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Property profile & analytics
OFF-MARKET
Estimated value
$4,445,000
Office buildings
2510 Miccosukee Rd Tallahassee, FL 32308-5473
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-1003035
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2017
Construction
FRAME
Total area
24,000 SF
Lot
4.46 ac (194,278 SF)
APN
11-21-20-603-000-0
UPID
US18-1003035
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
-
American Health Imaging Medical Clinic
-
Mims Construction Co Construction Company
-
BeachBuilder Consulting and Investments Construction Company
-
Miller Victoria E Counselor
-
Life-TimeSolutions Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.84M
Comparable Approach
Comparable
$4.44M
Blend (final)
Blend
$4.45M
Owner & transaction history
Tallahassee Medical Quarters LLC · 11 yrs held
Tallahassee Medical Quarters LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.8M
+71.0%
Restaurant
$6.0M
+52.2%
Industrial (general)
$5.7M
+43.1%
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%
$5,240,000
6.5%
$4,840,000
7%
$4,495,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,955,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,765,000
Change: +71% · Conversion: Difficult
RESTAURANT
$6,020,000
Change: +52% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,660,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,115,000
Change: +29% · Conversion: Easy
RETAIL STORES
$5,110,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$4,020,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$4.45M
Range $4.00M – $4.89M · ±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
$185 / 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
$57,458
Tax year 2023
Assessed value
$2,969,505
Assessed 2023
Previous assessed
$2,769,117
+7.2% YoY
Effective rate
1.93%
On assessed value
Assessed land
$645,971
Assessed improvement
$2,323,534
Land market value
$645,971
Improvement market value
$2,323,534
Total market value
$2,969,505
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
Off-Market
Year built
2017
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Total area
24,000 SF
Lot
4.46 ac (194,278 SF)
APN
11-21-20-603-000-0
UPID
US18-1003035
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
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
RESTAURANT
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.1M
RETAIL STORES
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$4.0M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
INDUSTRIAL (GENERAL)
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
2017
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
4.46 ac
Current owner
From public records · entity-resolved
Tallahassee Medical Quarters LLC
Entity
Mailing address
4777 VERMACK RD, ATLANTA, GA 30338-5011
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
Jul 31, 2017
—
Tallahassee Medical Quarters L
—
Deed
related
$3,531,695 · Capital Cty Bk
Jul 31, 2014
$880,000
Tallahassee Medical Quarters LLC
Desloge Health Care Complex LLC
Warranty Deed
$720,000 · Prime Meridian Bank
Apr 10, 2013
—
Desloge Health Care Complex Ll
Desloge Hm Oxygen & Medical Eq
Quit Claim Deed
related
—
Apr 14, 2003
$452,800
Desloge Home Oxygen & Medical
Osborne,c T
Quit Claim Deed
related
—
Apr 14, 2003
$142,300
Desloge Home Oxygen & Medical
Osborne,c T
Quit Claim Deed
related
$520,000 · Premier Bank
Apr 14, 2003
$820,000
Osborne C T
Bmb Real Estate LLC
Quit Claim Deed
related
—
—
—
Desloge Home Oxygen & Medical
—
Deed Of Trust
related
$40,000 · Premier Bank
—
—
Tallahassee Medical Quarters L
—
Loan Modification
related
$3,531,695 · Capital Cty Bk
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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