Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3539 Thomasville Rd Tallahassee, FL 32309-3405
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3539 Thomasville Rd Tallahassee, FL 32309-3405

    View on Map
    • Retail space
    • 6,283 SF
    • 0.61 lot acres
    Off-Market
    Property ID
    US18-2680981
    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.
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mattress Firm Tallahassee North / Furniture & Home Goods

    Property Details for 3539 Thomasville Rd

    Year built
    1993
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.61 lot acres
    Property size
    6,283 SF
    Property type
    Retail space
    APN
    11-05-07-000-001-0
    APU
    1105070000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,015,000
      6.5%
      $940,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $801,000
      Market price range: $246k - $916k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,340,000
      Current use
      RESTAURANT
      $1,575,000
      Change: +18% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,340,000
      Change: +0% Conversion: Easy
      OFFICE BUILDING
      $1,240,000
      Change: -7% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.2453
    Latitude
    30.5113
    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
    $20,496
    $209,970
    $849,285
    $1,059,255
    -
    $209,970
    $849,285
    $1,059,255

    Comparable in this City

    • Value Estimation by Request
      1,344 SF

      10655 Centerville Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,344 SF
      10655 Centerville Rd, Tallahassee, FL 32309-7438
      View Details
    • Value Estimation
      $1,360,000
      8,812 SF

      3501 Thomasville Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,812 SF
      3501 Thomasville Rd, Tallahassee, FL 32309-3405
      View Details
    • Value Estimation by Request
      2,463 SF

      14807 Mahan Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,463 SF
      14807 Mahan Dr, Tallahassee, FL 32309-8631
      View Details
    • Value Estimation by Request
      3,590 SF

      4819 Kerry Frst Pkwy

      CONVENIENCE STORE • 3,590 SF
      4819 Kerry Frst Pkwy, Tallahassee, FL 32309-2273
      View Details
    • Value Estimation by Request
      3,500 SF

      9003 Mahan Dr

      CONVENIENCE STORE • 3,500 SF
      9003 Mahan Dr, Tallahassee, FL 32309-1401
      View Details
    • Value Estimation by Request
      5,202 SF

      3516 Thomasville Rd

      FINANCIAL BUILDING • 5,202 SF
      3516 Thomasville Rd, Tallahassee, FL 32309-3406
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,750 SF

      Thomasville Road Retail Investment

      Retail property with a new 10-year lease and strong traffic.
      3434 Thomasville Rd, Tallahassee, FL 32309
      View Details
    • Contact for pricing

      Restaurant For Sale

      6,942 sq ft restaurant in northeast retail corridor.
      3507 Thomasville Rd, Tallahassee, FL 32309
      View Details
    • Contact for pricing

      Northeast Tallahassee Former Call Center

      Two-story, 40,000 SF office building in a professional park.
      2324 Killearn Center Blvd, Tallahassee, FL 32309
      View Details
    • Contact for pricing

      Northeast Tallahassee Former Call Center

      Two-story office building with open floor plan and generator.
      2324 Killearn Center Blvd, Tallahassee, FL 32309
      View Details
    • $799,900
      0.06 Acres

      Killearn Center Blvd Office Building

      Office building with frontage on Killearn Center Blvd.
      3852 Killearn Ctr Ct, Tallahassee, FL 32309
      View Details
    • $250,000
      10.00 Acres

      9.89 Acres of Buildable Land

      9.89 acres in Tallahassee, FL, ideal for building.
      Veterans Memorial Dr, Tallahassee, FL 32309
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,653 SF

      Retail Space on Mahan Drive

      Retail space with high traffic and prime location.
      1350 Mahan Dr, Tallahassee, FL 32309
      View Details
    • $9,166 /Mo
      2,400 SF

      Retail Space with Drive-Thru

      Retail space available for lease with drive-thru.
      5099 Mint Hill Ct, Tallahassee, FL 32309
      View Details
    • $35 SF/Yr
      3,700 SF

      High-Visibility Commercial Space Available

      Adaptable commercial space with drive-thru, ideal for retail or office.
      2906 Kerry Forest Pkwy, Tallahassee, FL 32309
      View Details
    • Contact for pricing

      Retail Space in Village Commons

      Well-located neighborhood center with high visibility and strong tenant lineup.
      Thomasville Rd. & Vlg Sq Blvd, Tallahassee, FL 32309
      View Details
    • Contact for pricing

      Killearn Area Executive Suites

      Executive suites for lease in the Killearn area.
      2707 Killarney Way, Tallahassee, FL 32309
      View Details
    • $16 SF/Yr

      Office Space with Scenic Views

      Functional office space in a popular NE Tallahassee location.
      2282 Killearn Center Blvd, Tallahassee, FL 32309
      View Details

    Property Visit Statistics

    • Visits by month
      424
    • Visitors by month
      496
    • Avg Time on site
      40 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3539 Thomasville Rd
    Tallahassee, FL 32309-3405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!