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    Property profile & analytics

    2351 Phillips Rd Tallahassee, FL 32308-5333

    • Medical offices
    • 22,708 SF
    • 3.31 lot acres
    OFF-MARKET
    Value Estimation
    $1,505,000
    Last Sale
    Jun 12, 2020
    $1,400,000
    Location Intelligence
    Property ID
    US18-5718225
    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

    • Florida Cancer Specialists / Association Or Organization
    • Scott A. Tetreault, MD / Cancer Treatment Center / Hematologist
    • Margarett Conklin Ellison, MD / Obstetrician-Gynecologist
    • Pareshkumar Bhauchandbhai Patel, MD / Hematologist / Cancer Treatment Center
    • Florida Cancer Specialists & Research Institute / Cancer Treatment Center / Hematologist

    Property Details for 2351 Phillips Rd

    Year built
    2021
    Construction
    FRAME
    Lot size
    3.31 lot acres
    Property size
    22,708 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    11-29-21-000-001-0
    APU
    1129210000010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,795,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,295,000
      6.5%
      $1,460,000
      7%
      $1,320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,320,000
      Geo Method
      $1,240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,430,000
      Retail
      $1,485,000
      Mixed-Use
      $1,570,000
      Hospitality
      $1,345,000
      Educational
      $1,605,000
      Residential Income
      $1,315,000
      Energy
      $1,275,000
      Income-Based Land
      $1,385,000
      Food Service
      $1,270,000

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2434
    Latitude
    30.4613
    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
    $81,534
    $973,242
    $3,240,500
    $4,213,742
    -
    $973,242
    $3,240,500
    $4,213,742

    Comparable in this City

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    • Value Estimation by Request
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      2030 Fleischmann Rd

      MEDICAL BUILDING • 10,033 SF
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      1834 Jaclif Cta

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    • Value Estimation by Request
      37,742 SF

      2605 Welaunee Blvd

      MEDICAL BUILDING • 37,742 SF
      2605 Welaunee Blvd, Tallahassee, FL 32308-4697
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    • Value Estimation by Request
      6,364 SF

      1541 Medical Dr

      MEDICAL BUILDING • 6,364 SF
      1541 Medical Dr, Tallahassee, FL 32308-4615
      View Details
    • Value Estimation
      $320,000
      2,466 SF

      1901 Miccosukee Rd

      MEDICAL BUILDING • 2,466 SF
      1901 Miccosukee Rd, Tallahassee, FL 32308-5321
      View Details

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    Similar Nearby for Lease

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    • $19 SF/Yr
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    Tallahassee, FL 32308-5333
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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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