Financial
Distress signals
Property profile

113 Monroe St Unit 1ST 1st Tallahassee, FL 32301

FOR LEASE
Office buildings
Property ID
US18-6129244
2,128 SF 0.43 ac lot Built 2011
Last sale Nov 2023 · $550,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional 9,000 square foot Class A office condo, located at 113 S Monroe St in Tallahassee, Florida, presents a compelling value-add investment opportunity. Built in 2009, the single-story building features a modern design and efficient floor plan, situated on a highly visible and accessible location in the heart of downtown Tallahassee. Currently leased to a single tenant under a gross lease agreement until September 30, 2029, with a remaining lease term of approximately 4.9 years,

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$415k
Assessed land$118k
Assessed improvement$297k
Effective rate1.98%

Value estimate

· Sep 2026
$310k
$279k – $341k
AI approach$310k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$186/SF
ZIP average, outlier-cleaned · 92 recorded sales of this use type
Observed band · Q1–Q3$120 – $316
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLEON

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office15.3
HVAC Service10.8
Carpet & Flooring Store9.5

Location

113 Monroe St Unit 1ST, Unit 1st Tallahassee, FL 32301
County assessor Recorded deeds · 4 transfers 9 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
212 Ofc Plz, Tallahassee, FL 32301-2808 $400,000 Mar 2025 2,482 SF
413 Park, Tallahassee, FL 32301-1515 $1,100,000 Jan 2025 2,942 SF
527 Park, Tallahassee, FL 32301-2524 $550,000 Oct 2024 2,784 SF
506 Monroe, Tallahassee, FL 32301-1260 $1,550,000 Sep 2024 1,680 SF
411 Calhoun, Tallahassee, FL 32301-1229 $472,500 Aug 2024 2,252 SF
132 Salem, Tallahassee, FL 32301-2810 $144,000 May 2024 1,519 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message