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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Community centers
1457 Old Saint Augustine Rd 1 Tallahassee, FL 32301-4780
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4150041
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1984
Construction
FRAME
Total area
4,089 SF
Lot
0.48 ac (20,909 SF)
APN
31-05-50- P-001-0
UPID
US18-4150041
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
$635k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$474k
Blend (final)
Blend
$620k
Owner & transaction history
The Luxi Plaza LLC · 2 yrs held
The Luxi Plaza LLC
since 2023
Last sale
$600,000
4 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
$690,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$665,000
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $600k (Sep 14 2023)
Last sale anchor
$600k
Sep 14 2023
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
$152 / 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
$5,661
Tax year 2023
Assessed value
$293,988
Assessed 2023
Previous assessed
$265,456
+10.7% YoY
Effective rate
1.93%
On assessed value
Assessed land
$73,182
Assessed improvement
$220,806
Land market value
$73,182
Improvement market value
$220,806
Total market value
$293,988
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
1984
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
4,089 SF
Lot
0.48 ac (20,909 SF)
APN
31-05-50- P-001-0
UPID
US18-4150041
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
Building & site characteristics
From public records
Year built
1984
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
The Luxi Plaza LLC
Entity
Mailing address
441 HIGH PT LN, TALLAHASSEE, FL 32301-3443
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2023
$600,000
The Luxi Plaza LLC
Mahan Investments INC
Warranty Deed
$500,000 · Prime Meridian Bank
Jun 29, 2021
$163,000
Timothy Lee Mcgann
Thomas A Rose
Warranty Deed
$154,850 · Loandepot.com LLC
Mar 28, 2013
$297,500
Mahan Investments INC
Sbh Properties LLC
Warranty Deed
—
Nov 15, 2005
$76,700
Sbh Properties LLC
Healy,sara B
Warranty 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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