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Property profile & analytics
OFF-MARKET
Estimated value
$11,565,000
Parking lots & garages
1599 Capital NW Cir Tallahassee, FL 32303-3111
Individually Owned
4-yr Hold
Property ID
US18-2759177
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
952 SF
Lot
42.54 ac (1,853,042 SF)
APN
21-20-51-009-000-0
UPID
US18-2759177
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
-
Brittany Estates Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.57M
Owner & transaction history
Brittany Estates Mhp Tallahasee Fl · 4 yrs held
Brittany Estates Mhp Tallahasee Fl
since 2021
Last sale
$11.9M
7 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
$13,775,000
ML approach
$8,675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.57M
Range $10.41M – $12.72M · ±10% · vs last sale $11.90M (Oct 29 2021)
Last sale anchor
$11.90M
Oct 29 2021
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
$12,148 / 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
$119,671
Tax year 2023
Assessed value
$6,227,603
Assessed 2023
Previous assessed
$5,607,116
+11.1% YoY
Effective rate
1.92%
On assessed value
Assessed land
$5,980,000
Assessed improvement
$247,603
Land market value
$5,980,000
Improvement market value
$247,603
Total market value
$6,227,603
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Buildings
7
Stories
1
Units
1
Total area
952 SF
Lot
42.54 ac (1,853,042 SF)
APN
21-20-51-009-000-0
UPID
US18-2759177
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Units
1
Lot
42.54 ac
Current owner
From public records · entity-resolved
Brittany Estates Mhp Tallahasee Fl
Individual
Mailing address
75 W TOWNE RDG PKWY STE #201, SANDY, UT 84070-5535
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2021
—
Brittany Estates Mhp Tallahasee Fl
Acg Tallahassee LLC
Re-recorded Document
related
—
Oct 29, 2021
$11,904,400
College Park Mhp Orlando Fl LLC
Acg Tallahassee LLC
Warranty Deed
$7,600,000 · Brittany Estates Mhp Tallahassee Fl LLC
Aug 9, 2019
—
Acg Tallahassee LLC
—
Loan Modification
related
$7,600,000 · Keybank USA
May 2, 2018
$8,100,000
Acg Tallahassee LLC
Brittany Partners LLC
Grant Deed
—
May 13, 2013
$4,015,000
Brittany Partners LLC
Brittany Estates Mhp LLC
Grant Deed
$4,200,000 · Brittany Estates Mhp LLC
Sep 30, 2009
$2,310,000
Brittany Estates Mhp LLC
Atlas Fl I Spe LLC
Grant Deed
—
Jun 15, 2009
—
Atlas Fl I Spe LLC
Brittany Estates Of Tallahassee
Trustees Deed
related
—
Jul 8, 2005
$5,580,000
Brittany Estates Of Tallahassee L
Wolverine Property Inv
Grant Deed
$5,000,000 · Branch Banking & Trust Co
—
—
Brittany Estates Of Tallahassee L
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
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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