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    1498 Apalachee Pkwy Tallahassee, FL 32301-3004

    • Hotels
    • 445,743 SF
    • 51.93 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-4649535
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chipotle Mexican Grill / Mexican Restaurant / Caterer

    Property Details for 1498 Apalachee Pkwy

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    51.93 lot acres
    Property size
    445,743 SF
    Property type
    Hotels
    APN
    11-32-20-408-000-0
    APU
    1132204080000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2533
    Latitude
    30.4362
    CBSA code
    45220
    CBSA name
    TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $724,730
    $4,778,625
    $32,692,418
    $37,471,043
    -
    $4,778,625
    $32,692,418
    $37,471,043

    Comparable in this City

    • Value Estimation by Request
      41,862 SF

      2814 Apalachee Pkwy

      HOTEL • 41,862 SF
      2814 Apalachee Pkwy, Tallahassee, FL 32301-3608
      View Details
    • Value Estimation by Request
      40,518 SF

      2979 Apalachee Pkwy

      HOTEL • 40,518 SF
      2979 Apalachee Pkwy, Tallahassee, FL 32301-3679
      View Details
    • Value Estimation by Request
      64,501 SF

      2987 Apalachee Pkwy

      HOTEL • 64,501 SF
      2987 Apalachee Pkwy, Tallahassee, FL 32301-3679
      View Details
    • Value Estimation by Request
      82,522 SF

      200 Monroe St

      HOTEL • 82,522 SF
      200 Monroe St, Tallahassee, FL 32301-7636
      View Details
    • Value Estimation by Request
      83,225 SF

      1018 Apalachee Pkwy

      HOTEL • 83,225 SF
      1018 Apalachee Pkwy, Tallahassee, FL 32301-4540
      View Details
    • Value Estimation by Request
      34,615 SF

      1026 Apalachee Pkwy

      HOTEL • 34,615 SF
      1026 Apalachee Pkwy, Tallahassee, FL 32301-4540
      View Details

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    Property Visit Statistics

    • Visits by month
      7.0k
    • Visitors by month
      5.8k
    • Avg Time on site
      26 min
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    Tallahassee, FL 32301-3004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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