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Property profile & analytics
OFF-MARKET
Distribution centers
1613 Capital NE Cir Tallahassee, FL 32308-5501
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4442803
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1975
Construction
FRAME
Total area
11,300 SF
Lot
4.42 ac (192,361 SF)
APN
11-28-20-001-000-0
UPID
US18-4442803
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
-
Harvest Print & Marketing Solutions Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sunscape Farms LLC · 1 yrs held
Sunscape Farms LLC
since 2025
Last sale
$4.3M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$53,922
Tax year 2023
Assessed value
$2,801,345
Assessed 2023
Previous assessed
$2,528,141
+10.8% YoY
Effective rate
1.92%
On assessed value
Assessed land
$1,298,437
Assessed improvement
$1,502,908
Land market value
$1,298,437
Improvement market value
$1,502,908
Total market value
$2,801,345
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Total area
11,300 SF
Lot
4.42 ac (192,361 SF)
APN
11-28-20-001-000-0
UPID
US18-4442803
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
1975
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Lot
4.42 ac
Current owner
From public records · entity-resolved
Sunscape Farms LLC
Entity
Mailing address
1018 THOMASVILLE RD STE 200A, TALLAHASSEE, FL 32303-6291
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2025
$4,250,000
Sunscape Farms LLC
Eastside Commerce Center Ltd
Warranty Deed
—
May 1, 2018
—
Eastside Commerce Center LLC
—
Deed
related
$2,055,829 · Sunshine Cmnty Bk
Dec 6, 2017
—
Eastside Commerce Center LLC
—
Deed
related
$2,055,929 · Sunshine Cmnty Bk
Jan 3, 2013
$2,700,000
Eastside Commerce Center Ltd
Davidson Family LP
Warranty Deed
$2,055,929 · Sunshine Savings Bank
—
—
Eastside Commerce Center LLC
—
Loan Modification
related
$2,055,929 · Sunshine Cmnty Bk
—
—
Eastside Commerce Center LLC
—
Loan Modification
related
$2,055,829 · Sunshine Cmnty Bk
—
—
Davidson Family
—
Deed Of Trust
related
$1,200,000 · Standard Insurance 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.
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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