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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Distribution centers
3035 Jackson Blf Rd Tallahassee, FL 32304-4415
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0253415
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,202 SF
Lot
5.17 ac (225,205 SF)
APN
41-04-20-212-000-0
UPID
US18-0253415
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.55M
Owner & transaction history
Garner Tallahassee LLC · 4 yrs held
Garner Tallahassee LLC
since 2022
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+88.1%
Medical building
$3.7M
+86.4%
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
$2,715,000
ML approach
$2,500,000
CAP Approach
CAP Return
Estimation
6%
$2,885,000
6.5%
$2,660,000
7%
$2,470,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,995,000
Current use
OFFICE BUILDING
$3,750,000
Change: +88% · Conversion: Difficult
MEDICAL BUILDING
$3,720,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10% · vs last sale $2.50M (Mar 17 2022)
Last sale anchor
$2.50M
Mar 17 2022
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
$115 / 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
$26,573
Tax year 2023
Assessed value
$1,373,315
Assessed 2023
Previous assessed
$622,838
+120.5% YoY
Effective rate
1.93%
On assessed value
Assessed land
$281,506
Assessed improvement
$1,091,809
Land market value
$281,506
Improvement market value
$1,091,809
Total market value
$1,373,315
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
22,202 SF
Lot
5.17 ac (225,205 SF)
APN
41-04-20-212-000-0
UPID
US18-0253415
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
WAREHOUSE, STORAGE Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
5.17 ac
Current owner
From public records · entity-resolved
Garner Tallahassee LLC
Entity
Mailing address
952 ECHO LN STE #400, HOUSTON, TX 77024-2820
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2022
$2,500,000
Garner Tallahassee LLC
Kasper Holdings Of Tallahassee LLC
Special Warranty Deed
—
Sep 30, 2020
—
Kasper Holdings Of Tallahassee LLC
—
Deed
related
$676,250 · Prime Meridian Bank
May 2, 2003
$650,000
Kasper Holdings Of Tallahassee
Alterman Transport Lines INC
Grant Deed
related
$585,000 · Alterman Transport Lines INC
—
—
Kasper Holdings Of Tallahassee Ll
—
Loan Modification
related
$810,608 · Iberiabank
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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