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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Industrial properties
2890 Industrial Plz Dr Tallahassee, FL 32301-3539
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-0877264
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1988
Construction
FRAME
Total area
8,842 SF
Lot
3.92 ac (170,755 SF)
APN
11-28-81- A-001-0
UPID
US18-0877264
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
-
Ag-Pro Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Agnl Tractor Fl Ga LLC · 7 yrs held
Agnl Tractor Fl Ga LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+57.2%
Industrial (general)
$2.1M
+36.9%
Retail stores
$1.9M
+23.6%
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%
$1,395,000
6.5%
$1,285,000
7%
$1,195,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,525,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,395,000
Change: +57% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,085,000
Change: +37% · Conversion: Moderate
RETAIL STORES
$1,885,000
Change: +24% · Conversion: Easy
OFFICE BUILDING
$1,645,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$1,480,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,225,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±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
$173 / 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
$23,697
Tax year 2023
Assessed value
$1,269,677
Assessed 2023
Previous assessed
$1,097,241
+15.7% YoY
Effective rate
1.87%
On assessed value
Assessed land
$540,013
Assessed improvement
$729,664
Land market value
$540,013
Improvement market value
$729,664
Total market value
$1,269,677
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
1988
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
8,842 SF
Lot
3.92 ac (170,755 SF)
APN
11-28-81- A-001-0
UPID
US18-0877264
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
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1988
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
3.92 ac
Current owner
From public records · entity-resolved
Agnl Tractor Fl Ga LLC
Entity
Free & Clear · 7 yrs held
Mailing address
245 PARK AVE FL #24, NEW YORK, NY 10167-2699
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
—
Ag Pro Real Estate Investments IV L
—
Deed
related
$79,900,000 · Thomasville National Bank
Dec 3, 2019
—
Agnl Tractor Fl Ga LLC
—
Deed
related
$4,335,500 · Brighthouse Life Ins Co
Feb 11, 2019
—
Agnl Tractor Fl Ga LLC
—
Deed
related
$26,130,000 · Brighthouse Life Ins Co
Oct 24, 2018
$4,312,800
Agnl Tractor Fl Ga LLC
Ag-pro R/e Invs LLC
Grant Deed
—
May 19, 2015
$1,800,000
Ag-pro Real Estate Invs LLC
Jones Kim B
Warranty Deed
$1,800,000 · Kim B & Thomas S JR Jones
Dec 14, 2006
—
Kim B Jones
—
Trustees Deed
related
$1,000,000 · Commercial Bank
Jan 2, 1997
—
Jones Family Real Estate L P
Jones,thomas S
Quit Claim Deed
related
—
—
—
Agnl Tractor Fl Ga LLC
—
Deed Of Trust
related
$26,130,000 · Brighthouse Life Ins Co
—
—
Agnl Tractor Fl Ga LLC
—
Loan Modification
related
$4,335,500 · Brighthouse Life Ins Co
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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