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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Office buildings
1424 Piedmont E Dr 1 Tallahassee, FL 32308-7956
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-3773914
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD
Total area
9,080 SF
Lot
0.98 ac (42,689 SF)
APN
11-08-25- A-006-0
UPID
US18-3773914
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
-
Mang Law & Title Title Company
-
Independent Funeral Directors of Florida Association / Organization
-
Quick Fix Septic General Contractor
-
Mead & Hunt Engineering Consultant Architecture Firm
-
Florida Pregnancy Care Network Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.24M
Owner & transaction history
Rtj Legacy Holdings LLC
Rtj Legacy Holdings LLC
since 2025
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+29.3%
Retail stores
$1.9M
+29.2%
Medical building
$1.5M
+1.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,495,000
Current use
COMMERCIAL (GENERAL)
$1,935,000
Change: +29% · Conversion: Easy
RETAIL STORES
$1,935,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$1,520,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.20M (Dec 4 2025)
Last sale anchor
$1.20M
Dec 4 2025
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
$136 / 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
$17,145
Tax year 2023
Assessed value
$886,046
Assessed 2023
Previous assessed
$901,269
-1.7% YoY
Effective rate
1.94%
On assessed value
Assessed land
$320,160
Assessed improvement
$565,886
Land market value
$320,160
Improvement market value
$565,886
Total market value
$886,046
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Total area
9,080 SF
Lot
0.98 ac (42,689 SF)
APN
11-08-25- A-006-0
UPID
US18-3773914
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
OFFICE BUILDING Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1994
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Rtj Legacy Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1831 N BELCHER RD STE G3, CLEARWATER, FL 33765-1453
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
$1,200,000
Rtj Legacy Holdings LLC
Falky Enterprises INC
Warranty Deed
—
Apr 27, 2017
—
Hillside Four LLC
—
Deed
related
$150,000 · Sunshine Cmnty Bk
Nov 24, 2014
$1,100,000
Falky Enterprises LLC
The Calvary Corporation
Warranty Deed
$880,000 · Sunshine Savings Bank
Dec 7, 2010
$950,000
Calvary Corp
Smv Properties LLP
Warranty Deed
$712,500 · Intervest National Bank
Jun 9, 2004
$1,065,000
Smv Properties LLP
Wadsworth,murray M
Grant Deed
$905,250 · Bank Of Tampa
—
—
Hillside Four LLC
—
Loan Modification
related
$150,000 · Sunshine Cmnty Bk
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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