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Property profile & analytics

1355 Apalachee Pkwy Tallahassee, FL 32301

  • Hotels
  • 75,003 SF
  • 3.26 lot acres
Value Estimation
Location Intelligence
Property ID
US18-3987571
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

  • Wyndham Garden Tallahassee Capitol / Hotel / Inn
  • hotel / Hotel

Property Details for 1355 Apalachee Pkwy

Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
3.26 lot acres
Property size
75,003 SF
Property type
Hotels
APN
11-31-20-448-000-0
APU
1131204480000

Description

This exceptional investment opportunity presents the leasehold interest in a 147-key Wyndham Garden hotel in Tallahassee, Florida. The four-story, 1969-built hotel boasts a prime location near the Florida State Capitol, Florida State University, and Tallahassee Memorial HealthCare. Its convenient proximity also includes the Park Avenue Historic District, Tallahassee Museum, and other key attractions, making it ideal for both business and leisure travelers. The hotel features amenities such as free daily breakfast, high-speed WiFi, and an outdoor pool. A significant value-add opportunity exists with 5,400 square feet of vacant restaurant space (formerly Applebee's) available for lease, presenting potential for increased net operating income. The property sits on a 2.92-acre lot and benefits from a high traffic count on Apalachee Parkway (32,500 vehicles). The hotel has demonstrated strong financial performance, with gross revenues exceeding $2.9 million in both 2022 and 2023. Premium brand rebranding options are also available for the property, further enhancing its investment potential. This is a concrete construction building with an interior corridor. The property is situated 1.9 miles from the Florida State Capitol, 2.4 miles from Florida State University, 1.6 miles from Tallahassee Memorial HealthCare, 2.3 miles from Florida A&M University, 1.9 miles from the Park Avenue Historic District, and 6.9 miles from the Tallahassee Museum. The property also has proximity to the Florida Supreme Court and Capital City Bank Group.

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
-84.2602
Latitude
30.4357
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
$92,015
$1,117,500
$4,282,497
$5,399,997
-
$1,117,500
$4,282,497
$5,399,997
More about this property
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