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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 (3.88 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
Vanilla shell with new lighting & drop ceiling. One restroom. Additional plumbing stubbed out for sink or drinking fountain. Next to the end unit for easy access and great visibility from the street.
| Space | Size | Space Use | Position | Available |
| 12 | 1,420 SF | Retail | In-Line | Now |
12
| Size |
| 1,420 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
12
| Size | 1,420 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Vanilla shell with new lighting & drop ceiling. One restroom. Additional plumbing stubbed out for sink or drinking fountain. Next to the end unit for easy access and great visibility from the street.
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
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Royal Oak Plaza | 1989 Capital Cir NE
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