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Property profile & analytics
OFF-MARKET
Estimated value
$1,415,000
Community centers
2887 Kerry Frst Pkwy 1 Tallahassee, FL 32312-4864
Individually Owned
9-yr Hold
Free & Clear
Property ID
US18-4469499
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2007
Construction
FRAME
Total area
11,160 SF
Lot
1.54 ac (67,082 SF)
APN
14-28-20-224-004-0
UPID
US18-4469499
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
-
Renegade Barber Shop Barber Shop
-
Dave's Pizza Garage Restaurant
-
Starbucks Cafe & Coffee Shop
-
J. Lynn's Boutique Consignment Clothing & Fashion Store
-
Massage Envy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
Peter A Desantis III · 9 yrs held
Peter A Desantis III
since 2017
5 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,125,000
6.5%
$1,960,000
7%
$1,820,000
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±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
$127 / 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
$26,263
Tax year 2023
Assessed value
$1,376,545
Assessed 2023
Previous assessed
$1,227,039
+12.2% YoY
Effective rate
1.91%
On assessed value
Assessed land
$486,345
Assessed improvement
$890,200
Land market value
$486,345
Improvement market value
$890,200
Total market value
$1,376,545
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
2007
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
11,160 SF
Lot
1.54 ac (67,082 SF)
APN
14-28-20-224-004-0
UPID
US18-4469499
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
2007
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Peter A Desantis III
Individual
Free & Clear · 9 yrs held
Mailing address
3520 THOMASVILLE RD STE #200, TALLAHASSEE, FL 32309-3469
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
May 12, 2017
—
Peter A Desantis III
Desantis Peter A JR Trust
Quit Claim Deed
—
Apr 3, 2017
—
Peter A Desantis JR
—
Deed
related
$900,000 · Thomasville Nat'l Bk
Nov 22, 2006
—
Desantis Peter A JR Trust
Desantis,peter A JR
Quit Claim Deed
related
—
Jan 2, 2003
$750,000
Peter Desantis
Bull Run South LLC
Grant Deed
—
—
—
Peter A Desantis JR
—
Loan Modification
related
$900,000 · 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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