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Property profile & analytics
OFF-MARKET Estimated value $605,000
Community centers

3475 Thomasville Rd Tallahassee, FL 32309-3425

3,450 SF 8.66 ac lot Built 1980
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US18-2004906
Property summary
AI-generated overview

Invest in a prime retail space within the Killearn Shopping Center, a bustling 129,306 square foot power center located in Tallahassee, Florida's affluent northwest retail district. This multi-tenant shopping center boasts a strong lineup of national retailers, including a top-performing Hobby Lobby (per Creditntell data), Five Guys, CVS, and Firehouse Subs, ensuring high foot traffic and visibility. The available space totals 3,159 square feet, presenting a unique opportunity for expansion or new business establishment. Strategically situated just off Interstate 10, the center enjoys exceptional accessibility, positioned midway between Jacksonville and Pensacola along the Florida Panhandle. The surrounding trade area demonstrates robust retail sales performance for major brands such as Trader Joe's, TJ Maxx, Total Wine, Publix, Starbucks, Chipotle, Fresh Market, and Blaze Pizza, indicating a strong and affluent consumer base. Tallahassee, the capital of Florida and Leon County's largest city, boasts a population of 202,172 residents, reflecting a 7.11% growth over the past decade. This dynamic market and established tenant mix make this retail space an attractive investment opportunity.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,450 SF
Lot 8.66 ac (377,230 SF)
APN 11-08-53- A-002-0
UPID US18-2004906
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
$605k
CAP Approach CAP
$605k
Comparable Approach Comparable
$605k
Blend (final) Blend
$605k
Owner & transaction history
Cpac Killearn LLC · 7 yrs held
Cpac Killearn LLC
since 2018
4 recorded transactions
2018
$15.9M
2007
Price N/A
2003
$10.9M
2000
$8.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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