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    Property profile & analytics

    2199 N Monroe St Tallahassee, FL 32301

    • Industrial properties
    • 2,810 SF
    • 0.30 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimation
    $225,000
    Last Sale
    Oct 14, 2024
    $197,900
    Location Intelligence
    Property ID
    US18-9975908
    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

    • Way / Radio Broadcaster
    • Five Star Auto Sales / Used Car Dealer

    Property Details for 2199 N Monroe St

    Year built
    1989
    Construction
    FRAME
    Lot size
    0.30 lot acres
    Property size
    2,810 SF
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    21-24-20-621-000-0
    APU
    2124206210000

    Description

    This exceptional Tallahassee office building, located at 2199 N Monroe St, presents a fantastic opportunity for businesses seeking a prominent location. The property boasts a total of 2,810 square feet across a two-story building on a 10,370 square foot lot. Built in 1989 and recently renovated in mid-2024, this single-tenant space offers 1,405 square feet of adaptable office area. The open floor plan allows for flexible customization to suit individual business needs, while a private entry ensures privacy and avoids the distractions of shared workspaces. Benefit from high visibility to approximately 40,000 daily drivers on N Monroe St, with prime signage opportunities for enhanced brand exposure. The property is zoned CP and features a Leon County APN of 2124206210000. This is an ideal location for businesses seeking a high-profile presence in Tallahassee, Florida, with easy access and excellent visibility. The property's single-tenant occupancy provides a unique opportunity for a business to establish a strong and independent presence. Don't miss this chance to secure a well-located, recently renovated office space in a thriving area of Tallahassee.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $250,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $280,000
      Mixed-Use
      $300,000
      Hospitality
      $265,000
      Educational
      $320,000
      Residential Income
      $275,000
      Energy
      $300,000
      Income-Based Land
      $265,000
      Food Service
      $265,000

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2878
    Latitude
    30.4699
    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
    $4,162
    $104,544
    $114,368
    $218,912
    -
    $104,544
    $114,368
    $218,912

    Comparable in this City

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      1,376 SF

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    • Value Estimation
      $915,000
      5,457 SF

      897 Monroe St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,457 SF
      897 Monroe St, Tallahassee, FL 32303-6176
      View Details
    • Value Estimation
      $220,000
      2,252 SF

      1104 Old Bainbridge Rd

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    • Value Estimation
      $365,000
      2,220 SF

      824 Tharpe St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,220 SF
      824 Tharpe St, Tallahassee, FL 32303-5355
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    • Value Estimation
      $220,000
      2,280 SF

      1105 Tharpe St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,280 SF
      1105 Tharpe St, Tallahassee, FL 32303-4605
      View Details

    Similar Nearby for Sale

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      0.89 Acres

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      Office/Warehouse Building on N Monroe

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    Similar Nearby for Lease

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    2199 N Monroe St
    Tallahassee, FL 32301
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    Realmo Value Estimation

    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.

    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.

    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
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