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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Office buildings
1558 Vlg Sq Blvd Tallahassee, FL 32309-2748
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US19-0601061
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
WOOD
Total area
9,367 SF
Lot
0.63 ac (27,443 SF)
APN
11-05-20-402-002-0
UPID
US19-0601061
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
-
Andrews Crabtree Knox & Longfellow, LLP Law Firm
-
Tetra Tech Engineering Consultant Environmental Consultant
-
Longfellow Joe Law Firm
-
Mabile III William R Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.68M
Owner & transaction history
Acka Investments LLC · 11 yrs held
Acka Investments LLC
since 2015
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.6M
+42.8%
Restaurant
$2.4M
+27.1%
Commercial (general)
$2.0M
+8.0%
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%
$2,045,000
6.5%
$1,890,000
7%
$1,755,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,850,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,640,000
Change: +43% · Conversion: Difficult
RESTAURANT
$2,350,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,995,000
Change: +8% · Conversion: Easy
RETAIL STORES
$1,995,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$1,570,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±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
$179 / 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
$19,965
Tax year 2023
Assessed value
$1,031,801
Assessed 2023
Previous assessed
$1,023,142
+0.8% YoY
Effective rate
1.93%
On assessed value
Assessed land
$248,226
Assessed improvement
$783,575
Land market value
$248,226
Improvement market value
$783,575
Total market value
$1,031,801
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
9,367 SF
Lot
0.63 ac (27,443 SF)
APN
11-05-20-402-002-0
UPID
US19-0601061
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
OFFICE BUILDING Current
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
RESTAURANT
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
2003
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Acka Investments LLC
Entity
Mailing address
1558 VLG SQ BLVD #1, TALLAHASSEE, FL 32309-2748
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Mar 3, 2015
$1,040,500
Acka Investments LLC
Andrews Crabtree Knox & Andrew
Warranty Deed
—
May 6, 2003
$1,242,600
Crabtreee Knox Andrews
Grow Construction INC
Grant Deed
$1,056,200 · Suntrust Bank NA
—
—
Andrews Crabtree Knox & Andrew|acka Investments Ll
—
Loan Modification
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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