New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Industrial properties
2718 Centerville Rd Tallahassee, FL 32308-4002
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-0299347
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,335 SF
Lot
0.58 ac (25,265 SF)
APN
11-15-30- B-002-0
UPID
US18-0299347
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
-
Coton Colors Company Corporate Office & Design Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.51M
Owner & transaction history
Laura L Johnson LLC · 13 yrs held
Laura L Johnson LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$1,785,000
6.5%
$1,650,000
7%
$1,530,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,415,000
Current use
RETAIL STORES
$2,415,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±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
$133 / 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
$9,998
Tax year 2023
Assessed value
$541,916
Assessed 2023
Previous assessed
$460,735
+17.6% YoY
Effective rate
1.84%
On assessed value
Assessed land
$106,841
Assessed improvement
$435,075
Land market value
$106,841
Improvement market value
$435,075
Total market value
$541,916
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Total area
11,335 SF
Lot
0.58 ac (25,265 SF)
APN
11-15-30- B-002-0
UPID
US18-0299347
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
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Laura L Johnson LLC
Entity
Mailing address
2718 CENTERVILLE RD, TALLAHASSEE, FL 32308-4002
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2018
—
Marcia E Parks
—
Deed
related
$290,000 · Farmers & Merchants Nat'l Bk
Feb 2, 2018
—
Laura L Johnson LLC
—
Deed
related
$565,796 · Capital City Bank
Jul 25, 2012
$415,000
Laura L Johnson LLC
Regions Bank
Special Warranty Deed
$350,000 · Farmers & Merchants Bank
Apr 26, 2011
—
Regions Bk
Aspirant Dev LLC Coc
Trustees Deed
related
—
Jan 5, 2009
—
Aspirant Dev LLC
—
Trustees Deed
related
$17,290 · Winnie Davis
Aug 27, 2007
$860,000
Aspirant Development LLC
2718 Centerville Road LLC
Warranty Deed
$860,000 · Capital City Bank
Apr 3, 2006
$770,000
2718 Centerville Road LLC
Buster Corp
Warranty Deed
$765,000 · Suntrust Bank
—
—
Marcia E Parks
—
Deed Of Trust
related
$290,000 · Farmers & Merchants Nat'l Bk
—
—
Aspirant Dev LLC
—
Deed Of Trust
related
$1,020,000 · Regions Bank
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 2718 Centerville Rd?
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.
