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499 Capital Cir SW 45,000 SF Vacant Industrial Building Tallahassee, FL 32304 $3,800,000 ($84.44/SF) 2.38% Cap Rate
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.
Property Facts
| Price | $3,800,000 | Rentable Building Area | 45,000 SF |
| Price Per SF | $84.44 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 2000 |
| Cap Rate | 2.38% | Parking Ratio | 0.8/1,000 SF |
| Property Type | Industrial | No. Dock-High Doors/Loading | 2 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 8 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 3.90 AC | ||
| Zoning | M-1 - Light Industrial | ||
| Price | $3,800,000 |
| Price Per SF | $84.44 |
| Sale Type | Investment or Owner User |
| Cap Rate | 2.38% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.90 AC |
| Rentable Building Area | 45,000 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Parking Ratio | 0.8/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 8 |
| Opportunity Zone |
Yes |
| Zoning | M-1 - Light Industrial |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 21-29-20-217-000.0 | Improvements Assessment | $1,440,385 |
| Land Assessment | $173,437 | Total Assessment | $1,613,822 |
Property Taxes
Parcel Number
21-29-20-217-000.0
Land Assessment
$173,437
Improvements Assessment
$1,440,385
Total Assessment
$1,613,822
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499 Capital Cir SW
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