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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Commercial real estate
1909 Belle Vue Way A Tallahassee, FL 32304-5010
Individually Owned
2-yr Hold
Property ID
US18-9619145
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1993
Construction
WOOD
Total area
6,040 SF
Lot
0.45 ac (19,602 SF)
APN
21-34-51-000-179-5
UPID
US18-9619145
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$731k
Blend (final)
Blend
$610k
Owner & transaction history
Harry Mckee Elwell · 2 yrs held
Harry Mckee Elwell
since 2024
Last sale
$610,000
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
$610,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $527k – $583k · vs last sale $610k (Mar 26 2024)
Last sale anchor
$610k
Mar 26 2024
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
$101 / 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
$7,710
Tax year 2023
Assessed value
$398,478
Assessed 2023
Previous assessed
$398,478
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$45,000
Assessed improvement
$353,478
Land market value
$45,000
Improvement market value
$353,478
Total market value
$398,478
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Units
5
Total area
6,040 SF
Lot
0.45 ac (19,602 SF)
APN
21-34-51-000-179-5
UPID
US18-9619145
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
Building & site characteristics
From public records
Year built
1993
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Units
5
Lot
0.45 ac
Current owner
From public records · entity-resolved
Harry Mckee Elwell
Individual
Mailing address
1909 BELLE VUE WAY, TALLAHASSEE, FL 32304-5026
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2024
$610,000
Harry Mckee Elwell
L A Mclean II
Warranty Deed
$335,000 · L A Mclean II Etal
Jun 1, 2012
$510,000
L A Mclean II
Belle Vue Properties LLC
Warranty Deed
—
Nov 19, 2010
$350,000
Belle Vue Properties LLC
Belleview Apartments LLC
Grant Deed
$1,000,000 · Thomasville National Bank
Oct 2, 2009
$150,000
Belleview Apartments LLC
Tallahassee Apartments Hh LLC
Grant Deed
—
Feb 4, 2009
—
Tallahassee Apartments Hh LLC
Boothco Savannahs LLC Coc
Trustees Deed
related
—
Nov 26, 2008
—
Tallahassee Apartments Hh LLC
Boothco Savannahs LLC Coc
Trustees Deed
related
—
—
—
Mclean,l A II & A B
—
Loan Modification
related
$279,328 · Hancock Bk
—
—
Leslie Mclean
—
Deed Of Trust
related
$350,000 · Hancock Bank
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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