Technical
Financial
Distress signals
Property profile

1407 Lafayette St Tallahassee, FL 32301

OFF-MARKET
Medical Office Space
Property ID
US18-2654170
8,960 SF 1.29 ac lot Built 1994
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,960 SF
Lot 1.29 ac (56,192 SF)
APN 31-05-50- I-001-0
UPID US18-2654170

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Home Inspector Water Damage Restoration Service

Location

1407 Lafayette St Tallahassee, FL 32301-4747
Tallahassee metro Census 302 TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.75M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.05M
Blend (final) Blend
$4.80M

Owner & transaction history

since 2021
Last sale
$3.6M
2 recorded transactions
2021
$3.6M
2020
$1.6M

Zoning & alternative use

Top alternative use upside
Restaurant $3.4M +126.5%
Neighborhood: shopping center $2.4M +61.7%
Industrial (general) $2.1M +40.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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