Technical
Financial
Distress signals
Property profile

2702 Monroe St Tallahassee, FL 32303

OFF-MARKET
Hotels
Property ID
US19-0704039
22,749 SF 1.13 ac lot Built 1988
Entity Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1988
Construction WOOD
Total area 22,749 SF
Lot 1.13 ac (49,223 SF)
APN 21-23-20-009-000-0
UPID US19-0704039

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
  • Hotel & Motel
  • Hotel & Motel

Location

2702 Monroe St Tallahassee, FL 32303-4030
Tallahassee metro Census 1500 TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.50M
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$1.33M

Owner & transaction history

since 2025
5 recorded transactions
2025
$4.5M
2017
$1.3M
2012
$500,000
2008
$2.0M
2005
$1.6M

Zoning & alternative use

Top alternative use upside
Medical building $2.0M +49.1%
Retail stores $1.8M +34.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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 2702 Monroe St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message