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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
2849 Pablo Ave Tallahassee, FL 32308-4288
Entity Owned
~
Est. High Equity
Property ID
US18-4326349
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2013
Construction
FRAME
Total area
3,413 SF
Lot
0.39 ac (16,988 SF)
APN
11-15-30- C-006-0
UPID
US18-4326349
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
-
telaGen, LLC Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$595k
Blend (final)
Blend
$685k
Owner & transaction history
Bioalliance Holdings LLC
Bioalliance Holdings LLC
since 2026
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$960,000
+71.0%
Commercial (general)
$725,000
+29.3%
Retail stores
$725,000
+29.2%
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%
$745,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$565,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$960,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$725,000
Change: +29% · Conversion: Easy
RETAIL STORES
$725,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$570,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $800k (Jan 9 2026)
Last sale anchor
$800k
Jan 9 2026
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
$201 / 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
$7,698
Tax year 2023
Assessed value
$397,857
Assessed 2023
Previous assessed
$382,562
+4.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$72,199
Assessed improvement
$325,658
Land market value
$72,199
Improvement market value
$325,658
Total market value
$397,857
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
3,413 SF
Lot
0.39 ac (16,988 SF)
APN
11-15-30- C-006-0
UPID
US18-4326349
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
OFFICE BUILDING Current
Est. value
$565,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$725,000
RETAIL STORES
Est. value
$725,000
MEDICAL BUILDING
Est. value
$570,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
2013
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Bioalliance Holdings LLC
Entity
Mailing address
PO BOX 3886, TALLAHASSEE, FL 32315-3886
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2026
$800,000
Bioalliance Holdings LLC
T2k Fregly LLC
Warranty Deed
$500,000 · T2k Fregly LLC
Mar 17, 2020
—
T2k Fregly LLC
—
Deed
related
$215,044 · Thomasville Nat'l Bk
Jun 16, 2016
—
T2k Fregly LLC
—
Deed
related
$250,000 · Farmers & Merchants Nat'l Bk
—
—
T2k Fregly LLC
—
Deed Of Trust
related
$250,000 · Farmers & Merchants Nat'l Bk
—
—
T2k Fregly LLC
—
Deed Of Trust
related
$215,044 · Thomasville Nat'l 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.
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