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Property profile & analytics
OFF-MARKET
Estimated value
$5,220,000
Office buildings
2633 Centennial Blvd Tallahassee, FL 32308-0605
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-7276175
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2017
Construction
WOOD
Total area
32,552 SF
Lot
2.71 ac (118,048 SF)
APN
11-16-20-418-000-0
UPID
US18-7276175
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
-
Physician Partners - Metabolic Health Center Medical Center Weight Loss Service
-
Insurance Office of America Insurance Agency
-
Dr. Kelley M Lang MD Pediatrician Physician
-
Mrs. Shari Lindquist Marriage Or Relationship Counselor
-
Fabiola D D'ambrosio Rodriguez Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.56M
Comparable Approach
Comparable
$4.75M
Blend (final)
Blend
$5.22M
Owner & transaction history
Tallahassee Mem Healthcare INC · 6 yrs held
Tallahassee Mem Healthcare INC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.2M
+52.2%
Industrial (general)
$7.7M
+43.1%
Commercial (general)
$6.9M
+29.3%
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%
$7,110,000
6.5%
$6,560,000
7%
$6,095,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,365,000
Current use
RESTAURANT
$8,170,000
Change: +52% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$7,680,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,940,000
Change: +29% · Conversion: Easy
RETAIL STORES
$6,935,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$5,455,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$5.22M
Range $4.70M – $5.74M · ±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
$160 / 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
$31,335
Tax year 2023
Assessed value
$3,175,309
Assessed 2023
Previous assessed
$3,373,931
-5.9% YoY
Effective rate
0.99%
On assessed value
Assessed land
$661,069
Assessed improvement
$2,514,240
Land market value
$661,069
Improvement market value
$2,514,240
Total market value
$3,175,309
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
WOOD
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Total area
32,552 SF
Lot
2.71 ac (118,048 SF)
APN
11-16-20-418-000-0
UPID
US18-7276175
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
$5.4M
RESTAURANT
Est. value
$8.2M
INDUSTRIAL (GENERAL)
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$6.9M
RETAIL STORES
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$5.5M
OFFICE BUILDING Current
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
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
2.71 ac
Current owner
From public records · entity-resolved
Tallahassee Mem Healthcare INC
Entity
Free & Clear · 6 yrs held
Mailing address
1300 MICCOSUKEE RD, TALLAHASSEE, FL 32308-5054
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2019
$6,500,000
Tallahassee Mem Healthcare INC
Regional 200 LLC
Warranty Deed
—
May 10, 2013
$1,962,200
Regional 200 LLC
Regional Center LLC
Warranty Deed
—
Jun 26, 2003
$150,000
Regional Center LLC
Miller,hunter
Grant Deed
—
Jun 11, 1997
$30,000
John W Lentz
Miller,hunter
Grant Deed
$31,000 · Capital City Bank
—
—
Regional 200 LLC
—
Deed Of Trust
related
$500,000 · Smartbank
—
—
Regional 200 LLC
—
Deed Of Trust
related
$4,500,000 · Smartbank
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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