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Value Add Industrial - Tallahassee, FL 499 Capital Cir SW 45,000 SF 100% Leased Industrial Building Tallahassee, FL 32304 $3,800,000 ($84.44/SF) 2.38% Cap Rate
Investment Highlights
- 2 Miles south of Interstate 10
- Pre-Engineered Steel building
- Fronting Capital Circle Southwest
- 20' Eave Height with 14' Roll Up Doors
Executive Summary
Value Add Industrial Opportunity - Tallahassee, Florida - Florida's State Capitol. This is the first time this property has ever been offered for sale. This 45,000-square-foot multi-tenant industrial property features excellent visibility with full building and signage views from the six lane Capital Circle southwest (30,000 vehicle/day). The property features excellent accessibility via service road with full turning access on to Capital Circle. Interstate 10 interchange is 2 miles to the north, the Tallahassee International Airport is 6 miles south and Florida State University is 4.5 miles to the east. The buildings have at grade and dock high doors and 20' eave heights.
This 45,000 sf industrial property commands a prime position in Tallahassee’s logistics core. Two miles from Interstate 10, and fronting on Capital Circle Southwest allows easy access from the Interstate and convenient access to the city on the Capital Circle transportation artery.
This 45,000 sf industrial property commands a prime position in Tallahassee’s logistics core. Two miles from Interstate 10, and fronting on Capital Circle Southwest allows easy access from the Interstate and convenient access to the city on the Capital Circle transportation artery.
Financial Summary (Actual - 2024) 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 - 2024) 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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- RV Mobile Services
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| RV Mobile Services | Services | 99,999 SF | $9.99 | Lorem Ipsum | - |
1 1
Property Taxes
| Parcel Number | 21-29-20-217-000.0 | Total Assessment | $1,613,822 (2025) |
| Land Assessment | $173,437 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,440,385 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
21-29-20-217-000.0
Land Assessment
$173,437 (2025)
Improvements Assessment
$1,440,385 (2025)
Total Assessment
$1,613,822 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Value Add Industrial - Tallahassee, FL | 499 Capital Cir SW
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