Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,985,000
Medical Office Space
2626 Care Dr Tallahassee, FL 32308-4495
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4163409
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
FRAME
Total area
38,860 SF
Lot
0.72 ac (31,363 SF)
APN
11-21-05- C-018-1
UPID
US18-4163409
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
-
HCA Florida Capital Hospital Breast Center Medical Clinic
-
Huang David Y MD Physician
-
Capital Regional Infectious Disease Physician
-
HCA Florida Capital Pelvic Health and Incontinence Physician Medical Clinic
-
Dr. Margarett Ellison Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.56M
CAP Approach
CAP
$7.09M
Comparable Approach
Comparable
$4.81M
Blend (final)
Blend
$7.99M
Owner & transaction history
Tallahassee Medical Center INC · 1 yrs held
Tallahassee Medical Center INC
since 2025
Last sale
$8.8M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.0M
+68.3%
Restaurant
$9.8M
+49.8%
Industrial (general)
$9.2M
+40.9%
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
$7,615,000
ML approach
$7,555,000
CAP Approach
CAP Return
Estimation
6%
$7,680,000
6.5%
$7,090,000
7%
$6,585,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,510,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,955,000
Change: +68% · Conversion: Difficult
RESTAURANT
$9,750,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,170,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,285,000
Change: +27% · Conversion: Easy
RETAIL STORES
$8,280,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$6,410,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$7.99M
Range $7.19M – $8.78M · ±10% · vs last sale $8.83M (Feb 11 2025)
Last sale anchor
$8.83M
Feb 11 2025
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
$205 / 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
$63,172
Tax year 2023
Assessed value
$3,264,797
Assessed 2023
Previous assessed
$3,771,313
-13.4% YoY
Effective rate
1.93%
On assessed value
Assessed land
$175,633
Assessed improvement
$3,089,164
Land market value
$175,633
Improvement market value
$3,089,164
Total market value
$3,264,797
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Total area
38,860 SF
Lot
0.72 ac (31,363 SF)
APN
11-21-05- C-018-1
UPID
US18-4163409
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
MEDICAL BUILDING Current
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.0M
RESTAURANT
Est. value
$9.8M
INDUSTRIAL (GENERAL)
Est. value
$9.2M
COMMERCIAL (GENERAL)
Est. value
$8.3M
RETAIL STORES
Est. value
$8.3M
OFFICE BUILDING
Est. value
$6.4M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE 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
1998
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Tallahassee Medical Center INC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 71970, PHOENIX, AZ 85050-1017
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
Feb 11, 2025
—
Tallahassee Medical Center INC
Health Services Delaware INC
Quitclaim Deed
related
—
Oct 7, 2013
$8,830,000
Arhc Nftsefl01 LLC
Montecito Medical-care Drive L
Grant Deed
—
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 2626 Care Dr?
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.
