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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1750 Norman Park Dr Tallahassee, FL 32304-3794

    • Distribution centers
    • 5,600 SF
    • 2.38 lot acres
    OFF-MARKET
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4534284
    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.

    Current Use by Public Records

    • Distribution centers

    Property Details for 1750 Norman Park Dr

    Year built
    1998
    Construction
    FRAME
    Lot size
    2.38 lot acres
    Property size
    5,600 SF
    Property type
    Distribution centers
    APN
    21-32-20-610-000-0
    APU
    2132206100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $725,000
      6.5%
      $670,000
      7%
      $625,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $684,000
      Market price range: $165k - $685k
      AI Estimate
      $367,000
      Market price range: $112k - $367k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $505,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.3518
    Latitude
    30.4385
    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
    $12,217
    $379,184
    $564,320
    $943,504
    -
    $379,184
    $564,320
    $943,504

    Comparable in this City

    • Value Estimation
      $1,255,000
      15,272 SF

      265 Capital SW Cir

      DISTRIBUTION WAREHOUSE • 15,272 SF
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      View Details
    • Value Estimation
      $660,000
      7,500 SF

      4329 Pensacola St Ste, Unit 3

      DISTRIBUTION WAREHOUSE • 7,500 SF
      4329 Pensacola St Ste, Tallahassee, FL 32304-3722
      View Details
    • Value Estimation by Request
      7,808 SF

      700 Blountstown St

      DISTRIBUTION WAREHOUSE • 7,808 SF
      700 Blountstown St, Tallahassee, FL 32304-2705
      View Details
    • Value Estimation
      $605,000
      9,805 SF

      732 Blountstown St

      DISTRIBUTION WAREHOUSE • 9,805 SF
      732 Blountstown St, Tallahassee, FL 32304-2705
      View Details
    • Value Estimation
      $2,045,000
      24,108 SF

      5008 10th St

      DISTRIBUTION WAREHOUSE • 24,108 SF
      5008 10th St, Tallahassee, FL 32304
      View Details
    • Value Estimation by Request
      7,381 SF

      1223 Airport Dr

      DISTRIBUTION WAREHOUSE • 7,381 SF
      1223 Airport Dr, Tallahassee, FL 32304-4704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,400 SF

      Blountstown Hwy Retail-Warehouse Flex Space

      Retail-Warehouse Flex space on Blountstown Hwy, M-1 zoning.
      848-852 Blountstown Hwy, Tallahassee, FL 32304
      View Details
    • Contact for pricing
      28.00 Acres

      Hopkins Crossing Industrial Land

      28 Acres, Tallahassee Light Industrial Development
      5485 Commonwealth Blvd, Tallahassee, FL 32304
      View Details
    • $450,000
      1.23 Acres

      Tallahassee Commercial Land - 1.2 Acres

      Prime Commercial/Industrial Land, High Visibility
      7708 Tennessee St, Tallahassee, FL 32304
      View Details
    • Contact for pricing
      69,176 SF

      Industrial Warehouse Spaces For Sale

      Industrial warehouse spaces available near FSU & TCC.
      566-572-3 Appleyard Dr, Tallahassee, FL 32304
      View Details
    • Contact for pricing
      66,600 SF

      Warehouse Space with Roll-Up Doors

      Tallahassee warehouse space with flexible leasing and roll-up doors.
      5040 W Tharpe St, Tallahassee, FL 32304
      View Details
    • $1,500,000
      18,800 SF

      Tallahassee Warehouse For Sale

      18,800 sq ft warehouse in Tallahassee, Florida.
      1041 Aenon Church Rd, Tallahassee, FL 32304
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      27,400 SF

      Blountstown Hwy Warehouse Space

      Tallahassee warehouse, flexible space available
      848 Blountstown Hwy, Tallahassee, FL 32304
      View Details
    • Contact for pricing
      9,000 SF

      Blountstown Street Warehouse Space

      New Industrial Warehouse Space in Tallahassee, FL
      1372 Blountstown St, Tallahassee, FL 32304
      View Details
    • $5 SF/Yr
      6,664 SF

      Tallahassee Warehouse - 6,664 SF

      Single-tenant industrial warehouse, immediate occupancy.
      532 Aaron Smith Rd, Tallahassee, FL 32304
      View Details
    • $9 SF/Yr
      25,000 SF

      10,000 SF Warehouse End Unit

      Warehouse end unit with dock doors and high ceilings.
      553 Capital Cir Southwest, Tallahassee, FL 32304
      View Details
    • $10 SF/Yr
      1,400 SF

      Conditioned Flex Space Available

      Warehouse flex unit with conditioned office and open space.
      848 Blountstown St, Tallahassee, FL 32304
      View Details
    • $33 SF/Yr
      3,060 SF

      Ocala Corners Retail Space Available

      Prime Tallahassee retail space, Publix-anchored center.
      800 Ocala Rd, Tallahassee, FL 32304
      View Details
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    Tallahassee, FL 32304-3794
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    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
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