Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,145,000
Residential income homes
3101 Ginger Dr Tallahassee, FL 32308-4437
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4727491
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,499 SF
Lot
5 ac (217,800 SF)
APN
11-21-20-008-000-0
UPID
US18-4727491
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
-
Aspire at Tallahassee Senior Citizen Center Rehabilitation Center
-
Kelvin Reddick, Physical Physician
-
Quinzetta M. Oliver, OTR Physician
-
Pamela Paige North Florida Senior Care Physician
-
William Lantz North Florida Senior Care Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.95M
CAP Approach
CAP
$9.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.15M
Owner & transaction history
3101 Ginger Dr Fl Owner LLC · 2 yrs held
3101 Ginger Dr Fl Owner LLC
since 2023
Last sale
$7.8M
4 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
$9,060,000
ML approach
$8,945,000
CAP Approach
CAP Return
Estimation
6%
$10,215,000
6.5%
$9,430,000
7%
$8,755,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,645,000
Change: 0% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$11,635,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$8,810,000
Change: 0% · Conversion: Moderate
RESTAURANT
$7,640,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$6,795,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$9.15M
Range $8.23M – $10.06M · ±10% · vs last sale $7.83M (Nov 7 2023)
Last sale anchor
$7.83M
Nov 7 2023
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
$156 / 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
$82,785
Tax year 2023
Assessed value
$4,278,381
Assessed 2023
Previous assessed
$4,278,381
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$1,158,696
Assessed improvement
$3,119,685
Land market value
$1,158,696
Improvement market value
$3,119,685
Total market value
$4,278,381
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
58,499 SF
Lot
5 ac (217,800 SF)
APN
11-21-20-008-000-0
UPID
US18-4727491
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
$13.6M
INDUSTRIAL (GENERAL)
Est. value
$11.6M
OFFICE BUILDING
Est. value
$8.8M
RESTAURANT
Est. value
$7.6M
RETAIL STORES
Est. value
$6.8M
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
5 ac
Current owner
From public records · entity-resolved
3101 Ginger Dr Fl Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
885 3RD AVE FL, NEW YORK, NY 10022-4834
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2023
$7,829,834
3101 Ginger Dr Fl Owner LLC
Fc Encore Tallahassee I LLC
Special Warranty Deed
—
Aug 22, 2016
$8,121,000
Fc Encore Tallahassee I LLC
Fc Encore Core Properties LLC
Grant Deed
—
Oct 12, 2006
—
Formation Portfolio I LLC
Formation Properties I LLC
Quit Claim Deed
—
—
—
Fc Encore Core Properties LLC
—
Deed Of Trust
related
$479,000,000 · Keybank USA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3101 Ginger Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
