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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Medical Office Space
1401 Miccosukee Rd Tallahassee, FL 32308-5171
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-1125086
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
FRAME
Total area
6,640 SF
Lot
0.54 ac (23,522 SF)
APN
11-30-22- A-017-0
UPID
US18-1125086
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
-
Pharmacy at TMH Medical Clinic
-
Inspired by Love of N. FL, Inc Charitable Organization Social Service Agency
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.15M
Owner & transaction history
Tallahassee Mem Healthcare INC · 7 yrs held
Tallahassee Mem Healthcare INC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.9M
+68.3%
Restaurant
$1.7M
+49.8%
Industrial (general)
$1.6M
+40.9%
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%
$1,310,000
6.5%
$1,210,000
7%
$1,125,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,110,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,870,000
Change: +68% · Conversion: Difficult
RESTAURANT
$1,665,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,565,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,415,000
Change: +27% · Conversion: Easy
RETAIL STORES
$1,415,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$1,095,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±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
$173 / 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
Assessed value
$1,176,937
Assessed 2023
Previous assessed
$874,882
+34.5% YoY
Assessed land
$212,146
Assessed improvement
$964,791
Land market value
$212,146
Improvement market value
$964,791
Total market value
$1,176,937
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Total area
6,640 SF
Lot
0.54 ac (23,522 SF)
APN
11-30-22- A-017-0
UPID
US18-1125086
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
MEDICAL BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RESTAURANT
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE 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
1991
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Tallahassee Mem Healthcare INC
Entity
Free & Clear · 7 yrs held
Mailing address
1300 MICCOSUKEE RD, TALLAHASSEE, FL 32308-5054
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2019
$1,300,000
Tallahassee Mem Healthcare INC
Vereit Real Estate LP
Grant Deed
—
Apr 17, 2013
$2,997,300
Arc Sbtlefl001 LLC
Inland American St Florida Por
Grant Deed
—
Jan 16, 2013
—
Inland American St Florida Por
—
Deed Of Trust
related
$36,151,235 · Parkway Bank & Trust Co
Jan 8, 2008
—
Inland American Stflorida Port
—
Deed Of Trust
related
$36,651,173 · Parkway Bank & Trust Co
Dec 3, 2007
—
Stflorida Portfolio II LLC
Suntrust Bank
Grant Deed
—
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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