Back to Search
Property profile & analytics
FOR SALE
Turn key restaurants
3355 Capital Cir NE Tallahassee, FL 32308
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5276404
For Sale
1 / 12
$5,500,000
3355 Capital Cir NE, Tallahassee, FL 32308
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
FRAME
Total area
10,861 SF
Lot
2.14 ac (93,393 SF)
APN
11-08-75- B-001-0
UPID
US18-5276404
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
-
RideNow Tallahassee (Bike/Boat/Book/etc) Store Car Dealership
-
RideNow Powersports Tallahassee Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.19M
Blend (final)
Blend
$4.40M
Owner & transaction history
Chilton Properties LLC · 2 yrs held
Chilton Properties LLC
since 2024
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.1M
+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
$4,400,000
ML approach
$4,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,725,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,060,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $4.40M (Jan 12 2024)
Last sale anchor
$4.40M
Jan 12 2024
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
$405 / 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
$44,163
Tax year 2023
Assessed value
$2,474,527
Assessed 2023
Previous assessed
$2,006,128
+23.3% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,003,975
Assessed improvement
$1,470,552
Land market value
$1,003,975
Improvement market value
$1,470,552
Total market value
$2,474,527
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
For Sale
Year built
1997
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Total area
10,861 SF
Lot
2.14 ac (93,393 SF)
APN
11-08-75- B-001-0
UPID
US18-5276404
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
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RESTAURANT Current
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
1997
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
Chilton Properties LLC
Entity
Mailing address
1188 E CAMELBACK RD, PHOENIX, AZ 85014-3211
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
$4,400,000
Chilton Properties LLC
Southwest Georgia Oil Company INC
Special Warranty Deed
—
Jun 30, 2021
—
Southwest Georgia Oil Company INC
Kmci Properties INC
Re-recorded Document
related
—
Jun 24, 2021
—
Southwest Georgia Oil Company INC
Kmci Properties INC
Correction Deed
related
—
Jun 11, 2021
$2,500,000
Southwest Georgia Oil Company INC
Kmci Properties INC
Special Warranty Deed
—
Nov 16, 2018
$2,500,000
Kmci Properties INC
Napleton S Tallahassee Imports LLC
Special Warranty Deed
$2,160,000 · Infiniti Financial Services
Jul 6, 2011
$1,500,000
Napletons Tallahassee Imports
Hornsby Colby Living Trust
Grant Deed
—
Aug 26, 2004
—
Hornsby Michael C Trust
Hornsby,m C
Quit Claim Deed
related
—
—
—
Napletons Tallahassee Imports
—
Deed Of Trust
related
$1,500,000 · Bank Of America
—
—
Prestige Motorcar Gallery INC
—
Deed Of Trust
related
$834,000 · Premier Bank
—
—
Prestige Motor Car Gallery INC
—
Deed Of Trust
related
$2,525,064 · Ameris Bank
—
—
M C Hornsby
—
Deed Of Trust
related
$100,000 · First National Bank
—
—
M C Hornsby
—
Deed Of Trust
related
$400,000 · Premier 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
