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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Hotels
3388 Lonnbladh Rd Tallahassee, FL 32308-4626
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2933077
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
64,905 SF
Lot
2.23 ac (97,139 SF)
APN
11-08-20-459-000-0
UPID
US18-2933077
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
-
Hampton Inn & Suites Tallahassee I-10-Thomasville Rd Hotel & Motel
-
Florida State Capitol Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$2.94M
Owner & transaction history
Capital Hotel Investment Group LLC · 3 yrs held
Capital Hotel Investment Group LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.7M
+59.9%
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
HOTEL/MOTEL
$2,940,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,700,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±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
$45 / 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
$118,999
Tax year 2023
Previous assessed
$5,726,980
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
5
Units
122
Total area
64,905 SF
Lot
2.23 ac (97,139 SF)
APN
11-08-20-459-000-0
UPID
US18-2933077
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
HOTEL/MOTEL Current
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
HOTEL/MOTEL 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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
5
Buildings
1
Units
122
Lot
2.23 ac
Current owner
From public records · entity-resolved
Capital Hotel Investment Group LLC
Entity
Mailing address
125 NE 1ST AVE STE #1, OCALA, FL 34470-6675
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2025
—
Capital Hotel Investment Group LLC
—
Deed
related
—
Oct 12, 2022
—
Capital Hotel Investment Group LLC
Bre Seminole Property Owner LLC
Special Warranty Deed
$17,000,000 · Access Point Financial LLC
Oct 3, 2018
—
Bre Seminole Prop Owner LLC
—
Deed
related
$278,100,000 · Wells Fargo Bk
Nov 3, 2016
—
Bre Seminole Prop Owner LLC
—
Deed
related
$92,000,000 · Wells Fargo Bk
Oct 12, 2015
$17,178,750
Bre Seminole Prop Owner LLC
Dof II-tallahassee Hotel LLC
Grant Deed
—
Jul 31, 2012
$12,350,000
Dof II Tallahassee Hotel LLC
Sunshine Capital Hotels LLC
Special Warranty Deed
$11,300,000 · Starwood Property Mortgage Sub-6-a
—
—
Sunshine Capital Hotels LLC
—
Deed Of Trust
related
$238,054 · Column Financial INC
—
—
Bre Seminole Prop Owner LLC
—
Loan Modification
related
$278,100,000 · Wells Fargo Bk
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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