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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Motels
3090 Monroe St Tallahassee, FL 32303-2818
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1824461
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Construction
WOOD
Total area
12,777 SF
Lot
1.83 ac (79,715 SF)
APN
21-15-20-403-000-0
UPID
US18-1824461
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
-
Quality Inn Tallahassee Near University Hotel & Motel
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CDReload - Online Bitcoin ATM Bank Credit Union
-
UPS Access Point location Courier Service Postal Service
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
Ami 1360 LLC · 3 yrs held
Ami 1360 LLC
since 2023
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+291.8%
Industrial (general)
$2.5M
+233.8%
Office building
$1.8M
+136.6%
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
$2,005,000
ML approach
$2,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,980,000
Change: +292% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,540,000
Change: +234% · Conversion: Difficult
OFFICE BUILDING
$1,800,000
Change: +137% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,690,000
Change: +122% · Conversion: Difficult
RESTAURANT
$1,245,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±10% · vs last sale $2.55M (May 27 2022)
Last sale anchor
$2.55M
May 27 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
$162 / 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
$26,670
Tax year 2023
Assessed value
$1,378,336
Assessed 2023
Previous assessed
$1,275,068
+8.1% YoY
Effective rate
1.93%
On assessed value
Assessed land
$562,500
Assessed improvement
$815,836
Land market value
$562,500
Improvement market value
$815,836
Total market value
$1,378,336
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
75
Total area
12,777 SF
Lot
1.83 ac (79,715 SF)
APN
21-15-20-403-000-0
UPID
US18-1824461
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)
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1985
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
75
Lot
1.83 ac
Current owner
From public records · entity-resolved
Ami 1360 LLC
Entity
Mailing address
3090 N MONROE ST, TALLAHASSEE, FL 32303-2818
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2023
$1,500,000
Ami 1360 LLC
Greenleaf Shopping Center INC
Warranty Deed
—
May 27, 2022
$2,550,000
Blue Water Serenity LLC
Astha Laxmi LLC
Warranty Deed
$2,410,000 · First Western Sblc INC
Jan 24, 2022
—
Astha Laxmi LLC
—
Deed
related
$1,926,100 · United States Small Business Admin
Feb 6, 2020
—
Astha Laxmi LLC
—
Deed
related
$1,910,000 · Prime Meridian Bank
Sep 26, 2016
$2,300,000
Astha Laxmi LLC
Shri Parasnath INC
Warranty Deed
$2,015,000 · Bankunited Fsb
Apr 21, 2003
$1,318,500
Shri Parasnath INC
Beal Bank Ssb
Grant Deed
—
Apr 21, 2003
$631,600
Shri Parasnath INC
Gbe Acquisitions INC
Grant Deed
$1,620,000 · Bay Bank Trust Co
Nov 20, 2002
—
Beal Bank Ssb
Better Value Inns INC
Quit Claim Deed
related
—
—
—
Shri Parasnath INC
—
Deed Of Trust
related
$930,000 · Capital City Bank
—
—
Shri Parasnath INC
—
Deed Of Trust
related
$500,000 · Bay Bank Trust 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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