Property profile

1215 Monroe St Tallahassee, FL 32301

OFF-MARKET
Industrial properties
Property ID
US18-2682728
8,550 SF 1.09 ac lot Built 1957
Individually Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1957
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,550 SF
Lot 1.09 ac (47,480 SF)
APN 41-01-20-024-000-0
UPID US18-2682728

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
  • (Bike/Boat/Book/etc) Store
  • Auto Repair Shop Motorcycle Shop
  • Auto Parts Store (Bike/Boat/Book/etc) Store

Location

1215 Monroe St Tallahassee, FL 32301-4306
Tallahassee metro Census 400 TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.25M
Comparable Approach Comparable
$1.01M
Blend (final) Blend
$300k

Owner & transaction history

since 2018
7 recorded transactions
2023
Price N/A
2018
Price N/A
2016
Price N/A
2012
$350,000
2012
$200,000
2001
$230,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.6M +8.1%

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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