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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Community centers
1875 Monroe St Tallahassee, FL 32303-4723
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5327385
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2018
Construction
FRAME
Total area
5,346 SF
Lot
0.51 ac (22,216 SF)
APN
21-24-20-462-000-0
UPID
US18-5327385
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
-
Paris Banh Mi Restaurant
-
Paris Banh Mi - Tallahassee Restaurant
-
Luxe Nail Spa Nail Salon
-
Lh Mart and cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.14M
Owner & transaction history
State Of Florida Dept Of Trans · 9 yrs held
State Of Florida Dept Of Trans
since 2017
7 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%
$1,020,000
6.5%
$940,000
7%
$870,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,325,000
Current use
INDUSTRIAL (GENERAL)
$1,260,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$1,140,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$212 / 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
$23,542
Tax year 2023
Assessed value
$1,216,680
Assessed 2023
Previous assessed
$1,179,810
+3.1% YoY
Effective rate
1.93%
On assessed value
Assessed land
$177,728
Assessed improvement
$1,038,952
Land market value
$177,728
Improvement market value
$1,038,952
Total market value
$1,216,680
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
2018
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
5,346 SF
Lot
0.51 ac (22,216 SF)
APN
21-24-20-462-000-0
UPID
US18-5327385
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
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
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
2018
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
State Of Florida Dept Of Trans
Entity
Free & Clear · 9 yrs held
Mailing address
1402 SILVER MOON DR, TALLAHASSEE, FL 32312-3933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
—
H&l Nguyen LLC
—
Deed
related
$500,000 · Florida Department Of Commerce
Aug 26, 2019
—
H & L Nguyen LLC
—
Deed
related
$769,609 · First Cmrc Cu
Jan 27, 2017
—
State Of Florida Dept Of Trans
City Of Tallahassee
Grant Deed
related
—
Dec 15, 2016
—
City Of Tallahassee
H & L Nguyen LLC
Warranty Deed
—
Sep 13, 2012
$350,000
H & L Nguyen LLC
Jearl Birdwell
Warranty Deed
$280,000 · First Commerce Credit Union
—
—
Jearl Birdwell
—
Deed Of Trust
related
$108,636 · Suntrust Bank NA
—
—
H & L Nguyen LLC
—
Deed Of Trust
related
$769,609 · First Cmrc Cu
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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