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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Distribution centers
2543 10th St Tallahassee, FL 32304-2516
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5625135
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1972
Construction
FRAME
Total area
5,192 SF
Lot
1.09 ac (47,480 SF)
APN
21-28-20-417-000-0
UPID
US18-5625135
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$635k
Blend (final)
Blend
$640k
Owner & transaction history
Hsw Investments LLC · 1 yrs held
Hsw Investments LLC
since 2025
Last sale
$650,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$875,000
+88.1%
Medical building
$870,000
+86.4%
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%
$675,000
6.5%
$620,000
7%
$580,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$465,000
Current use
OFFICE BUILDING
$875,000
Change: +88% · Conversion: Difficult
MEDICAL BUILDING
$870,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $650k (Oct 13 2024)
Last sale anchor
$650k
Oct 13 2024
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
$123 / 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
$8,708
Tax year 2023
Assessed value
$452,883
Assessed 2023
Previous assessed
$408,100
+11.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$225,530
Assessed improvement
$227,353
Land market value
$225,530
Improvement market value
$227,353
Total market value
$452,883
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
1972
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
5,192 SF
Lot
1.09 ac (47,480 SF)
APN
21-28-20-417-000-0
UPID
US18-5625135
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
$465,000
OFFICE BUILDING
Est. value
$875,000
MEDICAL BUILDING
Est. value
$870,000
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
1972
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
Hsw Investments LLC
Entity
Mailing address
2320 CODY CHURCH RD, MONTICELLO, FL 32344-1197
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
$650,000
Hsw Investments LLC
Rice Enterprises INC
Warranty Deed
$520,000 · Prime Meridian Bank
May 1, 1998
$310,000
Kenneth S Burns
S E D Enterprises
Grant Deed
$250,000 · Suntrust Bank Tallahasee NA
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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