Technical
Financial
Distress signals
Property profile

116 College Ave A Tallahassee, FL 32301

OFF-MARKET
Office buildings
Property ID
US18-3196971
25,469 SF 0.16 ac lot Built 1986
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1986
Construction FRAME
Total area 25,469 SF
Lot 0.16 ac (6,970 SF)
APN 21-36-25-178-162-0
UPID US18-3196971

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Electronics & Wireless Store Auto Parts Store

Location

116 College Ave, Unit A Tallahassee, FL 32301-7704
Tallahassee metro Census 200 TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.75M
CAP Approach CAP
$5.14M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.58M

Owner & transaction history

since 2023
Last sale
$6.6M
3 recorded transactions
2023
$6.6M
2004
$750,000
2004
$183,300

Zoning & alternative use

Top alternative use upside
Restaurant $9.7M +103.8%
Neighborhood: shopping center $6.9M +45.5%
Industrial (general) $6.0M +26.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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