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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Retail space
1387 Lafayette St Tallahassee, FL 32301-4724
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3434181
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,280 SF
Lot
0.93 ac (40,424 SF)
APN
31-05-50- H-013-0
UPID
US18-3434181
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
Current use
Occupant on record · Public records
-
Awards4U (Bike/Boat/Book/etc) Store
-
Awards4U Corporate Office (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.36M
Owner & transaction history
Samuel Greer Varn · 3 yrs held
Samuel Greer Varn
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+27.1%
Industrial (general)
$2.0M
+10.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,340,000
6.5%
$1,235,000
7%
$1,150,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,765,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,240,000
Change: +27% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,955,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$1,540,000
Change: -13% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,425,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10%
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
$164 / 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
$26,012
Tax year 2023
Assessed value
$1,344,308
Assessed 2023
Previous assessed
$1,308,196
+2.8% YoY
Effective rate
1.93%
On assessed value
Assessed land
$198,013
Assessed improvement
$1,146,295
Land market value
$198,013
Improvement market value
$1,146,295
Total market value
$1,344,308
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
8,280 SF
Lot
0.93 ac (40,424 SF)
APN
31-05-50- H-013-0
UPID
US18-3434181
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
RETAIL STORES Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.93 ac
Current owner
From public records · entity-resolved
Samuel Greer Varn
Individual
Mailing address
8244 DANCING SHADOW CT, TALLAHASSEE, FL 32312-6832
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
—
Samuel Greer Varn
Samuel Greer Varn
Intrafamily Transfer
related
—
Oct 30, 2003
—
Samuel G Varn
—
Trustees Deed
related
$860,000 · Capital City Bank
—
—
Samuel G Varn
—
Deed Of Trust
related
$1,252,000 · Tallahassee St Bk
—
—
Samuel G Varn
—
Deed Of Trust
related
$375,000 · Premier Bank
—
—
Samuel G Varn
—
Deed Of Trust
related
$100,000 · Capital City Bank
—
—
Samuel G Varn
—
Deed Of Trust
related
$1,009,000 · Capital City Bank
—
—
Samuel G Varn
—
Deed Of Trust
related
$365,000 · Capital City Bank
—
—
Samuel G Varn
—
Deed Of Trust
related
$825,000 · Premier 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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