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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Office buildings
259 7th Ave Tallahassee, FL 32303-5518
Trust Owned
11-yr Hold
Free & Clear
Property ID
US18-4381412
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1937
Construction
WOOD
Total area
5,260 SF
Lot
0.46 ac (20,038 SF)
APN
21-25-43- A-001-0
UPID
US18-4381412
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Nicole Everson Photography Photography Service (Bike/Boat/Book/etc) Store
-
Nina Nicole Photography Wedding Service Photography Service
-
Salon 259 Hair Salon Nail Salon
-
Hill Mortgage Consulting Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$930k
Blend (final)
Blend
$930k
Owner & transaction history
Neil Living Trust|young S Young Ee · 11 yrs held
Neil Living Trust|young S Young Ee
since 2015
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+50.3%
Industrial (general)
$1.2M
+43.2%
Retail stores
$1.1M
+29.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tallahassee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tallahassee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,150,000
6.5%
$1,060,000
7%
$985,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$865,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,305,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,240,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$1,120,000
Change: +29% · Conversion: Moderate
COMMERCIAL (GENERAL)
$940,000
Change: +8% · Conversion: Easy
RESTAURANT
$925,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$880,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$177 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,701
Tax year 2023
Assessed value
$556,821
Assessed 2023
Previous assessed
$506,219
+10.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$135,257
Assessed improvement
$421,564
Land market value
$135,257
Improvement market value
$421,564
Total market value
$556,821
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1937
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
5,260 SF
Lot
0.46 ac (20,038 SF)
APN
21-25-43- A-001-0
UPID
US18-4381412
Jurisdiction
LEON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$865,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$940,000
RESTAURANT
Est. value
$925,000
MEDICAL BUILDING
Est. value
$880,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1937
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Neil Living Trust|young S Young Ee
Trust
Free & Clear · 11 yrs held
Mailing address
1327 N ADAMS ST, TALLAHASSEE, FL 32303-5522
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2015
—
Neil Living Trust|young S Young Ee
Young E Neil & Sharon
Quit Claim Deed
related
—
Mar 24, 2005
—
Young E N Trust
Young,e N & Sharon
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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