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Property profile & analytics
OFF-MARKET
Estimated value
$4,080,000
Distribution centers
2819 Industrial Plz Dr Ste A Tallahassee, FL 32301-3559
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5550563
Property summary
AI-generated overview
This exceptional 54,000-square-foot industrial property in Tallahassee, Florida, offers a rare opportunity. Located at 2819 Industrial Plaza Dr, A & B, 32301, this Class B facility boasts five buildings on a 3.4-acre lot, built in 1997. The property features flexible space options, with a minimum divisible space of 3,250 square feet and a maximum contiguous space of 3,250 square feet currently available. The buildings are single-story with 16-18 foot ceiling heights, ideal for various industrial uses. Access is provided by two drive-in doors. The property is secured with perimeter fencing and gates. Zoned for light industrial use, this location offers convenient access to Capital Circle NE. Property taxes are $1.50 per square foot. This is a unique opportunity to lease space in a well-maintained, secure industrial complex. Contact us today to discuss available space configurations.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1986
Construction
FRAME
Total area
18,500 SF
Lot
3.48 ac (151,589 SF)
APN
11-28-81- B-002-2
UPID
US18-5550563
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
-
Masters At Art (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$4.08M
Owner & transaction history
Golden Commerce Center LLC · 4 yrs held
Golden Commerce Center LLC
since 2022
Last sale
$4.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.0M
+95.5%
Industrial (general)
$4.4M
+70.3%
Retail stores
$3.9M
+53.8%
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
$4,415,000
ML approach
$4,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,565,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,010,000
Change: +95% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,365,000
Change: +70% · Conversion: Easy
RETAIL STORES
$3,940,000
Change: +54% · Conversion: Moderate
OFFICE BUILDING
$3,445,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,185,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$3,100,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$4.08M
Range $3.67M – $4.49M · ±10% · vs last sale $4.00M (Jun 2 2022)
Last sale anchor
$4.00M
Jun 2 2022
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
$221 / 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
$57,959
Tax year 2023
Assessed value
$2,995,364
Assessed 2023
Previous assessed
$2,995,364
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$492,664
Assessed improvement
$2,502,700
Land market value
$492,664
Improvement market value
$2,502,700
Total market value
$2,995,364
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
18,500 SF
Lot
3.48 ac (151,589 SF)
APN
11-28-81- B-002-2
UPID
US18-5550563
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
WAREHOUSE, STORAGE Current
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1986
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
3.48 ac
Current owner
From public records · entity-resolved
Golden Commerce Center LLC
Entity
Mailing address
2057 DELTA WAY, TALLAHASSEE, FL 32303-4227
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jun 2, 2022
$4,000,000
Golden Commerce Center LLC
Ingshang Liao
Deed
$3,809,200 · Servisfirst Bank
Aug 14, 2019
$100
Liao Family Trust
Liao,ingshang & Yuh-lie
Grant 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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