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Property profile & analytics
FOR SALE
Office buildings
1618 Mahan Center Blvd 106 Tallahassee, FL 32308
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-5098566
For Sale
1 / 9
$275,000
1618 Mahan Center Blvd,Unit 106, Tallahassee, FL 32308
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD
Total area
1,225 SF
Lot
0.03 ac (1,307 SF)
APN
11-28-06-000-001-0
UPID
US18-5098566
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
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
Emerald Waters Of Frangista 0 LLC · 12 yrs held
Emerald Waters Of Frangista 0 LLC
since 2013
4 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
$3,511
Tax year 2023
Assessed value
$188,467
Assessed 2023
Previous assessed
$171,622
+9.8% YoY
Effective rate
1.86%
On assessed value
Assessed land
$34,913
Assessed improvement
$153,554
Land market value
$34,913
Improvement market value
$153,554
Total market value
$188,467
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
For Sale
Year built
2006
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
1,225 SF
Lot
0.03 ac (1,307 SF)
APN
11-28-06-000-001-0
UPID
US18-5098566
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
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Emerald Waters Of Frangista 0 LLC
Entity
Mailing address
823 DRIFTWOOD PT RD, SANTA ROSA BEACH, FL 32459-3029
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2013
$130,000
Emerald Waters Of Frangista 0 LLC
Hemmer Consulting LLC
Warranty Deed
—
Sep 20, 2013
$135,000
Hemmer Consulting LLC
Hchw LLC
Warranty Deed
$43,750 · Synovus Bank
Oct 16, 2006
$145,300
Hchw LLC
Mahan Riggins LLC
Warranty Deed
$175,000 · Tallahassee State Bank
—
—
Hchw LLC
—
Deed Of Trust
related
$178,000 · Tallahassee State Bank
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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