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    Property profile & analytics

    Thomasville Rd Tallahassee, FL 32312

    • Land
    • 0.51 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Thomasville Rd

    Lot size
    0.51 lot acres
    Property type
    Land

    Description

    Eight commercial land parcels are available in Tallahassee, Florida, ranging from 0.51 to 10.5 acres. Located on Thomasville Road (Highway 319), these properties offer exceptional visibility and accessibility, situated at the entrance to the 155-acre Bradford Hills mixed-use development. This development will include a luxury apartment complex, a 160-bed assisted/independent living facility, townhomes, and over 20 acres of retail and professional office space. The location benefits from its proximity to Lawton Chiles High School, a top-rated high school, and is surrounded by high-end residential and commercial properties. Existing nearby businesses include Publix, Target, Chick-fil-A, Wendy's, Zaxby's, Walgreens, and numerous other retail and restaurant establishments. Individual parcel sizes and pricing vary

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2115
    Latitude
    30.5681

    Comparable in this City

    • Value Estimation by Request
      1.65 Acres

      Thomasville Rd. And Timberwolf Xing

      Land • 1.65 Acres
      0 Thomasville Rd. And Timberwolf Xing, Centerville, FL 32312
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    • Value Estimation by Request
      0.89 Acres

      2918 Callaway Rd

      Land • 0.89 Acres
      2918 Callaway Rd, Tallahassee, FL 32312
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    • Value Estimation by Request
      0.07 Acres

      3 & 4 Xxxx Kerry Frst Pkwy

      Land • 0.07 Acres
      3 & 4 Xxxx Kerry Frst Pkwy, Tallahassee, FL 32312
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    • Value Estimation by Request
      6.08 Acres

      Two Pond Ln

      Land • 6.08 Acres
      0 Two Pond Ln, Tallahassee, FL 32312
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    • Value Estimation by Request
      1,785 SF

      2818 Lakeshore Dr

      Commercial real estate • 1,785 SF
      2818 Lakeshore Dr, Tallahassee, FL 32312
      View Details
    • Value Estimation
      $720,000
      1.31 Acres

      Bannerman Rd

      VACANT COMMERCIAL LAND • 1.31 Acres
      Bannerman Rd, Tallahassee, FL 32312
      View Details

    Similar Nearby for Sale

    • $1,500,000
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      N. Monroe & I-10 Prime Commercial Land

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    • $6,500,000
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      89-Acre Cemetery Development Opportunity

      Prime land for cemetery development in North Tallahassee.
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    • $1,019,000
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      7.49 Acres on Thomasville Road

      7.49 acres suitable for church, residences, or development.
      Thomasville Rd, Tallahassee, FL 32312
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    • $215,000
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      Prime Tallahassee Commercial Lot

      .07-Acre Office Lot, Excellent Visibility
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    • Contact for pricing
      0.51 Acres

      Bradford Hills Commercial Land

      Prime Tallahassee commercial lots.
      0 Thomasville Rd, Tallahassee, FL 32312
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    • $500,000
      7.50 Acres

      7.5 Acres Near Meridian Road

      7.5 acres of wooded land near N Meridian Road.
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    Similar Nearby for Lease

    • $145,000
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      Tallahassee Commercial Land Opportunity

      Prime Tallahassee location, two lots available.
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      8,600 SF

      REI-Anchored Shopping Center For Rent

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      1,272 SF

      Renovated Condo in Barrington Park

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    • $23 SF/Yr
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      Persimmon Hill Retail & Office Space

      Class A retail/office suites available in Tallahassee.
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    • $18 SF/Yr
      2,200 SF

      Office Space in Bradfordville

      Office space for lease in a growing Tallahassee area.
      8511 Bull Headley Rd, Tallahassee, FL 32312
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    • Contact for pricing
      1,360 SF

      Retail Space on Thomasville Road

      Retail space with high visibility and accessibility near I-10.
      1380-1400 Village Square Blvd, Tallahassee, FL 32312
      View Details
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    Thomasville Rd
    Tallahassee, FL 32312
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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