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Property profile & analytics
FOR SALE
Retail space
1719 W Tennessee St Tallahassee, FL 32304
Entity Owned
~
Est. High Equity
Property ID
US18-9464287
For Sale
1 / 3
$3,941,630
1719 W Tennessee St, Tallahassee, FL 32304
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,080 SF
Lot
0.46 ac (20,038 SF)
APN
21-35-20-209-000-0
UPID
US18-9464287
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
$2.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$2.46M
Owner & transaction history
Nrsr LLC
Nrsr LLC
since 2026
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+73.6%
Neighborhood: shopping center
$2.0M
+32.4%
Industrial (general)
$1.7M
+10.8%
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
$2,615,000
ML approach
$2,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,510,000
Current use
COMMERCIAL (GENERAL)
$2,615,000
Change: +74% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,995,000
Change: +32% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,670,000
Change: +11% · Conversion: Difficult
RESTAURANT
$1,605,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$2.46M
Range $2.21M – $2.70M · ±10% · vs last sale $2.41M (Apr 13 2022)
Last sale anchor
$2.41M
Apr 13 2022
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
$347 / 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
$18,027
Tax year 2023
Assessed value
$931,632
Assessed 2023
Previous assessed
$933,965
-0.2% YoY
Effective rate
1.93%
On assessed value
Assessed land
$370,703
Assessed improvement
$560,929
Land market value
$370,703
Improvement market value
$560,929
Total market value
$931,632
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
7,080 SF
Lot
0.46 ac (20,038 SF)
APN
21-35-20-209-000-0
UPID
US18-9464287
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
RETAIL STORES Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
RESTAURANT
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Nrsr LLC
Entity
Mailing address
6180 NW 63RD WAY, PARKLAND, FL 33067-1522
Ownership since
2026
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
Apr 14, 2026
$3,815,000
Nrsr LLC
Cfl Tallahassee LLC
Special Warranty Deed
—
Apr 13, 2022
$2,410,000
Cfl Tallahassee LLC
Campus And Main Fsu 1
Special Warranty Deed
$1,687,000 · Flagship Bank
Aug 29, 2018
$1,300,000
Campus & Main Fsu 1 LLC
Ib 1320 Somo LLC
Warranty Deed
—
Mar 2, 2018
$960,000
Ib 1320 Somo LLC
Loft Real Estate Holdings LLC
Warranty Deed
—
Dec 17, 2007
$891,000
Loft Real Estate Holdings LLC
Booth Holdings Booth Trust LLC
Warranty Deed
$757,350 · Capital City Bank
Apr 13, 2005
—
Rrco Rentals LLC
Rr Co Of America LLC
Quit Claim Deed
related
—
Apr 13, 2005
$650,000
Booth Holdings Booth Trust LLC
Rrco Rentals LLC
Warranty Deed
$552,500 · Wakulla Bank
—
—
Loft Real Estate Holdings LLC
—
Loan Modification
related
$1,023,310 · Capital Cty Bk
—
—
Booth Holdings Booth Trust LLC
—
Deed Of Trust
related
$574,711 · Park Avenue 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.
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