Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    118 Monroe St Tallahassee, FL 32301-1530

    • Parking lots & garages
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US18-0816462
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tallahassee Magazine / Publisher / Graphic Designer
    • Emerald Coast Magazine / Publisher
    • Terri Tylene Harris, Boulos Homes LLC / Real Estate Agent
    • Webber & Terman Insurance / Health Insurance Agency
    • Agente de Seguros Tallahassee-Cathe Suarez / Health Insurance Agency

    Property Details for 118 Monroe St

    Year built
    1930
    Lot size
    0.15 lot acres
    Property type
    Parking lots & garages
    APN
    21-36-25-178-163-5
    APU
    2136251781635

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $360,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $385,000
      Mixed-Use
      $355,000
      Hospitality
      $295,000
      Educational
      $310,000
      Residential Income
      $300,000
      Energy
      $300,000
      Income-Based Land
      $305,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2811
    Latitude
    30.4411
    CBSA code
    45220
    CBSA name
    TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,762
    $329,314
    $3,000
    $332,314
    -
    $329,314
    $3,000
    $332,314

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      2916 Park Ave

      PARKING LOT • 0.19 Acres
      2916 Park Ave, Tallahassee, FL 32301-3468
      View Details
    • Value Estimation by Request
      0.39 Acres

      Carolina St

      PARKING LOT • 0.39 Acres
      Carolina St, Tallahassee, FL 32301
      View Details
    • Value Estimation by Request
      0.04 Acres

      118 Gadsden St

      PARKING LOT • 0.04 Acres
      118 Gadsden St, Tallahassee, FL 32301
      View Details
    • Value Estimation by Request
      0.09 Acres

      Brevard St

      PARKING LOT • 0.09 Acres
      Brevard St, Tallahassee, FL 32301
      View Details
    • Value Estimation by Request
      0.41 Acres

      217 Monroe St

      PARKING LOT • 0.41 Acres
      217 Monroe St, Tallahassee, FL 32301-7619
      View Details
    • Value Estimation by Request
      0.19 Acres

      Adams St

      PARKING LOT • 0.19 Acres
      Adams St, Tallahassee, FL 32301
      View Details

    Similar Nearby for Sale

    • $699,000
      12 SF

      12,400 SF Warehouse Building

      Spacious warehouse with multiple uses in South Tallahassee.
      3434 Monroe St, Tallahassee, FL 32301
      View Details
    • $589,000
      0.17 Acres

      Tallahassee Commercial Building For Sale

      Two-story commercial building in Tallahassee, offering investment or owner-user opportunity.
      1355 E Lafayette St, Tallahassee, FL 32301
      View Details
    • $725,000
      0.22 Acres

      Downtown Tallahassee Mixed-Use Building

      Mixed-use building with retail, office, and warehouse space in downtown.
      227 E Palmer Ave, Tallahassee, FL 32301
      View Details
    • Contact for pricing
      13,694 SF

      Prime Retail Spaces in Tallahassee

      Retail and restaurant spaces in a vibrant mixed-use development.
      440 N Monroe St, Tallahassee, FL 32301
      View Details
    • $1,200,000
      0.38 Acres

      Renovated Downtown Tallahassee Brick Building

      Meticulously renovated property in downtown Tallahassee with flexible OR-3 zoning.
      1202 E Park Ave, Tallahassee, FL 32301
      View Details
    • $1,636,500
      2,616 SF

      Renovated Retail Space For Sale

      Recently renovated retail space in a bustling Tallahassee commercial area.
      2870 Apalachee Pkwy, Tallahassee, FL 32301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      244,947 SF

      Governors Marketplace: Prime Tallahassee Office

      Class A Office Space, High Visibility, Ample Parking
      1654 Governors Square Blvd, Tallahassee, FL 32301
      View Details
    • Contact for pricing
      3,167 SF

      Retail Space on Apalachee Pkwy

      Retail space in high-traffic area with established retail footprint.
      2425 Apalachee Pkwy, Tallahassee, FL 32301
      View Details
    • $26 SF/Yr
      5,400 SF

      Restaurant Space in Tallahassee, Florida

      Second-generation restaurant space with high visibility on Apalachee Parkway.
      1355 Apalachee Pkwy, Tallahassee, FL 32301
      View Details
    • $18 SF/Yr
      3,000 SF

      Tallahassee Retail Space - 3,000 SF

      High-traffic location, drive-thru available.
      2727 Apalachee Pkwy, Tallahassee, FL 32301
      View Details
    • Contact for pricing
      1,800 SF

      Magnolia Drive Retail Opportunity

      Retail and restaurant spaces available near downtown Tallahassee and FSU.
      218 S Magnolia Dr, Tallahassee, FL 32301
      View Details
    • $18 SF/Yr
      2,400 SF

      Tallahassee Retail Space Available

      High-traffic location, 2400 sq ft, drive-thru option.
      2727 Apalachee Pkwy, Tallahassee, FL 32301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    118 Monroe St
    Tallahassee, FL 32301-1530
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.