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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Turn key restaurants
1465 Capital NW Cir Tallahassee, FL 32303-1170
Entity Owned
~
Est. High Equity
Property ID
US18-3799626
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Construction
FRAME
Total area
14,430 SF
Lot
4.98 ac (216,711 SF)
APN
21-20-20-686-000-0
UPID
US18-3799626
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
-
Mazda Service Department Auto Repair Shop
-
Gem Mazda of Tallahassee Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.09M
Owner & transaction history
Sig Gal LLC
Sig Gal LLC
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.4M
+34.4%
Retail stores
$3.1M
+21.4%
Commercial (general)
$2.6M
+1.7%
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
RESTAURANT
$2,535,000
Current use
INDUSTRIAL (GENERAL)
$3,405,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$3,075,000
Change: +21% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,575,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$2,415,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$2,380,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±10%
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
$144 / 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
$44,882
Tax year 2023
Assessed value
$2,319,547
Assessed 2023
Previous assessed
$2,174,419
+6.7% YoY
Effective rate
1.93%
On assessed value
Assessed land
$1,040,213
Assessed improvement
$1,279,334
Land market value
$1,040,213
Improvement market value
$1,279,334
Total market value
$2,319,547
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
14,430 SF
Lot
4.98 ac (216,711 SF)
APN
21-20-20-686-000-0
UPID
US18-3799626
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 Current
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.4M
RESTAURANT Current
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE 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
2007
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
4.98 ac
Current owner
From public records · entity-resolved
Sig Gal LLC
Entity
Mailing address
1465 CAPITAL CIR NW, TALLAHASSEE, FL 32303-1170
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 30, 2025
—
Sig Gal LLC
Signature Art Gallery INC
Deed
related
—
Feb 19, 2025
—
Ramshorn Holdings LLC
Wondergem INC
Warranty Deed
—
Jan 9, 2006
$1,100,000
Wondergem INC
Venture East INC
Warranty Deed
—
Oct 11, 2005
$968,000
Venture East INC
Palm Harbor Homes INC
Grant Deed
$650,000 · Farmers & Merchants Bk & Tr
—
—
Wondergem INC
—
Loan Modification
related
—
—
—
Wondergem INC
—
Deed Of Trust
related
$1,975,000 · Regions 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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