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Property profile & analytics
FOR LEASE
Office buildings
3606 Maclay Blvd S Tallahassee, FL 32312
Entity Owned
~
Est. High Equity
Property ID
US18-5954140
For Lease
1 / 12
$24 SF/Yr
3606 Maclay Blvd S, Tallahassee, FL 32312
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2003
Construction
FRAME
Total area
23,366 SF
Lot
2.36 ac (102,802 SF)
APN
11-05-26-000-002-0
UPID
US18-5954140
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
-
Dr. William P. Simmons, MD Pediatrician Medical Clinic
-
Bobby Abraham Physician
-
Naomi Mardesich Physician
-
Sandeep Rn Rahangdale Physician
-
DHI Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.71M
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$3.77M
Owner & transaction history
Maclay Commerce One LLC
Maclay Commerce One LLC
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.9M
+48.5%
Industrial (general)
$5.5M
+39.6%
Commercial (general)
$5.0M
+26.1%
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%
$5,105,000
6.5%
$4,710,000
7%
$4,375,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,950,000
Current use
RESTAURANT
$5,865,000
Change: +48% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,515,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,980,000
Change: +26% · Conversion: Easy
RETAIL STORES
$4,975,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$3,915,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$3.77M
Range $3.39M – $4.15M · ±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
$161 / 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
$42,887
Tax year 2023
Assessed value
$2,216,440
Assessed 2023
Previous assessed
$2,090,584
+6.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$506,814
Assessed improvement
$1,709,626
Land market value
$506,814
Improvement market value
$1,709,626
Total market value
$2,216,440
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
For Lease
Year built
2003
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Total area
23,366 SF
Lot
2.36 ac (102,802 SF)
APN
11-05-26-000-002-0
UPID
US18-5954140
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
$4.0M
RESTAURANT
Est. value
$5.9M
INDUSTRIAL (GENERAL)
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.0M
RETAIL STORES
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$3.9M
OFFICE BUILDING Current
RESTAURANT
INDUSTRIAL (GENERAL)
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
2003
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
2.36 ac
Current owner
From public records · entity-resolved
Maclay Commerce One LLC
Entity
Mailing address
PO BOX 13633, TALLAHASSEE, FL 32317-3633
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Maclay Commerce One LLC
—
Deed Of Trust
related
$2,425,000 · Business Men's Assurance Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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