Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,330,000
Distribution centers
2401 Barcelona Ln Tallahassee, FL 32311-4706
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-4434926
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Construction
FRAME
Total area
49,850 SF
Lot
3.18 ac (138,521 SF)
APN
31-09-28- A-001-0
UPID
US18-4434926
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
StorQuest Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.98M
Comparable Approach
Comparable
$8.55M
Blend (final)
Blend
$6.33M
Owner & transaction history
2401 Barcelona Sp LLC · 11 yrs held
2401 Barcelona Sp LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.4M
+66.4%
Medical building
$8.4M
+65.0%
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%
$6,475,000
6.5%
$5,975,000
7%
$5,550,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,060,000
Current use
OFFICE BUILDING
$8,425,000
Change: +66% · Conversion: Difficult
MEDICAL BUILDING
$8,350,000
Change: +65% · Conversion: Difficult
Blend value · Realmo final
$6.33M
Range $5.70M – $6.96M · ±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
$127 / 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
$149,714
Tax year 2023
Assessed value
$7,737,341
Assessed 2023
Previous assessed
$7,703,695
+0.4% YoY
Effective rate
1.93%
On assessed value
Assessed land
$1,298,634
Assessed improvement
$6,438,707
Land market value
$1,298,634
Improvement market value
$6,438,707
Total market value
$7,737,341
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
49,850 SF
Lot
3.18 ac (138,521 SF)
APN
31-09-28- A-001-0
UPID
US18-4434926
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
WAREHOUSE, STORAGE Current
Est. value
$5.1M
OFFICE BUILDING
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$8.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
2008
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
3.18 ac
Current owner
From public records · entity-resolved
2401 Barcelona Sp LLC
Entity
Mailing address
PO BOX 2034, SANTA MONICA, CA 90406-2034
Ownership since
2014
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
Oct 2, 2014
$7,100,000
2401 Barcelona Sp LLC
Fsr Leasing Group LLC
Special Warranty Deed
$4,200,000 · First Fidelity Bank NA
Sep 3, 2009
—
Fsr Leasing Group LLC
—
Trustees Deed
related
$80,000 · Probank
Dec 17, 2007
$1,100,000
Fsr Leasing Group LLC
Stjoe
Grant Deed
$2,960,000 · Premier Bank
—
—
Fsr Leasing Group LLC
—
Deed Of Trust
related
$3,354,000 · Centennial Bk
—
—
Fsr Leasing Group LLC
—
Deed Of Trust
related
$70,577 · Probank
—
—
2401 Barcelona Sp LLC
—
Deed Of Trust
related
$6,000,000 · Bank Of America
—
—
Fsr Leasing Group LLC
—
Deed Of Trust
related
$2,347,800 · Mercantile Capital
—
—
Fsr Leasing Group LLC
—
Deed Of Trust
related
$2,399,000 · Florida Business Dev Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2401 Barcelona Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
