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    Property profile & analytics

    3216 Monroe St Tallahassee, FL 32303-2822

    • Hotels
    • 36,094 SF
    • 2.13 lot acres
    OFF-MARKET
    Value Estimation
    $5,105,000
    Last Sale
    Aug 03, 2021
    $4,800,000
    Location Intelligence
    Property ID
    US19-0411966
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Radha Krishna mart / Indian Grocery Store
    • Sleep Inn & Suites Tallahassee-Capitol / Hotel

    Property Details for 3216 Monroe St

    Year built
    1998
    Construction
    WOOD
    Lot size
    2.13 lot acres
    Property size
    36,094 SF
    Property type
    Hotels
    APN
    21-15-51-447-111-2
    APU
    2115514471112

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,555,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,900,000
      6.5%
      $4,920,000
      7%
      $5,340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,410,000
      Geo Method
      $4,380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,585,000
      Retail
      $3,755,000
      Mixed-Use
      $3,775,000
      Hospitality
      $4,350,000
      Educational
      $3,535,000
      Residential Income
      $4,340,000
      Energy
      $4,690,000
      Income-Based Land
      $3,920,000
      Food Service
      $4,475,000

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.3162
    Latitude
    30.486
    CBSA code
    45220
    CBSA name
    TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,995
    $864,500
    $1,551,373
    $2,415,873
    -
    $864,500
    $1,551,373
    $2,415,873

    Comparable in this City

    • Value Estimation
      $7,050,000
      38,457 SF

      3219 Monroe St

      HOTEL • 38,457 SF
      3219 Monroe St, Tallahassee, FL 32303-2821
      View Details
    • Value Estimation by Request
      232,739 SF

      2415 Monroe St

      HOTEL • 232,739 SF
      2415 Monroe St, Tallahassee, FL 32303-4135
      View Details
    • Value Estimation by Request
      22,749 SF

      2702 Monroe St

      HOTEL • 22,749 SF
      2702 Monroe St, Tallahassee, FL 32303-4030
      View Details
    • Value Estimation
      $3,740,000
      26,882 SF

      1695 Capital NW Cir

      HOTEL • 26,882 SF
      1695 Capital NW Cir, Tallahassee, FL 32303-3113
      View Details
    • Value Estimation by Request
      111,632 SF

      John Knox Rd

      HOTEL • 111,632 SF
      John Knox Rd, Tallahassee, FL 32303
      View Details
    • Value Estimation by Request
      39,265 SF

      3096 Monroe St

      HOTEL • 39,265 SF
      3096 Monroe St, Tallahassee, FL 32303-2818
      View Details

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      0.67 acre commercial land near new Publix in Tallahassee.
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      Tallahassee Land Near State Capitol

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    Similar Nearby for Lease

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      Prime Tallahassee Retail Space Available
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      View Details
    • $15 SF/Yr
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      The Hub Coworking Suites in Midtown

      Prime Tallahassee coworking space, 7 suites available.
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      View Details
    • $1,300 /Mo
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      Capital Circle Rental Overlooking Lake

      Rental property near Capital Circle with lake views and private baths.
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      View Details
    • $3 SF/Yr
      120 SF

      Flexible Office Space Available

      Serviced offices with flexible sizes, furnished or unfurnished units.
      267 John Knox Rd, Tallahassee, FL 32303
      View Details

    Property Visit Statistics

    • Visits by month
      6.3k
    • Visitors by month
      2.5k
    • Avg Time on site
      468 min
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    3216 Monroe St
    Tallahassee, FL 32303-2822
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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