Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Motels
2738 Monroe St Tallahassee, FL 32303-4030
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5426526
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,200 SF
Lot
2.26 ac (98,446 SF)
APN
21-14-20-424-000-0
UPID
US18-5426526
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
-
Motel 6 Tallahassee, FL Hotel & Motel
-
Loyalty Inn Tallahassee Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.23M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Shiv Yog Corporation · 5 yrs held
Shiv Yog Corporation
since 2021
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+63.6%
Medical building
$2.6M
+49.1%
Retail stores
$2.3M
+34.7%
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
$2,550,000
ML approach
$2,225,000
CAP Approach
CAP Return
Estimation
6%
$2,080,000
6.5%
$1,920,000
7%
$1,785,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,740,000
Current use
RESTAURANT
$2,845,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$2,595,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$2,340,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±10% · vs last sale $2.21M (Jul 7 2021)
Last sale anchor
$2.21M
Jul 7 2021
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
$76 / 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
$26,619
Tax year 2023
Assessed value
$1,378,745
Assessed 2023
Previous assessed
$1,249,518
+10.3% YoY
Effective rate
1.93%
On assessed value
Assessed land
$757,500
Assessed improvement
$621,245
Land market value
$757,500
Improvement market value
$621,245
Total market value
$1,378,745
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
4
Units
101
Total area
29,200 SF
Lot
2.26 ac (98,446 SF)
APN
21-14-20-424-000-0
UPID
US18-5426526
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
HOTEL/MOTEL Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
HOTEL/MOTEL Current
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
4
Buildings
1
Units
101
Lot
2.26 ac
Current owner
From public records · entity-resolved
Shiv Yog Corporation
Entity
Mailing address
3028 LNDG EAGLE CT, WOODBRIDGE, VA 22191-6119
Ownership since
2021
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
Jul 7, 2021
$2,205,000
Shiv Yog Corporation
Tlh Hotel LLC
Special Warranty Deed
$300,000 · Tlh Hotel LLC
Apr 10, 2019
$1,400,000
Tlh Hotel LLC
G6 Hospitality Property LLC
Grant Deed
$1,120,000 · Aimbank
Sep 27, 2017
—
G6 Hospitality Property LLC
—
Deed
related
$2,075,000,000 · Jp Morgan Chase Bk
Aug 14, 2017
—
G6 Hospitality Property LLC
—
Deed
related
—
Oct 26, 2012
—
G6 Hospitality Property LLC
Motel 6 Operating LP
Limited Warranty Deed
$1,050,000 · Jpmorgan Chase Bank NA
Jun 11, 2012
$2,809,000
Motel 6 Operating LP
Kenyon Florida LLC
Grant Deed
—
Aug 20, 1998
$3,030,200
Florida S9 LLC
Motel 6 Operating LP
Grant Deed
$3,295,778 · Boston American Lending Group-
—
—
G6 Hospitality Property LLC
—
Loan Modification
related
$1,026,320,718 · Jp Morgan Chase Bk
—
—
G6 Hospitality Property LLC
—
Loan Modification
related
$2,075,000,000 · Jp Morgan Chase Bk
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 2738 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.
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.
