New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Medical Office Space
3445 Bannerman Rd Ste 100, Tallahassee, FL 32312-7053
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-7935769
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Construction
FRAME
Total area
8,064 SF
Lot
1.21 ac (52,708 SF)
APN
14-22-28-000-004-0
UPID
US18-7935769
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.44M
Owner & transaction history
Bannerman Crossings II LLC · 11 yrs held
Bannerman Crossings II LLC
since 2015
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.3M
+68.3%
Restaurant
$2.0M
+49.8%
Industrial (general)
$1.9M
+40.9%
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%
$1,595,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,350,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,275,000
Change: +68% · Conversion: Difficult
RESTAURANT
$2,025,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,905,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,720,000
Change: +27% · Conversion: Easy
RETAIL STORES
$1,720,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$1,365,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±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
$178 / 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
$26,256
Tax year 2023
Assessed value
$1,780,399
Assessed 2023
Previous assessed
$1,672,085
+6.5% YoY
Effective rate
1.47%
On assessed value
Assessed land
$540,257
Assessed improvement
$1,240,142
Land market value
$540,257
Improvement market value
$1,240,142
Total market value
$1,780,399
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
8,064 SF
Lot
1.21 ac (52,708 SF)
APN
14-22-28-000-004-0
UPID
US18-7935769
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
MEDICAL BUILDING Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
RESTAURANT
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
2016
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Bannerman Crossings II LLC
Entity
Free & Clear · 11 yrs held
Mailing address
3425 BANNERMAN RD #105428, TALLAHASSEE, FL 32312-7062
Ownership since
2015
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 15, 2018
—
Bannerman Crossings II LLC
—
Deed
related
$2,000,000 · Farmers & Merchants St Bk
Jun 10, 2015
—
Bannerman Crossings II LLC
Leon County Florida
Quit Claim Deed
related
—
—
—
Bannerman Crossings II LLC
—
Deed Of Trust
related
$2,000,000 · Farmers & Merchants St 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.
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?”
You own 3445 Bannerman Rd Ste, Unit 100?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
