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Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Distribution centers
1290 Capital Cir Ne Ste A Tallahassee, FL 32301-3545
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4499345
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Construction
FRAME
Total area
22,500 SF
Lot
1.79 ac (78,147 SF)
APN
11-28-81- B-001-0
UPID
US18-4499345
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.90M
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$2.90M
Owner & transaction history
Capital Circle Partners LLC · 2 yrs held
Capital Circle Partners LLC
since 2024
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.8M
+53.8%
Office building
$4.2M
+34.4%
Commercial (general)
$3.9M
+24.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tallahassee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tallahassee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,900,000
ML approach
$2,900,000
CAP Approach
CAP Return
Estimation
6%
$2,920,000
6.5%
$2,700,000
7%
$2,505,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,115,000
Current use
RETAIL STORES
$4,795,000
Change: +54% · Conversion: Moderate
OFFICE BUILDING
$4,190,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,875,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$3,770,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$2.90M
Range $2.61M – $3.19M · ±10% · vs last sale $2.90M (Jan 16 2024)
Last sale anchor
$2.90M
Jan 16 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$129 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,190
Tax year 2023
Assessed value
$1,250,136
Assessed 2023
Previous assessed
$777,992
+60.7% YoY
Effective rate
1.93%
On assessed value
Assessed land
$449,345
Assessed improvement
$800,791
Land market value
$449,345
Improvement market value
$800,791
Total market value
$1,250,136
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Total area
22,500 SF
Lot
1.79 ac (78,147 SF)
APN
11-28-81- B-001-0
UPID
US18-4499345
Jurisdiction
LEON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.1M
RETAIL STORES
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Capital Circle Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1400 VLG SQ BLVD STE #3, TALLAHASSEE, FL 32312-1231
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2024
$2,900,000
Capital Circle Partners LLC
1290 Capital Circle LLC
Warranty Deed
—
Oct 10, 2022
$1,750,000
1290 Capital Circle LLC
T2k Fregly LLC
Special Warranty Deed
$1,140,000 · Fieldpoint Private Bank And Trust
Dec 17, 2020
$715,000
Gcn Distributors LLC
Catherine S Ferrell L Trust
Grant Deed
—
Jul 16, 2002
$875,000
T2k Fregly LLC
Desantis,peter
Grant Deed
$800,000 · Tallahassee State Bank
—
—
Peter A Desantis
—
Deed Of Trust
related
$125,188 · Thomasville National Bank
—
—
Peter Desantis
—
Deed Of Trust
related
$2,129,383 · Thomasville National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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