Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18958 Blountstown Hwy Tallahassee, FL 32310-9470

    • Turn key restaurants
    • 1,553 SF
    • 2.00 lot acres
    OFF-MARKET
    Last Sale
    Oct 27, 2023
    $140,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2772053
    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

    • Ron's Enterprises / Auto Repair Shop

    Property Details for 18958 Blountstown Hwy

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.00 lot acres
    Property size
    1,553 SF
    Property type
    Turn key restaurants
    APN
    43-08-20-676-000-0
    APU
    4308206760000

    Description

    This exceptional commercial property, located at 18958 Blountstown Highway in Tallahassee, Florida, presents a unique investment opportunity. Spanning two acres of land, the 1,553 square foot building is currently configured as a tire store, but its versatile design and prime location make it perfectly suited for a variety of commercial ventures. The high-traffic area ensures excellent visibility and accessibility for customers, making it an ideal spot for a convenience store, or other retail establishment. Alternatively, the property's spacious layout and ample land could easily accommodate an industrial business needing both indoor and outdoor space. The asking price is $205,000, representing a compelling value for a property with such strong potential in a thriving Tallahassee market. The existing structure provides a solid foundation for immediate occupancy or renovation, allowing for customization to meet the specific needs of a new business. Serious inquiries are encouraged to explore the possibilities this property offers. This is a rare opportunity to acquire a well-situated commercial property in a desirable location with significant growth potential. Don't miss out on this chance to establish your business in a high-traffic area with excellent visibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.5616
    Latitude
    30.4068
    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
    $1,264
    $43,560
    $56,973
    $100,533
    -
    $43,560
    $56,973
    $100,533

    Comparable in this City

    • Value Estimation
      $655,000
      10,080 SF

      1121 Orange W Ave

      RESTAURANT • 10,080 SF
      1121 Orange W Ave, Tallahassee, FL 32310-6126
      View Details
    • Value Estimation
      $1,020,000
      9,000 SF

      2293 Lk Bradford Rd

      RESTAURANT • 9,000 SF
      2293 Lk Bradford Rd, Tallahassee, FL 32310-6032
      View Details
    • Value Estimation by Request
      3,800 SF

      2805 Assembly Ct

      RESTAURANT • 3,800 SF
      2805 Assembly Ct, Tallahassee, FL 32310-8726
      View Details
    • Value Estimation by Request
      2,442 SF

      3201 Capital SW Cir

      RESTAURANT • 2,442 SF
      3201 Capital SW Cir, Tallahassee, FL 32310-8724
      View Details
    • Value Estimation by Request
      1,735 SF

      1142 Orange W Ave

      RESTAURANT • 1,735 SF
      1142 Orange W Ave, Tallahassee, FL 32310-6127
      View Details
    • Value Estimation by Request
      6,804 SF

      3655 Orange W Ave

      RESTAURANT • 6,804 SF
      3655 Orange W Ave, Tallahassee, FL 32310-5902
      View Details

    Similar Nearby for Sale

    • $225,000
      0.19 Acres

      Tallahassee Retail Opportunity For Sale

      Retail property near Bragg Stadium and Alfred Lawson Multipurpose Center.
      522 Kissimmee St, Tallahassee, FL 32310
      View Details
    • Contact for pricing
      35,807 SF

      CollegeTown Retail Leasing Opportunity

      New retail spaces in Tallahassee's thriving CollegeTown district.
      825 Railroad Ave, Tallahassee, FL 32310
      View Details
    • Contact for pricing
      0.89 Acres

      Tallahassee Commercial Land Duo

      Prime airport area lots, PUD zoning.
      4328 Airport Commerce Blvd, Tallahassee, FL 32310
      View Details
    • $30,000
      1.47 Acres

      Secluded Wooded Lot in Tallahassee

      1.47-acre wooded lot offers privacy and building flexibility.
      Friar Tuck Rd, Tallahassee, FL 32310
      View Details
    • $45,000
      1.00 Acre

      Residential Land in Parramore Shores

      One-acre homesite in desirable Parramore Shores community near Lake Talquin.
      Parramore Shr Lot 6 Rd, Tallahassee, FL 32310
      View Details
    • New
      Contact for pricing
      0.50 Acres

      Wooded Lot Overlooking Lake Talquin

      Wooded corner lot near Lake Talquin, suitable for homes.
      2 5&6, Tallahassee, FL 32310
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      1,245 SF

      Retail Space in Railroad Square

      Retail space in the Railroad Square Arts District for rent.
      1007-1015 Commercial Dr, Tallahassee, FL 32310
      View Details
    • $7 SF/Yr
      9,000 SF

      Warehouse Spaces Available For Rent

      Warehouse spaces available for rent with dock high access.
      2130 Lake Bradford Rd, Tallahassee, FL 32310
      View Details
    • $2,500,000
      8,451 SF

      Cold Storage Warehouse with Office

      Climate-controlled warehouse with office in Airport Industrial Park.
      4447 Entrepot Blvd, Tallahassee, FL 32310
      View Details
    • $3,200 /Mo
      28,314 SF

      Tallahassee Warehouse Space Available

      6,000 sq ft warehouse space for lease in Tallahassee.
      1701 Mills St, Tallahassee, FL 32310
      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.
    18958 Blountstown Hwy
    Tallahassee, FL 32310-9470
    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.