Financial
Distress signals
Property profile

1403 Maclay Commerce Dr Tallahassee, FL 32312

FOR LEASE
Office buildings
Property ID
US18-4690487
2,550 SF 0.32 ac lot Built 1986
Last sale Mar 2006 · $305,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial duplex building configured as two separate ownership units. The building fronts a municipal park associated with an existing placemaking initiative. The total building size is approximately 2,550 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$271k
Assessed land$51k
Assessed improvement$220k
Effective rate1.68%

Value estimate

· Sep 2026
$305k
$275k – $336k
AI approach$305k
NOI build-up
Gross scheduled income$77k
Vacancy & credit loss−$6k
Operating expenses−$21k
NOI · 247,670.00% cap applied$50k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$169/SF
Submarket average, outlier-cleaned · 372 recorded sales of this use type
Observed band · Q1–Q3$112 – $247
Qualifying comparables5

Cap rate analysis

How does the asset earn?
247,670.00%
$50k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLEON

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.7
Grocery Store9.7
Parking Facility9.3

Location

1403 Maclay Commerce Dr Tallahassee, FL 32312
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1394 Timberlane, Tallahassee, FL 32312-1766 $550,000 Dec 2024 2,193 SF
1268 Timberlane, Tallahassee, FL 32312-1792 $580,000 Apr 2024 2,108 SF
7118 Beech Rdg, Tallahassee, FL 32312-3642 $465,000 May 2023 2,539 SF
7117 Beech Rdg, Tallahassee, FL 32312-3609 $650,000 Aug 2022 3,749 SF
1334 Timberlane, Tallahassee, FL 32312-1766 $432,000 Dec 2019 3,704 SF
1390 Timberlane, Tallahassee, FL 32312-1766 $415,000 Oct 2018 3,275 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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