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Property profile & analytics
FOR LEASE
Office buildings
2312 Killearn Center Blvd A Tallahassee, FL 32309
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-8130818
For Lease
1 / 12
$21.95 SF/Yr
2312 Killearn Center Blvd,Unit A, Tallahassee, FL 32309
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2000
Construction
WOOD
Total area
20,638 SF
Lot
0.26 ac (11,326 SF)
APN
11-09-29-000-00A-0
UPID
US18-8130818
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
-
FSU Center For Autism Crisis Center Medical Clinic
-
FSU Autism Institute Research Institute
-
FIRST WORDS Project Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.16M
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$3.38M
Owner & transaction history
Tfl Properties LLC · 8 yrs held
Tfl Properties LLC
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+27.1%
Commercial (general)
$4.4M
+8.0%
Retail stores
$4.4M
+7.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,505,000
6.5%
$4,160,000
7%
$3,865,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,075,000
Current use
RESTAURANT
$5,180,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,400,000
Change: +8% · Conversion: Easy
RETAIL STORES
$4,395,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$3,455,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.38M
Range $3.04M – $3.71M · ±10%
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
$164 / 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
$37,513
Tax year 2023
Assessed value
$1,950,287
Assessed 2023
Previous assessed
$1,758,288
+10.9% YoY
Effective rate
1.92%
On assessed value
Assessed land
$468,380
Assessed improvement
$1,481,907
Land market value
$468,380
Improvement market value
$1,481,907
Total market value
$1,950,287
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2000
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Total area
20,638 SF
Lot
0.26 ac (11,326 SF)
APN
11-09-29-000-00A-0
UPID
US18-8130818
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
OFFICE BUILDING Current
Est. value
$4.1M
RESTAURANT
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$3.5M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Tfl Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2419 FAIRBANKS DR, CLEARWATER, FL 33764-2811
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2024
—
Tfl Properties LLC
—
Deed
related
$115,000 · Midsouth Bank
Jun 20, 2018
$2,034,819
Tfl Properties LLC
Task Force Lostics INC
Warranty Deed
—
Dec 1, 2017
$2,650,000
Gold Glove Nine I INC
Edgewater Corp Of Tallahassee
Trustees Deed
$2,100,000 · Servisfirst Bk
Oct 5, 2017
$2,500,000
Task Force Logistics INC
Edgewater Corp Of Tallahassee
Warranty Deed
—
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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