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Property profile & analytics
OFF-MARKET
Estimated value
$4,045,000
Community centers
1425 Vlg Sq Blvd Ste 2 Tallahassee, FL 32312-1272
Entity Owned
~
Est. High Equity
Property ID
US19-0387179
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1993
Construction
FRAME
Total area
25,638 SF
Lot
1.75 ac (76,317 SF)
APN
11-05-30-000-002-0
UPID
US19-0387179
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.51M
Comparable Approach
Comparable
$4.48M
Blend (final)
Blend
$4.05M
Owner & transaction history
1425 Village Sq LLC
1425 Village Sq LLC
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$4,880,000
6.5%
$4,505,000
7%
$4,185,000
Alternative Use
Use
Estimation
RESTAURANT
$6,435,000
Change: -11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,050,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.05M
Range $3.64M – $4.45M · ±10% · vs last sale $3.60M (Jun 16 2025)
Last sale anchor
$3.60M
Jun 16 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
$158 / 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
$24,052
Tax year 2023
Assessed value
$2,260,057
Assessed 2023
Previous assessed
$2,203,372
+2.6% YoY
Effective rate
1.06%
On assessed value
Assessed land
$553,298
Assessed improvement
$1,706,759
Land market value
$553,298
Improvement market value
$1,706,759
Total market value
$2,260,057
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1993
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
25,638 SF
Lot
1.75 ac (76,317 SF)
APN
11-05-30-000-002-0
UPID
US19-0387179
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
RESTAURANT
Est. value
$6.4M
INDUSTRIAL (GENERAL)
Est. value
$6.1M
RESTAURANT
INDUSTRIAL (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
1993
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
1425 Village Sq LLC
Entity
Mailing address
1300 MICCOSUKEE RD, TALLAHASSEE, FL 32308-5054
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2025
$3,600,000
1425 Village Sq LLC
Tallahassee Memorial Healthcare INC
Special Warranty Deed
—
Jul 15, 2019
—
3500 Financial Plaza LLC
—
Deed
related
$19,550,000 · Tiaa Fsb
Apr 23, 2010
—
Bacm 2005-6 Corner View LLC
King Rental Props II L Coc
Trustees Deed
related
—
Apr 27, 2005
—
King Rental Properties II LLC
King,todd & Eleni
Quit Claim Deed
related
—
Sep 10, 2004
—
Todd King
—
Trustees Deed
related
$600,000 · Wakulla Bank
—
—
King Rental Properties II LLC
—
Deed Of Trust
related
$850,000 · Wakulla Bank
—
—
King Rental Properties II LLC
—
Deed Of Trust
related
$169,548 · Premier Bank
—
—
Todd King
—
Deed Of Trust
related
$112,261 · Wakulla 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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