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    Property profile & analytics

    123 5th Ave Tallahassee, FL 32303-6122

    • Turn key restaurants
    • 5,810 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $530,000
    Location Intelligence
    Property ID
    US18-5111064
    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

    • Bella Bella / Italian Restaurant / Restaurant

    Property Details for 123 5th Ave

    Year built
    1959
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.19 lot acres
    Property size
    5,810 SF
    Property type
    Turn key restaurants
    APN
    21-25-45-000-128-0
    APU
    2125450001280

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2811
    Latitude
    30.4546
    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
    $10,101
    $68,794
    $453,242
    $522,036
    -
    $68,794
    $453,242
    $522,036

    Comparable in this City

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      1851 M L King Jr Blvd

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      3,075 SF

      2329 Monroe St

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    • Value Estimation
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      2698 Monroe St

      RESTAURANT • 15,184 SF
      2698 Monroe St, Tallahassee, FL 32303-4028
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    • Value Estimation
      $265,000
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      4806 Jackson Cv Rd

      RESTAURANT • 1,192 SF
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    • Value Estimation
      $215,000
      6,250 SF

      4808 Woodlane Cir

      RESTAURANT • 6,250 SF
      4808 Woodlane Cir, Tallahassee, FL 32303-6808
      View Details

    Similar Nearby for Sale

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      70,000 SF

      Turnkey Restaurant in Tallahassee

      Restaurant with dedicated clientele, fully built kitchen, ample parking.
      3840 N Monroe St Suite, Tallahassee, FL 32303
      View Details
    • $700,000
      70,000 SF

      Turnkey Restaurant at Highway Intersection

      Restaurant with high-grade kitchen, ample parking, and high traffic volume.
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    • $1,100,000
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      Tallahassee Multi-Tenant Retail Building

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    • $1,300,000
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      Prime Tallahassee Retail Investment Opportunity

      4,846 SF former restaurant building near Florida State University.
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    • $899,000
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      Restaurant Property on 1.56 Acres

      2,395 SF restaurant on 1.56 acres in Tallahassee, Florida.
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    • $510,000
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      Tallahassee Commercial Property with Parking

      Commercial property in Tallahassee, FL with parking and patio.
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    Similar Nearby for Lease

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    • $52 SF/Yr
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    • $23 SF/Yr

      Restaurant Space with Outdoor Patio

      Restaurant space for lease with excellent visibility and ample parking.
      1303 S Monroe St, Tallahassee, FL 32303
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    • $20 SF/Yr
      21,853 SF

      Midtown Tallahassee Retail Space

      Prime Restaurant Space Available, 1,448-4,515 SF
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    • Contact for pricing
      5,000 SF

      Retail/Restaurant Space For Rent

      Retail or restaurant space in a high-traffic location.
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    • $12 SF/Yr
      561,797 SF

      Tallahassee Retail Center Investment Opportunity

      Prime Retail Space, 9 Units Available
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      View Details

    Property Visit Statistics

    • Visits by month
      6.8k
    • Visitors by month
      6.5k
    • Avg Time on site
      12 min
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    123 5th Ave
    Tallahassee, FL 32303-6122
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    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
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