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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Retail properties & Spaces
31515 Blue Star Hwy Midway, FL 32343-2438
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-7666007
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2018
Construction
STEEL FRAME
Total area
4,800 SF
Lot
10 ac (435,600 SF)
APN
4-08-1N-2W-0000-00144-0000
UPID
US18-7666007
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
-
Tallahassee Truck & RV Service Auto Repair Shop
-
Tallahassee Truck Service - RV Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$907k
Blend (final)
Blend
$660k
Owner & transaction history
Tallahassee Truck Services INC · 10 yrs held
Tallahassee Truck Services INC
since 2016
5 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 Midway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midway 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
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$605,000
Current use
AUTO REPAIR, GARAGE
$570,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
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
$138 / 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
$8,244
Tax year 2023
Assessed value
$621,801
Assessed 2023
Previous assessed
$614,231
+1.2% YoY
Effective rate
1.33%
On assessed value
Assessed land
$400,000
Assessed improvement
$221,801
Land market value
$400,000
Improvement market value
$221,801
Total market value
$621,801
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
2
Total area
4,800 SF
Lot
10 ac (435,600 SF)
APN
4-08-1N-2W-0000-00144-0000
UPID
US18-7666007
Jurisdiction
GADSDEN
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$570,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
AUTO REPAIR, GARAGE
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
2018
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
10 ac
Current owner
From public records · entity-resolved
Tallahassee Truck Services INC
Entity
Free & Clear · 10 yrs held
Mailing address
31515 BLUE STAR HWY, MIDWAY, FL 32343-2438
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2016
$220,000
Tallahassee Truck Services INC
Evergreen Land LLC
Warranty Deed
—
Apr 20, 2011
$130,000
Evergreen Land LLC
Branch Bkng & Trust Co
Grant Deed
—
Jul 23, 2010
$747,500
Branch Bkng & Trust Co
Midway Commerce Park LLC
Warranty Deed
related
—
Sep 11, 2007
$806,800
Midway Commerce Park LLC
Big Bend Equipment Co
Quit Claim Deed
related
$747,500 · Branch Banking And Trust Co
Sep 7, 2005
$1,000,000
Big Bend Equipment Co
Dover,rebecca C
Warranty Deed
$800,000 · Rebecca C Dover
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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