Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2807 Monroe St Tallahassee, FL 32301-6951

    • Grocery and convenience stores
    • 2,928 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4790901
    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.

    Current Use by Public Records

    • Shell / Gas Station
    • Redbox / Movie Rental Store / Movie Rental Kiosk
    • Circle K / Gas Station / Convenience Store
    • Cardtronics ATM / Atm
    • Circle K Fuel / Gas Station

    Property Details for 2807 Monroe St

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.44 lot acres
    Property size
    2,928 SF
    Property type
    Grocery and convenience stores
    APN
    41-12-05-001-004-0
    APU
    4112050010040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $555,000
      6.5%
      $515,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $445,000
      Market price range: $304k - $533k

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2802
    Latitude
    30.4118
    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
    $15,547
    $211,849
    $591,658
    $803,507
    -
    $211,849
    $591,658
    $803,507

    Comparable in this City

    • Value Estimation
      $345,000
      3,398 SF

      2956 Park Ave

      CONVENIENCE STORE • 3,398 SF
      2956 Park Ave, Tallahassee, FL 32301-3427
      View Details
    • Value Estimation
      $265,000
      2,400 SF

      519 Brevard St

      CONVENIENCE STORE • 2,400 SF
      519 Brevard St, Tallahassee, FL 32301-1005
      View Details
    • Value Estimation
      $570,000
      4,140 SF

      102 Blair Stone Rd

      CONVENIENCE STORE • 4,140 SF
      102 Blair Stone Rd, Tallahassee, FL 32301-4039
      View Details
    • Value Estimation
      $305,000
      2,904 SF

      2849 Apalachee Pkwy Ste A

      CONVENIENCE STORE • 2,904 SF
      2849 Apalachee Pkwy Ste A, Tallahassee, FL 32301-3637
      View Details
    • Value Estimation
      $440,000
      4,833 SF

      3571 Blair Stone Rd

      CONVENIENCE STORE • 4,833 SF
      3571 Blair Stone Rd, Tallahassee, FL 32301-6981
      View Details
    • Value Estimation
      $335,000
      2,745 SF

      440 Paul Russell Rd

      CONVENIENCE STORE • 2,745 SF
      440 Paul Russell Rd, Tallahassee, FL 32301-6960
      View Details

    Similar Nearby for Sale

    • $875,000
      7,762 SF

      Retail Property in Tallahassee, FL

      7,762 SF retail building in the Frenchtown Retail District.
      540 W Brevard St, Tallahassee, FL 32301
      View Details
    • $589,000
      0.17 Acres

      Tallahassee Commercial Building For Sale

      Two-story commercial building in Tallahassee, offering investment or owner-user opportunity.
      1355 E Lafayette St, Tallahassee, FL 32301
      View Details
    • Contact for pricing
      13,694 SF

      Prime Retail Spaces in Tallahassee

      Retail and restaurant spaces in a vibrant mixed-use development.
      440 N Monroe St, Tallahassee, FL 32301
      View Details
    • $1,636,500
      2,616 SF

      Renovated Retail Space For Sale

      Recently renovated retail space in a bustling Tallahassee commercial area.
      2870 Apalachee Pkwy, Tallahassee, FL 32301
      View Details
    • $2,338,000

      Retail and Warehouse Buildings ForSale

      Two buildings with retail, warehouse, and office space available.
      2809 S Adams St, Tallahassee, FL 32301
      View Details
    • $249,000
      1 SF

      Office/Retail Condo in Tallahassee

      Well-maintained 1,200 SF office/retail condo in a prime location.
      2901 Tallahassee Dr, Tallahassee, FL 32301
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      10,305 SF

      Tallahassee Retail Space Available

      Prime retail space, 973-2,546 sq ft.
      1016 Magnolia Dr, Tallahassee, FL 32301
      View Details
    • Contact for pricing
      3,167 SF

      Retail Space on Apalachee Pkwy

      Retail space in high-traffic area with established retail footprint.
      2425 Apalachee Pkwy, Tallahassee, FL 32301
      View Details
    • $12 SF/Yr
      20,000 SF

      Magnolia Park Retail Space Available

      Tallahassee storefront, multiple units, high visibility.
      111 Magnolia Dr, Tallahassee, FL 32301
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Tallahassee Center

      Publix-anchored retail space serving southeast Tallahassee's growing residential communities.
      3551 Blair Stone Rd, Tallahassee, FL 32301
      View Details
    • $16 SF/Yr
      9,520 SF

      Crescent Park Retail Space Available

      Prime Retail Space, High Traffic Area
      720 Capital Cir, Tallahassee, FL 32301
      View Details
    • $12 SF/Yr
      10,000 SF

      Retail Plaza Anchored by Best Buy

      Retail space in a high-traffic plaza near downtown.
      1400 Apalachee Pkwy, Tallahassee, FL 32301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2807 Monroe St
    Tallahassee, FL 32301-6951
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.