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    Property profile & analytics

    3513 Apalachee Pkwy Tallahassee, FL 32311-5305

    • Banks
    • 2,485 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimation
    $1,170,000
    Last Sale
    Jun 01, 2023
    $1,150,000
    Location Intelligence
    Property ID
    US18-2930888
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Capital City Bank - ATM Only / Atm

    Property Details for 3513 Apalachee Pkwy

    Year built
    2003
    Construction
    WOOD
    Lot size
    0.90 lot acres
    Property size
    2,485 SF
    Property type
    Banks
    APN
    31-03-45-000-004-0
    APU
    3103450000040

    Description

    This exceptional retail property, a former bank branch, offers 2,485 square feet of space situated on a 0.9-acre lot in Tallahassee, Florida. Located at 3513 Apalachee Parkway, near the intersection of Apalachee Parkway and Capital Circle, this single-tenant building boasts excellent highway visibility and accessibility. Built in 2003, the one-story structure features 16 parking spaces and benefits from full primary access as well as secondary access to two lighted intersections. The property enjoys a high traffic count of approximately 31,000 vehicles daily, making it an ideal location for a variety of businesses. Its previous use as a drive-thru bank suggests suitability for similar businesses, including fast food restaurants, financial institutions, car washes, healthcare facilities, or auto-related businesses. The property is available for sale or lease and presents a compelling opportunity for investors and entrepreneurs seeking a high-traffic location with significant visibility in a thriving Tallahassee market. The property's location on a Wal-Mart outparcel further enhances its desirability and potential for success.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,175,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,245,000
      6.5%
      $1,055,000
      7%
      $1,175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,280,000
      Geo Method
      $1,040,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,170,000
      Retail
      $1,305,000
      Mixed-Use
      $1,010,000
      Hospitality
      $1,235,000
      Educational
      $1,075,000
      Residential Income
      $1,140,000
      Energy
      $1,235,000
      Income-Based Land
      $1,265,000
      Food Service
      $960,000

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2151
    Latitude
    30.4277
    CBSA code
    45220
    CBSA name
    TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,824
    $235,224
    $412,211
    $647,435
    -
    $235,224
    $412,211
    $647,435

    Comparable in this City

    • Value Estimation by Request
      3,986 SF

      3190 Apalachee Pkwy, Unit 1

      FINANCIAL BUILDING • 3,986 SF
      3190 Apalachee Pkwy, Tallahassee, FL 32311-5202
      View Details
    • Value Estimation
      $365,000
      2,992 SF

      3615 Apalachee Pkwy

      FINANCIAL BUILDING • 2,992 SF
      3615 Apalachee Pkwy, Tallahassee, FL 32311-4001
      View Details
    • Value Estimation by Request
      4,464 SF

      3641 Coolidge Ct

      FINANCIAL BUILDING • 4,464 SF
      3641 Coolidge Ct, Tallahassee, FL 32311-7894
      View Details
    • Value Estimation by Request
      6,123 SF

      2770 Capital SE Cir

      FINANCIAL BUILDING • 6,123 SF
      2770 Capital SE Cir, Tallahassee, FL 32311-7804
      View Details
    • Value Estimation by Request
      3,847 SF

      3621 Apalachee Pkwy

      FINANCIAL BUILDING • 3,847 SF
      3621 Apalachee Pkwy, Tallahassee, FL 32311-4001
      View Details
    • Value Estimation by Request
      3,850 SF

      8147 Apalachee Pkwy

      CONVENIENCE STORE • 3,850 SF
      8147 Apalachee Pkwy, Tallahassee, FL 32311-3419
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
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      Two lots, high/low density potential, ideal location.
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    Similar Nearby for Lease

    • $24 SF/Yr
      750 SF

      Retail Space on Apalachee Parkway

      750 SF retail space with pylon signage available for lease.
      3539 Apalachee Pkwy, Tallahassee, FL 32311
      View Details
    • $1,850 /Mo
      1,324 SF

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      Townhouse with new carpet and fresh paint, includes access to amenities.
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      View Details
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    Tallahassee, FL 32311-5305
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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