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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Industrial properties
200 Magnolia Dr Tallahassee, FL 32301-2638
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4237629
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1998
Construction
FRAME
Total area
4,900 SF
Lot
0.89 ac (38,768 SF)
APN
11-31-84- A-001-0
UPID
US18-4237629
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
-
Minco Auto and Truck Accessories Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$915k
Blend (final)
Blend
$1.13M
Owner & transaction history
C M B Of Fl LLC · 3 yrs held
C M B Of Fl LLC
since 2022
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+57.2%
Retail stores
$1.0M
+23.6%
Office building
$910,000
+8.1%
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
$1,215,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$845,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,325,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$1,045,000
Change: +24% · Conversion: Easy
OFFICE BUILDING
$910,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$820,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$680,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±10% · vs last sale $1.20M (Dec 23 2025)
Last sale anchor
$1.20M
Dec 23 2025
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
$231 / 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
$8,362
Tax year 2023
Assessed value
$432,160
Assessed 2023
Previous assessed
$453,343
-4.7% YoY
Effective rate
1.93%
On assessed value
Assessed land
$223,595
Assessed improvement
$208,565
Land market value
$223,595
Improvement market value
$208,565
Total market value
$432,160
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Total area
4,900 SF
Lot
0.89 ac (38,768 SF)
APN
11-31-84- A-001-0
UPID
US18-4237629
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
COMMERCIAL (GENERAL) Current
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$910,000
MEDICAL BUILDING
Est. value
$820,000
WAREHOUSE, STORAGE
Est. value
$680,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
C M B Of Fl LLC
Entity
Mailing address
200 N MAGNOLIA DR, TALLAHASSEE, FL 32301-2638
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
$1,100,000
C M B Of Fl LLC
Two Guys Land LLC
Warranty Deed
$900,000 · Two Guys Land LLC
Oct 23, 2006
$695,000
Two Guys Land LLC
Michael W Mincy
Warranty Deed
$556,000 · Wachovia Bank NA
Jan 14, 2003
$440,000
Michael W Mincy
Mincy,jimmy R & Nancy M
Grant Deed
related
$625,216 · Citizens Bank Perry
Dec 8, 1997
$205,000
Jimmy R Mincy
Aaa Auto Club South
Grant Deed
—
—
—
Two Guys Land LLC
—
Deed Of Trust
related
$624,750 · Hancock Bank
—
—
Two Guys Land LLC
—
Deed Of Trust
related
$600,000 · Ameris 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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