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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Investment properties
215 College Ave Ste 102a Tallahassee, FL 32301-7762
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-6035176
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2006
Construction
CONCRETE
Total area
3,971 SF
Lot
0.32 ac (13,939 SF)
APN
21-36-05-000-102-0
UPID
US18-6035176
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
-
BC Munchies Restaurant
-
Zak's Mac Restaurant
-
Chef Shac's Restaurant
-
The Tallahassee Center Condominium Complex Condominium Rental Agency
-
Dipped Specialty Food Shop Candy Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Ms Tally LLC · 5 yrs held
Ms Tally LLC
since 2021
Last sale
$475,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$845,000
+23.6%
Office building
$740,000
+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
$635,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$685,000
Current use
RETAIL STORES
$845,000
Change: +24% · Conversion: Easy
OFFICE BUILDING
$740,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$665,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$550,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $475k (Jun 2 2021)
Last sale anchor
$475k
Jun 2 2021
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
$140 / 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
$11,337
Tax year 2023
Assessed value
$557,125
Assessed 2023
Previous assessed
$516,230
+7.9% YoY
Effective rate
2.03%
On assessed value
Assessed improvement
$557,125
Improvement market value
$557,125
Total market value
$557,125
Applied tax rate
3.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
3,971 SF
Lot
0.32 ac (13,939 SF)
APN
21-36-05-000-102-0
UPID
US18-6035176
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
$685,000
RETAIL STORES
Est. value
$845,000
OFFICE BUILDING
Est. value
$740,000
MEDICAL BUILDING
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$550,000
COMMERCIAL (GENERAL) Current
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
2006
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Ms Tally LLC
Entity
Free & Clear · 5 yrs held
Mailing address
16155 SW 117TH AVE STE B21, MIAMI, FL 33177-1617
Ownership since
2021
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
Jun 2, 2021
$475,000
Ms Tally LLC
Tallahassee Hospitality Group LLC
Warranty Deed
—
Mar 11, 2014
$1,200,000
Tallahassee Hospitality Group LLC
Tallahassee 223 LLC
Special Warranty Deed
$1,445,000 · C1 Bank
Mar 6, 2012
—
Tallahassee 223 LLC
101 Mint INC
Warranty Deed
related
—
Nov 17, 2011
—
101 Mint INC
—
Trustees Deed
related
$100,000 · Restaurant Solutions LLC
Jan 7, 2010
—
101 Mint INC
Tallahassee Center Com Coc
Trustees Deed
related
—
Mar 12, 2007
$1,194,200
Tallahassee Coml Props LLC
Gameday Tallahassee LLC
Grant Deed
$1,334,375 · Logan Asset Backed Fund LP
—
—
Tallahassee 223 LLC
—
Deed Of Trust
related
$200,000 · Probank
—
—
101 Mint INC
—
Deed Of Trust
related
$340,000 · Probank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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