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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Motels
2726 Monroe St Tallahassee, FL 32303-4030
Entity Owned
~
Est. High Equity
Property ID
US18-3472317
Property summary
AI-generated overview
Exceptional investment opportunity: A well-maintained 51-key Howard Johnson hotel in Tallahassee, Florida. This established property boasts 21,198 square feet on a 1.1-acre lot (47,916 square feet), strategically located at 2726 N Monroe St, Tallahassee, FL 32303, in Leon County, zip code 32303. Built in 1985, the two-story hotel offers ample parking. The asking price is $3,500,000. This turnkey operation is situated in a high-growth area with strong surrounding demographics, featuring robust median and average household incomes within 1, 3, and 5-mile radii. The property is zoned CP. This presents a compelling financial opportunity for investors seeking a well-established hotel in a prime Tallahassee location. The property's size and location make it an attractive investment prospect. Further details are available upon request.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Construction
WOOD
Total area
10,402 SF
Lot
1.1 ac (47,916 SF)
APN
21-14-20-423-000-0
UPID
US18-3472317
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
-
Howard Johnson by Wyndham Tallahassee Hotel & Motel
-
Daslookinglass Public Bathroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$846k
Blend (final)
Blend
$1.31M
Owner & transaction history
Hart Omvasu LLC
Hart Omvasu LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.1M
+233.8%
Office building
$1.5M
+136.6%
Neighborhood: shopping center
$1.4M
+122.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,070,000
Change: +234% · Conversion: Difficult
OFFICE BUILDING
$1,465,000
Change: +137% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,380,000
Change: +122% · Conversion: Difficult
RESTAURANT
$1,015,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$925,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$835,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.15M (Jul 10 2025)
Last sale anchor
$1.15M
Jul 10 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
$126 / 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
$19,238
Tax year 2023
Assessed value
$994,236
Assessed 2023
Previous assessed
$886,271
+12.2% YoY
Effective rate
1.93%
On assessed value
Assessed land
$382,500
Assessed improvement
$611,736
Land market value
$382,500
Improvement market value
$611,736
Total market value
$994,236
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
51
Total area
10,402 SF
Lot
1.1 ac (47,916 SF)
APN
21-14-20-423-000-0
UPID
US18-3472317
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
INDUSTRIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$925,000
RETAIL STORES
Est. value
$835,000
INDUSTRIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
MEDICAL BUILDING
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
1985
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
51
Lot
1.1 ac
Current owner
From public records · entity-resolved
Hart Omvasu LLC
Entity
Mailing address
2726 N MONROE ST, TALLAHASSEE, FL 32303-4030
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2025
$1,150,000
Hart Omvasu LLC
2726 Tallahassee Lodging LLC
Warranty Deed
—
Apr 21, 2022
$2,490,000
2726 Tallahassee Lodging LLC
Omsai Krupa 4 LLC
Warranty Deed
$2,321,500 · Peoples Bank
Feb 27, 2020
$800,000
Tlc Chiropractic INC
Mhz & C LLC
Special Warranty Deed
—
Feb 25, 2020
$2,600,000
Om Sai Krupa 4 LLC
Ganesh Investment Group INC
Grant Deed
—
Feb 25, 2020
—
Ganesh Investment Group INC
Vanita R Patel
Correction Deed
related
—
Jul 23, 1999
$995,000
Ganesh Investment Group INC
Patel,vanita R
Grant Deed
$950,000 · Individual
—
—
Ganesh Investment Group INC
—
Deed Of Trust
related
$2,000,000 · Tallahassee State 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.
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