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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Community centers
2811 Capital NE Cir Tallahassee, FL 32308-3878
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4693121
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,973 SF
Lot
1.68 ac (73,050 SF)
APN
11-16-20-208-000-0
UPID
US18-4693121
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
-
Capital Pickers LLC Home Decor Store (Bike/Boat/Book/etc) Store
-
Prometric Training Center
-
Sylvan Learning of Tallahassee Tutoring Service
-
Midtown Coffee Roasters Cafe & Coffee Shop
-
Transcendence Shop Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.01M
Blend (final)
Blend
$2.35M
Owner & transaction history
2811 Capital Circle LLC · 2 yrs held
2811 Capital Circle LLC
since 2024
Last sale
$2.4M
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
$2,350,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.35M (Apr 9 2024)
Last sale anchor
$2.35M
Apr 9 2024
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
$94 / 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
$35,010
Tax year 2023
Assessed value
$1,809,371
Assessed 2023
Previous assessed
$1,809,371
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$785,288
Assessed improvement
$1,024,083
Land market value
$785,288
Improvement market value
$1,024,083
Total market value
$1,809,371
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
24,973 SF
Lot
1.68 ac (73,050 SF)
APN
11-16-20-208-000-0
UPID
US18-4693121
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
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
2811 Capital Circle LLC
Entity
Mailing address
1843 COMMERCE BLVD, MIDWAY, FL 32343-6677
Ownership since
2024
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
Apr 9, 2024
—
2811 Capital Circle LLC
850 Investments And Management LLC
Quit Claim Deed
related
—
Apr 12, 2018
$2,350,000
850 Invs & Mgmt LLC
Landmark Furniture Galleries I
Warranty Deed
$2,100,000 · Farmers & Merchants Nat'l Bk
Feb 5, 2010
—
Furniture Galleries I Landmark
—
Trustees Deed
related
$1,825,209 · Park Avenue Bank
—
—
Furniture Galleries I Landmark
—
Deed Of Trust
related
$1,825,209 · Park Avenue Bank
—
—
Funiture Galleries Landmark
—
Deed Of Trust
related
$996,000 · Wakula Bank
—
—
Furniture Galleries I Landmark
—
Deed Of Trust
related
$1,825,210 · Park Avenue Bank
—
—
Furniture Galleries I Landmark
—
Deed Of Trust
related
$1,825,000 · First Port City 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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