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Property profile & analytics
OFF-MARKET
Office buildings
313 Johnston St Tallahassee, FL 32303-6213
Entity Owned
Free & Clear
Property ID
US18-1925863
Property summary
AI-generated overview
This stunning, completely renovated 1927 Midtown Tallahassee cottage, situated on a 7,405 square foot lot, presents a unique investment opportunity. Currently configured as a 1,565 square foot executive office space, this two-story building boasts a 7.00% capitalization rate. The property features a full kitchen and bathrooms equipped with showers, offering flexibility for conversion back to residential use. The existing office space is ideal for professional use, while the property's potential extends beyond its current configuration. Conditional approval exists for the addition of three residential units to the rear of the property, significantly increasing income potential. The property's APN is 21-25-49-019-00F.0. Built in 1927 and extensively renovated in 2020, this property combines historic charm with modern updates. The asking price is $385,000, translating to a price per square foot of $246.01. This prime Midtown location offers exceptional visibility and accessibility. Serious inquiries are encouraged to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1927
Construction
WOOD
Total area
1,568 SF
Lot
0.17 ac (7,405 SF)
APN
21-25-49-019-00F-0
UPID
US18-1925863
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
-
Orrick Litigation P.A. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
5 Chairs LLC
5 Chairs LLC
since 2025
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,207
Tax year 2023
Assessed value
$165,742
Assessed 2023
Previous assessed
$160,146
+3.5% YoY
Effective rate
1.93%
On assessed value
Assessed land
$49,984
Assessed improvement
$115,758
Land market value
$49,984
Improvement market value
$115,758
Total market value
$165,742
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1927
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
1,568 SF
Lot
0.17 ac (7,405 SF)
APN
21-25-49-019-00F-0
UPID
US18-1925863
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
1927
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
5 Chairs LLC
Entity
Free & Clear · 0 yrs held
Mailing address
313 JOHNSTON ST, TALLAHASSEE, FL 32303-6213
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2025
—
5 Chairs LLC
Erik M Lilliebjerg
Special Warranty Deed
—
Jan 21, 2025
$371,300
Erik M Lilliebjerg
Howard Orrick Judson
Warranty Deed
—
Jul 28, 2020
—
Judson H Orrick
Florida Conference Assn Of Sevent
Quit Claim Deed
related
—
Dec 10, 2019
—
Howard Orrick Judson
—
Deed
related
$193,203 · Capital City Bank
Nov 30, 2017
$240,000
Judson H Orrick
Jsj Acquisitions LLC
Warranty Deed
$408,000 · Farmers & Merchants Nat'l Bk
Oct 15, 2015
—
Jsj Acquisitions LLC
Johnson,james S
Warranty Deed
—
Aug 19, 2015
$136,500
James S Johnson
Mosaic Assembly Of God Ch INC
Warranty Deed
—
Dec 22, 2014
$1,120,000
Mosaic Assembly Of God Church INC
St Peters Anglican Church INC
Warranty Deed
$430,000 · Capital City Bank
Dec 30, 2009
$170,000
Stpeters Anglican Church INC
Thomasville Road Partners LLC
Warranty Deed
—
Feb 7, 2006
$1,100,000
Thomasville Road Partners LLC
Midtown Capital LLC
Warranty Deed
—
Nov 28, 2001
$165,000
Tallahassee Church Of Chirst
Strickland,paul A
Grant Deed
$165,000 · First Union National Bank
Apr 30, 1998
$5,000
Michael E Moffett
Moffett,jennifer M
Quit Claim Deed
related
—
Mar 14, 1996
—
Paul A Strickland
—
Trustees Deed
related
$30,000 · First Federal Bank NA
—
—
Paul A Strickland
—
Deed Of Trust
related
$128,000 · Guaranty National 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.
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