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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Banks
3343 Thomasville Rd Tallahassee, FL 32308-7977
Individually Owned
17-yr Hold
Free & Clear
Property ID
US18-1273095
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2010
Construction
FRAME
Total area
5,786 SF
Lot
1.49 ac (64,904 SF)
APN
11-08-20-453-000-0
UPID
US18-1273095
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
-
First Commerce Credit Union Credit Union
-
SIX PILLARS FINANCIAL ADVISORS Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$510k
Owner & transaction history
Florida Commerce Cu · 17 yrs held
Florida Commerce Cu
since 2009
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$755,000
+82.7%
Retail stores
$670,000
+62.6%
Medical building
$515,000
+24.0%
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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$415,000
Current use
RESTAURANT
$755,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$515,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$420,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$88 / 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
$28,561
Tax year 2023
Assessed value
$1,476,079
Assessed 2023
Previous assessed
$1,476,079
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$697,718
Assessed improvement
$778,361
Land market value
$697,718
Improvement market value
$778,361
Total market value
$1,476,079
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2010
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
5,786 SF
Lot
1.49 ac (64,904 SF)
APN
11-08-20-453-000-0
UPID
US18-1273095
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
FINANCIAL BUILDING Current
Est. value
$415,000
RESTAURANT
Est. value
$755,000
RETAIL STORES
Est. value
$670,000
MEDICAL BUILDING
Est. value
$515,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$420,000
FINANCIAL BUILDING Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2010
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Florida Commerce Cu
Individual
Free & Clear · 17 yrs held
Mailing address
PO BOX 6416, TALLAHASSEE, FL 32314-6416
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2009
$1,500,000
Florida Commerce Cu
Thomasville National Bank
Warranty Deed
—
Jun 14, 2006
—
Thomasville National Bank
Tnb Financial Services INC
Quit Claim Deed
related
—
May 23, 2005
$930,700
Tnb Financial Services INC
Trep Ltd
Grant Deed
related
—
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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