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Property profile & analytics
FOR LEASE
Distribution centers
3050 W Tharpe St 1 Tallahassee, FL 32303
Entity Owned
~
Est. High Equity
Property ID
US18-3980409
For Lease
1 / 7
$800,000
3050 W Tharpe St,Unit 1, Tallahassee, FL 32303
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1973
Construction
FRAME
Total area
16,336 SF
Lot
0.75 ac (32,670 SF)
APN
21-20-20-413-000-0
UPID
US18-3980409
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
-
Decatur Fence Company, LLC. General Contractor Construction Company
-
Florida Fence and Screen General Contractor Construction Company
-
Prestige Cleaners - Tallahassee’s Oldest Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$800k
Owner & transaction history
Walton Accommodations 258 LLC
Walton Accommodations 258 LLC
since 2026
Last sale
$850,000
7 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $850k (Feb 3 2026)
Last sale anchor
$850k
Feb 3 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
$49 / 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
$13,305
Tax year 2023
Assessed value
$697,349
Assessed 2023
Previous assessed
$667,893
+4.4% YoY
Effective rate
1.91%
On assessed value
Assessed land
$73,508
Assessed improvement
$623,841
Land market value
$73,508
Improvement market value
$623,841
Total market value
$697,349
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
For Lease
Year built
1973
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Total area
16,336 SF
Lot
0.75 ac (32,670 SF)
APN
21-20-20-413-000-0
UPID
US18-3980409
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
1973
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Walton Accommodations 258 LLC
Entity
Mailing address
3050 W THARPE ST, TALLAHASSEE, FL 32303-1184
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
—
3050 Tharpe LLC
—
Deed
related
$850,000 · Strauss Investments INC
Feb 3, 2026
$850,000
Walton Accommodations 258 LLC
Strauss Investments INC
Warranty Deed
$850,000 · Strauss Investments INC
Mar 9, 2017
—
Strauss Investments INC
—
Deed
related
$76,575 · Centennial Bk
Jul 29, 2004
—
Strauss Investments INC
—
Trustees Deed
related
$300,000 · Premier Bank
—
—
Strauss Investments INC
—
Deed Of Trust
related
$105,422 · Premier Bank
—
—
Strauss Investments INC
—
Deed Of Trust
related
$117,984 · Premier Bank
—
—
Strauss Investments INC
—
Loan Modification
related
$76,575 · Centennial Bk
—
—
Strauss Investments INC
—
Deed Of Trust
related
$125,000 · Premier Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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