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    2725 Graves Rd Tallahassee, FL 32303-2865
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    Property profile & analytics

    2725 Graves Rd, Tallahassee, FL 32303-2865

    View on Map
    • Hotels
    • 81,252 SF
    • 3.65 lot acres
    Off-Market
    Property ID
    US18-4831263
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $6,150,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bistro 27 at Holiday Inn / Restaurant
    • Holiday Inn & Suites Tallahassee Conference Ctr N, an IHG Hotel / Hotel & Motel

    Property Details for 2725 Graves Rd

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.65 lot acres
    Property type
    Hotels
    APN
    21-15-20-406-001-0
    APU
    2115204060010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 2, 2017 — Tlhfs LLC — Deed · related $8.5M · Ameris Bk
    Oct 29, 2007 $6,969,600 Tlhfs LLC Murphco Of Florida INC Grant Deed —
    — — Tlhfs LLC — Deed Of Trust · related $8.5M · Ameris Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,790,000
      6.5%
      $5,345,000
      7%
      $4,960,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,956,000
      Market price range: $1.35M - $7.69M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $4,840,000
      Current use
      RESTAURANT
      $7,920,000
      Change: +64% Conversion: Difficult
      MEDICAL BUILDING
      $7,220,000
      Change: +49% Conversion: Difficult
      RETAIL STORES
      $6,515,000
      Change: +35% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.3142
    Latitude
    30.4837
    CBSA code
    45220
    CBSA name
    TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $150,220
    $1,518,000
    $6,661,544
    $8,179,544
    -
    $1,518,000
    $6,661,544
    $8,179,544

    Comparable in this City

    • Value Estimation
      $6,900,000
      38,457 SF

      3219 Monroe St

      HOTEL
      3219 Monroe St, Tallahassee, FL 32303-2821
      View Details
    • Value Estimation
      $690,000
      16,472 SF

      522 Silver Slipper Ln, Unit 3

      HOTEL
      522 Silver Slipper Ln, Tallahassee, FL 32303-4867
      View Details
    • Value Estimation
      $3,860,000
      26,882 SF

      1695 Capital NW Cir

      HOTEL
      1695 Capital NW Cir, Tallahassee, FL 32303-3113
      View Details
    • Value Estimation
      $715,000
      17,339 SF

      522 Silver Slipper Ln, Unit 1

      HOTEL
      522 Silver Slipper Ln, Tallahassee, FL 32303-4867
      View Details
    • Value Estimation
      $14,550,000
      232,739 SF

      2415 Monroe St

      HOTEL
      2415 Monroe St, Tallahassee, FL 32303-4135
      View Details
    • Value Estimation
      $1,330,000
      22,749 SF

      2702 Monroe St

      HOTEL
      2702 Monroe St, Tallahassee, FL 32303-4030
      View Details

    Similar Nearby for Sale

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      $849,000
      1.56 Acres

      Waterfront Restaurant Opportunity on Lake Jackson

      Turn-key restaurant with lake views, ample parking, and outdoor stage.
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    • $65,000
      0.89 Acres

      Tallahassee Industrial Land - $65k

      0.89-acre industrial lot, buildable, high & dry.
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      View Details
    • Contact for pricing
      12,614 SF

      Multifamily Investment Opportunity

      Portfolio of 13 units in Tallahassee, Florida.
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      View Details
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      5,448 SF

      Mixed-Use Property For Sale

      Mixed-use property featuring 5,448 square feet of commercial real estate.
      810 Thomasville Rd, Tallahassee, FL 32303
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      Retail Space in Midtown Tallahassee

      Retail spaces available in Tallahassee's Midtown neighborhood.
      1122 Thomasville Rd, Tallahassee, FL 32303
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      1,280 SF

      Upgraded Condo with Cash Credit

      New 3/3 condo with upgrades, cash credit, near amenities.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Suites For Rent

      Newly-renovated office suites with high-quality finishes and on-site parking.
      1801 N Meridian Rd, Tallahassee, FL 32303
      View Details
    • Contact for pricing

      Retail Space in Tallahassee Centre

      Retail space available for rent in the Centre of Tallahassee.
      2415 N Monroe St, Tallahassee, FL 32303
      View Details
    • Contact for pricing

      W Tharpe Street Flex Space

      Flex space available for lease on W Tharpe Street.
      5040 W Tharpe St, Tallahassee, FL 32303
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Tallahassee Center

      Retail space available in a Publix-anchored, redeveloped Tallahassee center.
      5678 N Monroe St, Tallahassee, FL 32303
      View Details
    • Contact for pricing
      5,700 SF

      Industrial Space Available For Lease

      5,700 SF industrial property available for lease.
      5126 Woodlane Cir, Tallahassee, FL 32303
      View Details
    • Contact for pricing

      Outparcel in Publix-Anchored Center

      Outparcels available in recently redeveloped, Publix-anchored Tallahassee center.
      5674 Capital Cir NW, Tallahassee, FL 32303
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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