investment in this high-demand location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
18,027 SF
Building Class
C
Year Built
1997
Price
$3,800,000
Price Per SF
$210.79
Cap Rate
6%
NOI
$228,000
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.84 AC
Zoning
CP - CP - Commercial Parkway
Parking
70 Spaces (58.33 Spaces per 1,000 SF Leased)
Frontage
262’ on Capital Cir NE
Amenities
- 24 Hour Access
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Built out as office space. Reception area, 3 private offices, break area & storage closet in back.
| Space | Size | Space Use | Position | Available |
| 6 | 1,200 SF | Office | - | Jul 2026 |
6
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Jul 2026 |
6
| Size | 1,200 SF |
| Space Use | Office |
| Position | - |
| Available | Jul 2026 |
Built out as office space. Reception area, 3 private offices, break area & storage closet in back.
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-21-05-00B-001.2 | Improvements Assessment | $1,282,460 |
| Land Assessment | $941,763 | Total Assessment | $2,224,223 |
Property Taxes
Parcel Number
11-21-05-00B-001.2
Land Assessment
$941,763
Improvements Assessment
$1,282,460
Total Assessment
$2,224,223
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Royal Oak Plaza | 1989 Capital Cir NE
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