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Property profile & analytics
OFF-MARKET
Estimated value
$2,055,000
Industrial properties
2811 Industrial Plz Dr Ste A Tallahassee, FL 32301-3583
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-0920167
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,500 SF
Lot
1.1 ac (47,916 SF)
APN
11-28-81- B-005-0
UPID
US18-0920167
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
-
Physical Rehab Specialist Physician
-
Gallop's Family Center High School Daycare Center
-
Rodrigo Agbunag Physician
-
Capital Preparatory High School
-
little ninjas testing requirements High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$2.06M
Owner & transaction history
Liao Family Trust · 6 yrs held
Liao Family Trust
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.3M
+8.1%
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%
$2,755,000
6.5%
$2,545,000
7%
$2,365,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,015,000
Current use
OFFICE BUILDING
$3,260,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$2,930,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$2,425,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±10%
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
$117 / 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
$16,616
Tax year 2023
Assessed value
$888,888
Assessed 2023
Previous assessed
$769,900
+15.5% YoY
Effective rate
1.87%
On assessed value
Assessed land
$155,727
Assessed improvement
$733,161
Land market value
$155,727
Improvement market value
$733,161
Total market value
$888,888
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Total area
17,500 SF
Lot
1.1 ac (47,916 SF)
APN
11-28-81- B-005-0
UPID
US18-0920167
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
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
OFFICE BUILDING
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Liao Family Trust
Trust
Mailing address
2811 INDUSTRIAL PLZ DR STE B, TALLAHASSEE, FL 32301-3583
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2019
$100
Liao Family Trust
Liao,ingshang & Yuh-lie
Grant Deed
related
—
Dec 5, 2017
—
Gallop P Franklin
—
Deed
related
$1,214,476 · Financial Svcs/america
May 26, 2009
—
Road Ptshp Riggins
Miccosukee & Riggins Ptshp
Quit Claim Deed
related
—
May 26, 2009
$1,518,100
Gallop P Franklin
Riggins Road Ptshp
Warranty Deed
$1,214,476 · Riggins Road Ptshp
May 1, 2009
—
Gallop P Franklin
Owner Name Unavailable
Grant Deed
related
—
Mar 26, 2009
—
Alisa L Ghazvini
Ghazvini,mehrdad N
Quit Claim Deed
related
—
Dec 31, 2003
—
Riggins Road Partnership
Nejad,hossein G & Behzad
Grant Deed
$1,450,000 · Farmers & Merchants Bank (fl)
Oct 17, 1997
$800,000
Lane P Smith
Industrial Plaza East
Grant Deed
$640,000 · Suntrust Bank NA
—
—
Timber Ridge Of Tallahassee INC
—
Deed Of Trust
related
$2,178,000 · Hancock Bank
—
—
Gallop P Franklin
—
Loan Modification
related
$1,214,476 · Financial Svcs/america
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
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