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Property profile & analytics
OFF-MARKET
Estimated value
$8,730,000
Office buildings
3522 Thomasville Rd Tallahassee, FL 32309-3479
Individually Owned
25-yr Hold
Free & Clear
Property ID
US18-4730166
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1989
Construction
FRAME
Total area
51,575 SF
Lot
3.51 ac (152,896 SF)
APN
11-05-51-000-007-1
UPID
US18-4730166
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
-
Sean T. Desmond, Esq. Law Firm
-
David P Healy Law Offices Law Firm
-
Atkins Environmental Consultant Engineering Consultant
-
SunTrust ATM Atm
-
Truist Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.40M
Comparable Approach
Comparable
$8.76M
Blend (final)
Blend
$8.73M
Owner & transaction history
SUNBANK/TALLAHASSEE NA
SUNBANK/TALLAHASSEE NA
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$14.5M
+42.8%
Restaurant
$12.9M
+27.1%
Commercial (general)
$11.0M
+8.0%
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%
$11,265,000
6.5%
$10,400,000
7%
$9,655,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,180,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$14,540,000
Change: +43% · Conversion: Difficult
RESTAURANT
$12,940,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,995,000
Change: +8% · Conversion: Easy
RETAIL STORES
$10,985,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$8,640,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$8.73M
Range $7.86M – $9.60M · ±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
$169 / 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
$99,944
Tax year 2023
Assessed value
$5,165,199
Assessed 2023
Previous assessed
$4,988,426
+3.5% YoY
Effective rate
1.93%
On assessed value
Assessed land
$825,638
Assessed improvement
$4,339,561
Land market value
$825,638
Improvement market value
$4,339,561
Total market value
$5,165,199
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
5
Total area
51,575 SF
Lot
3.51 ac (152,896 SF)
APN
11-05-51-000-007-1
UPID
US18-4730166
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
OFFICE BUILDING Current
Est. value
$10.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.5M
RESTAURANT
Est. value
$12.9M
COMMERCIAL (GENERAL)
Est. value
$11.0M
RETAIL STORES
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$8.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1989
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
5
Buildings
1
Lot
3.51 ac
Current owner
From public records · entity-resolved
SUNBANK/TALLAHASSEE NA
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 167, WINSTON SALEM, NC 27102-0167
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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