Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    175 Salem Ct Tallahassee, FL 32301-2809
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    175 Salem Ct Tallahassee, FL 32301-2809

    View on Map
    • Office properties & Spaces
    • 2,792 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US18-4380654
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chronic Kidney-Disease US / Medical Clinic
    • WCRx Clinic - Wound Care Clinic / Medical Clinic
    • WCRx Health / Gym & Fitness Center / Alternative Medicine Practice
    • WCRx Network / Medical Clinic
    • WCRx Pharmacy / Pharmacy

    Property Details for 175 Salem Ct

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    2,792 SF
    Property type
    Office properties & Spaces
    APN
    11-32-20-244-000-0
    APU
    1132202440000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.26
    Latitude
    30.4435
    CBSA code
    45220
    CBSA name
    TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,749
    $61,424
    $184,024
    $245,448
    -
    $61,424
    $184,024
    $245,448

    Comparable in this City

    • Value Estimation by Request
      80,326 SF

      2002 Old St Augustine Rd

      Data centers and call centers • 80,326 SF
      2002 Old St Augustine Rd, Tallahassee, FL 32301
      View Details
    • Value Estimation by Request
      2,193 SF

      355 Monroe St, Unit B

      CONDOMINIUM OFFICES • 2,193 SF
      355 Monroe St, Tallahassee, FL 32301-7621
      View Details
    • Value Estimation by Request
      2,640 SF

      124 Salem Ct

      CONDOMINIUM OFFICES • 2,640 SF
      124 Salem Ct, Tallahassee, FL 32301-2810
      View Details
    • Value Estimation
      $600,000
      3,968 SF

      306 College Ave

      CONDOMINIUM OFFICES • 3,968 SF
      306 College Ave, Tallahassee, FL 32301-1522
      View Details
    • Value Estimation by Request
      2,193 SF

      249 Virginia St

      CONDOMINIUM OFFICES • 2,193 SF
      249 Virginia St, Tallahassee, FL 32301-1263
      View Details
    • Value Estimation by Request
      2,193 SF

      253 Virginia St

      CONDOMINIUM OFFICES • 2,193 SF
      253 Virginia St, Tallahassee, FL 32301-1263
      View Details

    Similar Nearby for Sale

    • $499,000
      0.48 Acres

      Versatile Mixed-Use Property, Tallahassee

      Office/retail property in SoMo District, close to downtown.
      1614 S Monroe St, Tallahassee, FL 32301
      View Details
    • $2,250,000
      15,834 SF

      Downtown Tallahassee Office Building

      Prime location, stabilized income, 85% leased.
      336 E College Ave, Tallahassee, FL 32301
      View Details
    • Contact for pricing
      9,000 SF

      Downtown Tallahassee Office Condo

      9,000 SF Office, Value-Add Opportunity
      113 Monroe St, Tallahassee, FL 32301
      View Details
    • $274,500
      0.23 Acres

      Historic Tallahassee Cottage For Sale

      Classic 1930s cottage zoned for office/residential use.
      837 E Park Ave, Tallahassee, FL 32301
      View Details
    • $450,000
      1,255 SF

      Downtown Tallahassee Office Space

      Prestigious office, prime location, ample parking.
      225 Brevard St, Tallahassee, FL 32301
      View Details
    • $1,724,040
      7,680 SF

      Renovated Office Condo in Tallahassee

      7,680 SF office condo in downtown Tallahassee, fully renovated.
      119 S Monroe St, Tallahassee, FL 32301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tallahassee Retail Destination For Lease

      Open-air retail destination with high visibility and traffic.
      1654 Governors Square Blvd, Tallahassee, FL 32301
      View Details
    • Contact for pricing

      Professional Office Setting in Tallahassee

      Office park centrally located within Tallahassee's business and government sectors.
      2002 Old St Augustine Rd, Tallahassee, FL 32301
      View Details
    • $18 SF/Yr
      2,400 SF

      Tallahassee Retail Space Available

      High-traffic location, 2400 sq ft, drive-thru option.
      2727 Apalachee Pkwy, Tallahassee, FL 32301
      View Details
    • $15 SF/Yr
      1,612 SF

      Tallahassee Office Space for Lease

      Prime location, 1612 sq ft, versatile layout.
      1110 S Magnolia Dr, Tallahassee, FL 32301
      View Details
    • Contact for pricing

      Cascades Project Retail/Office/Hotel Space

      Dynamic development with retail, office, restaurants, and hotel spaces.
      850 S Gadsden St, Tallahassee, FL 32301
      View Details
    • $21 SF/Yr

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      201 W Park Ave, Tallahassee, FL 32301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    175 Salem Ct
    Tallahassee, FL 32301-2809
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!