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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1225 Monroe St Tallahassee, FL 32301-4306

    • Retail space
    • 1,717 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    6.3%
    Retail space
    Location Intelligence
    Property ID
    US18-3750774
    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

    • Stix Pool & Bar / Bar
    • ATM / Atm
    • Quality Insurance Of Tallahassee / Auto Insurance Agency

    Property Details for 1225 Monroe St

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.52 lot acres
    Property size
    1,717 SF
    Property type
    Retail space
    APN
    41-01-20-025-000-0
    APU
    4101200250000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $280,000
      6.5%
      $255,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $219,000
      Market price range: $59.9k - $220k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2803
    Latitude
    30.4317
    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
    $5,413
    $90,604
    $197,548
    $288,152
    -
    $90,604
    $197,548
    $288,152

    Comparable in this City

    • Value Estimation by Request
      428,576 SF

      444 College Ave

      Individual retail properties • 428,576 SF
      444 College Ave, Tallahassee, FL 32301
      View Details
    • Value Estimation
      $440,000
      8,280 SF

      1387 Lafayette St

      RETAIL STORES (PERSONAL SERVICES) • 8,280 SF
      1387 Lafayette St, Tallahassee, FL 32301-4724
      View Details
    • Value Estimation
      $260,000
      1,535 SF

      628 Monroe St

      RETAIL STORES (PERSONAL SERVICES) • 1,535 SF
      628 Monroe St, Tallahassee, FL 32301-1262
      View Details
    • Value Estimation
      $255,000
      2,694 SF

      324 Monroe St

      RETAIL STORES (PERSONAL SERVICES) • 2,694 SF
      324 Monroe St, Tallahassee, FL 32301-7622
      View Details
    • Value Estimation
      $280,000
      2,310 SF

      517 Gaines St

      RETAIL STORES (PERSONAL SERVICES) • 2,310 SF
      517 Gaines St, Tallahassee, FL 32301-2211
      View Details
    • Value Estimation
      $275,000
      4,464 SF

      458 10th St

      RETAIL STORES (PERSONAL SERVICES) • 4,464 SF
      458 10th St, Tallahassee, FL 32301-1026
      View Details

    Similar Nearby for Sale

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      Two buildings with retail, warehouse, and office space available.
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      Retail Space Near FSU

      Retail space for lease near FSU, delivery expected March 2026.
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      Downtown Corner Retail Investment

      Prime corner retail space in downtown Tallahassee, fully leased.
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      4,355 SF

      Retail Property on Apalachee Parkway

      Retail property available for sale on Apalachee Parkway.
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      Prime Retail Spaces in Tallahassee

      Retail and restaurant spaces in a vibrant mixed-use development.
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    Similar Nearby for Lease

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      1,533 SF

      Retail Space on Apalachee Parkway

      Retail spaces available in Tallahassee, Florida shopping center.
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      3,500 SF

      Retail Space Near Downtown Tallahassee

      Retail and restaurant spaces available near downtown and Florida State.
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      View Details
    • $3,000 /Mo
      12,450 SF

      Retail Center Across From Sam's

      Established retail center with high traffic and ample parking.
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      3,167 SF

      Retail Space on Apalachee Pkwy

      Retail space in high-traffic area with established retail footprint.
      2425 Apalachee Pkwy, Tallahassee, FL 32301
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    • 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
    • $12 SF/Yr
      20,000 SF

      Magnolia Park Retail Space Available

      Tallahassee storefront, multiple units, high visibility.
      111 Magnolia Dr, Tallahassee, FL 32301
      View Details
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    1225 Monroe St
    Tallahassee, FL 32301-4306
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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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