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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Medical Office Space
1614 Plz Dr Tallahassee, FL 32308-5324
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1133209
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
WOOD
Total area
3,398 SF
Lot
0.1 ac (4,356 SF)
APN
11-28-60- B-004-0
UPID
US18-1133209
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
-
Tiny Teeth of Tally Dental Office
-
Dr. Astrid Gonzalez Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$421k
Blend (final)
Blend
$590k
Owner & transaction history
Nak Tiny Properties LLC · 1 yrs held
Nak Tiny Properties LLC
since 2024
Last sale
$815,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$960,000
+68.3%
Commercial (general)
$725,000
+27.3%
Retail stores
$725,000
+27.2%
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%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$570,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$960,000
Change: +68% · Conversion: Difficult
COMMERCIAL (GENERAL)
$725,000
Change: +27% · Conversion: Easy
RETAIL STORES
$725,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$560,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $815k (Sep 6 2024)
Last sale anchor
$815k
Sep 6 2024
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
$174 / 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
$6,216
Tax year 2023
Assessed value
$321,247
Assessed 2023
Previous assessed
$327,208
-1.8% YoY
Effective rate
1.93%
On assessed value
Assessed land
$66,160
Assessed improvement
$255,087
Land market value
$66,160
Improvement market value
$255,087
Total market value
$321,247
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
3,398 SF
Lot
0.1 ac (4,356 SF)
APN
11-28-60- B-004-0
UPID
US18-1133209
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
MEDICAL BUILDING Current
Est. value
$570,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$725,000
RETAIL STORES
Est. value
$725,000
OFFICE BUILDING
Est. value
$560,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE 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
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Nak Tiny Properties LLC
Entity
Mailing address
2436 CASTLETOWER RD, TALLAHASSEE, FL 32301-3304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
$815,000
Nak Tiny Properties LLC
Catulus & Pluvia Co LLC
Special Warranty Deed
$528,000 · Fifth Third Bank NA
Jun 21, 2017
—
Ffp LLC
Baldock,william T
Warranty Deed
related
$620,500 · Prime Meridian Bk
Jun 19, 2017
—
Fpa LLC
—
Deed
related
$600,000 · Prime Meridian Bank
Aug 1, 2008
$250,000
Fpa LLC
Owner Name Unavailable
Warranty Deed
related
—
Mar 26, 2008
$138,400
Fpa LLC
Walter E Colon
Quit Claim Deed
related
$418,000 · Branch Banking & Trust
—
—
Fpa LLC
—
Deed Of Trust
related
$200,000 · Prime Meridian Bank
—
—
Robert A Zakarin
—
Deed Of Trust
related
$28,000 · Suntrust Bank Tallahasee NA
—
—
Freddie Battle
—
Deed Of Trust
related
$10,000 · Household Finance Corp III
—
—
Robert A Zakarin
—
Deed Of Trust
related
$300,000 · First Union National Bank
—
—
Fpa LLC
—
Deed Of Trust
related
$620,500 · Prime Meridian Bk
—
—
Lester J Hall
—
Deed Of Trust
related
$34,088 · First Union Nat'l Bank Florida
—
—
William T Baldock
—
Deed Of Trust
related
$424,500 · Suntrust Bank NA
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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