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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Hotels
1876 Capital NE Cir Tallahassee, FL 32308-4441
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2007777
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1998
Construction
WOOD
Total area
26,784 SF
Lot
1.85 ac (80,586 SF)
APN
11-21-33-000-041-0
UPID
US18-2007777
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
-
TownePlace Suites Tallahassee North/Capital Circle Hotel & Motel
-
1876 Capital Circle Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.75M
Owner & transaction history
Fucms 2001-c2 Cap Circle LLC · 13 yrs held
Fucms 2001-c2 Cap Circle LLC
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+95.7%
Neighborhood: shopping center
$1.9M
+59.9%
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%
$1,910,000
6.5%
$1,760,000
7%
$1,635,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,215,000
Current use
MEDICAL BUILDING
$2,375,000
Change: +96% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,940,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±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
$65 / 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
$66,173
Tax year 2023
Assessed value
$3,419,858
Assessed 2023
Previous assessed
$3,341,444
+2.3% YoY
Effective rate
1.93%
On assessed value
Assessed land
$902,500
Assessed improvement
$2,517,358
Land market value
$902,500
Improvement market value
$2,517,358
Total market value
$3,419,858
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
3
Units
95
Total area
26,784 SF
Lot
1.85 ac (80,586 SF)
APN
11-21-33-000-041-0
UPID
US18-2007777
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
HOTEL/MOTEL Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
HOTEL/MOTEL Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Units
95
Lot
1.85 ac
Current owner
From public records · entity-resolved
Fucms 2001-c2 Cap Circle LLC
Entity
Free & Clear · 13 yrs held
Mailing address
4 E LANCASTER AVE, PAOLI, PA 19301-1402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2019
—
Capital Circle Properties LLC
—
Deed
related
$7,125,000 · Prime Meridian Bk
Oct 17, 2012
—
Fucms 2001-c2 Cap Circle LLC
Mckibbon Hotel Grou 2 Coc
Trustees Deed
related
—
Nov 13, 2009
—
Mckibbon Land Holdings LLC
Mckibbon Brothers INC
Quit Claim Deed
—
Feb 6, 1998
—
Mckibbon Hotel Group LP
—
Grant Deed
related
$4,250,000 · Regions Bank
—
—
Capital Circle Properties LLC
—
Loan Modification
related
$7,125,000 · Prime Meridian Bk
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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