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Property profile & analytics
OFF-MARKET
Estimated value
$4,695,000
Hotels
1481 Timberlane Rd Tallahassee, FL 32312-1712
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-3328321
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2020
Construction
WOOD
Total area
72,456 SF
Lot
3.14 ac (136,778 SF)
APN
11-08-51-004-043-0
UPID
US18-3328321
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
-
SpringHill Suites Tallahassee North Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
$4.62M
Blend (final)
Blend
$4.70M
Owner & transaction history
Continental 474 Fund LLC · 7 yrs held
Continental 474 Fund LLC
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+128.9%
Medical building
$6.4M
+96.1%
Retail stores
$6.2M
+89.7%
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%
$5,160,000
6.5%
$4,765,000
7%
$4,425,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,280,000
Current use
RESTAURANT
$7,515,000
Change: +129% · Conversion: Difficult
MEDICAL BUILDING
$6,435,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$6,230,000
Change: +90% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,075,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$4.70M
Range $4.23M – $5.16M · ±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
$65 / 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
$150,570
Tax year 2023
Assessed value
$9,112,137
Assessed 2023
Previous assessed
$7,735,356
+17.8% YoY
Effective rate
1.65%
On assessed value
Assessed land
$1,472,000
Assessed improvement
$7,640,137
Land market value
$1,472,000
Improvement market value
$7,640,137
Total market value
$9,112,137
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
1
Stories
4
Units
128
Total area
72,456 SF
Lot
3.14 ac (136,778 SF)
APN
11-08-51-004-043-0
UPID
US18-3328321
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
HOTEL/MOTEL Current
Est. value
$3.3M
RESTAURANT
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.4M
RETAIL STORES
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
HOTEL/MOTEL Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2020
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Buildings
1
Units
128
Lot
3.14 ac
Current owner
From public records · entity-resolved
Continental 474 Fund LLC
Entity
Free & Clear · 7 yrs held
Mailing address
134TH EXECUTIVE PKWY, MENOMONEE FALLS, WI 53051-3310
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2019
$2,000,000
Continental 474 Fund LLC
Lg Thomasvillie And Timberlane LLC
Special Warranty Deed
—
Jan 21, 2016
$2,360,000
Lg Thomasville & Timberlane Ll
Sixmotel LLC
Grant Deed
$7,400,000 · Usameribank
Sep 14, 2011
$1,490,000
Sixmotel LLC
Motel 6 Operating LP
Grant 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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