Entity Owned 
For Lease
1 / 14
$12 SF/Yr
2415 N Monroe St, Tallahassee, FL 32303
View Listing →
Property summary
AI-generated overview
The Centre of Tallahassee, a prominent 561,797 square foot regional mall situated on a spacious 90-acre lot at 2415 N Monroe St, Tallahassee, FL 32303, presents a unique investment opportunity. Built in 1971 and extensively renovated in 2020, this single-story property boasts a prime location and significant potential. Currently, nine retail spaces are available, ranging in size from 1,600 square feet to 62,978 square feet, catering to a diverse range of business needs. The property is zoned AC - Activity Center, reflecting its suitability for a variety of commercial uses. Its substantial size and prominent location within Leon County make it an attractive prospect for investors seeking a high-impact retail investment. The property's parcel number (APN) is 2124202060000. This established center offers a chance to capitalize on a thriving retail market in Tallahassee, Florida. The extensive 2020 renovation ensures modern amenities and a contemporary appeal, attracting both tenants and customers. This is an exceptional opportunity to acquire a significant retail asset in a desirable location.
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
232,739 SF
Lot
63.42 ac (2,762,575 SF)
APN
21-24-20-206-000-0
UPID
US18-6123097
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Financial Advisor
-
Cinema Theater & Performing Art Venue
-
Nail Salon
-
Hair Salon
-
Insurance Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.31M
Comparable Approach
Comparable
$13.79M
Blend (final)
Blend
$14.55M
Owner & transaction history
since 2023
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Restaurant
$22.7M
+63.6%
Medical building
$20.7M
+49.1%
Retail stores
$18.7M
+34.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$14.55M
Value range
$13.10M – $16.01M
±10% around blend
Estimated value / SF
$63 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$13.10M
blend $14.55M
$16.01M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
232,739 SF
Lot area
63.42 ac
Year built
1971
Stories
1
APN
21-24-20-206-000-0
Assessed value
$16,215,989
Annual tax
$247,410
3
Income approach: direct capitalization
Partial preview
Income approach indication
$15.31M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$16.59M
@ 6.5% CAP return
$15.31M
@ 7% CAP return
$14.22M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$247,410
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$13.79M
Range $3.88M – $22.02M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.55M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+64%
vs current-use indication
Medical Building
Retail Stores
Hotel/motel · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$77.95M
Move the market yield to see immediate price impact.
Value / SF
$335
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$4.91M
$98.22M
$70.15M
$54.56M
$5.46M
$109.13M
$77.95M
$60.63M
$6.00M
$120.04M
$85.74M
$66.69M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$247,410
Tax year 2023
Assessed value
$16,215,989
Assessed 2023
Previous assessed
$16,215,989
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$4,102,424
Assessed improvement
$12,113,565
Land market value
$4,102,424
Improvement market value
$12,113,565
Total market value
$16,215,989
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
For Lease
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
6
Stories
1
Total area
232,739 SF
Lot
63.42 ac (2,762,575 SF)
APN
21-24-20-206-000-0
UPID
US18-6123097
Jurisdiction
LEON
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Lot
63.42 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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?”
Get access to Data & Analytics
Choose membership plan that suits your needs
Unlock Full Report
$9
one-time
Single Property Report
Full report includes
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
MOST POPULAR
Professional Plan
$99
/mo
30 property reports a month.
Cancel anytime.
Cancel anytime.
Your membership includes
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Enterprise Plan
$299
/mo
300 property reports a month.
Cancel anytime.
Cancel anytime.
Your membership includes
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Unlock Light Report
Free
Confirm your email
and get 1 Light Report
and get 1 Light Report
Light report includes
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight
Confirm your e-mail to get the report
