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Property profile & analytics
OFF-MARKET
Estimated value
$7,880,000
Community centers
1817 Thomasville Rd Tallahassee, FL 32303-5769
Entity Owned
14-yr Hold
Free & Clear
Property ID
US18-4296492
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,471 SF
Lot
7.23 ac (314,939 SF)
APN
11-19-20-631-000-0
UPID
US18-4296492
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
-
Whole Foods Market Grocery & Convenience Store Food Market
-
Surcheros - Thomasville Rd. Tallahassee, FL Restaurant
-
9Round Fitness Gym & Fitness Center
-
CAVA Restaurant
-
Monkee's of Tallahassee Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.41M
Comparable Approach
Comparable
$7.69M
Blend (final)
Blend
$7.88M
Owner & transaction history
Miracle Tallahassee LLC · 14 yrs held
Miracle Tallahassee LLC
since 2011
3 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,940,000
6.5%
$6,410,000
7%
$5,950,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,035,000
Current use
INDUSTRIAL (GENERAL)
$8,605,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$7,770,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$7.88M
Range $7.09M – $8.67M · ±10%
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
$216 / 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
$378,839
Tax year 2023
Assessed value
$19,578,736
Assessed 2023
Previous assessed
$19,031,899
+2.9% YoY
Effective rate
1.93%
On assessed value
Assessed land
$2,369,916
Assessed improvement
$17,208,820
Land market value
$2,369,916
Improvement market value
$17,208,820
Total market value
$19,578,736
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
36,471 SF
Lot
7.23 ac (314,939 SF)
APN
11-19-20-631-000-0
UPID
US18-4296492
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.0M
INDUSTRIAL (GENERAL)
Est. value
$8.6M
RETAIL STORES
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
7.23 ac
Current owner
From public records · entity-resolved
Miracle Tallahassee LLC
Entity
Free & Clear · 14 yrs held
Mailing address
2820 SELWYN AVE STE #130, CHARLOTTE, NC 28209-1786
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
—
Captial Plaza Partners Ltd
—
Deed
related
$4,500,000 · Capital City Bank
Oct 27, 2011
$1,274,200
Miracle Tallahassee LLC
Eastern Federal Corp
Warranty Deed
—
—
—
Miracle Tallahassee LLC
—
Deed Of Trust
related
$15,200,000 · Thrivent Financial For Luthera
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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