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Property profile & analytics
OFF-MARKET
Estimated value
$9,420,000
Turn key restaurants
3277 Mahan Dr Tallahassee, FL 32308-5536
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US18-3643589
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
49,394 SF
Lot
8.78 ac (382,457 SF)
APN
11-27-20-216-000-0
UPID
US18-3643589
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 Nissan Dealership Auto Repair Shop
-
Nissan Parts Auto Parts Store
-
Kraft Nissan Car Dealership
-
Kraft Nissan Service Auto Repair Shop
-
Nissan Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.39M
Blend (final)
Blend
$9.42M
Owner & transaction history
Pines-highland Square Assoc · 27 yrs held
Pines-highland Square Assoc
since 1998
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$13.9M
+12.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$12,395,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$13,925,000
Change: +12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,655,000
Change: -6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,530,000
Change: -15% · Conversion: Easy
RETAIL STORES
$10,520,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$9.42M
Range $8.48M – $10.36M · ±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
$191 / 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
$70,714
Tax year 2023
Previous assessed
$3,654,544
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
49,394 SF
Lot
8.78 ac (382,457 SF)
APN
11-27-20-216-000-0
UPID
US18-3643589
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
RESTAURANT Current
Est. value
$12.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.9M
INDUSTRIAL (GENERAL)
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$10.5M
RETAIL STORES
Est. value
$10.5M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
8.78 ac
Current owner
From public records · entity-resolved
Pines-highland Square Assoc
Individual
Mailing address
3277 MAHAN DR, TALLAHASSEE, FL 32308-5536
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
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
Dec 9, 2020
—
Kmci Properties INC
—
Deed
related
$2,500,000 · First A Nat'l Bkng Assn
Nov 20, 2020
—
Kmci Properties INC
—
Deed
related
$3,805,650 · First Nat'l Bkng Assn
Jun 28, 2019
—
Kmci Properties INC
—
Deed
related
$3,825,000 · Infiniti Fin'l Svcs
Nov 5, 1998
$4,789,671
Pines-highland Square Assoc
Regency Realty Group INC
Grant Deed
$2,275,000 · General Electric Capital Corp
Jan 17, 1997
$950,000
Regency Realty Group INC
Cooper,charles L & Mary R
Grant Deed
—
—
—
Kmci Properties INC
—
Deed Of Trust
related
$3,825,000 · Infiniti Fin'l Svcs
—
—
Kmci Properties INC
—
Deed Of Trust
related
$6,240,000 · Nissan Motor Acceptance Corporation Nissan Motor Acceptance Corporation
—
—
Kmci Properties INC
—
Loan Modification
related
$3,805,650 · First Nat'l Bkng Assn
—
—
Kmci Properties INC
—
Deed Of Trust
related
$2,500,000 · First A Nat'l Bkng Assn
—
—
Kraft Motorcar Holdings INC
—
Loan Modification
related
$7,500,000 · First Nat'l Bkng Assn
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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