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Property profile & analytics
OFF-MARKET
Estimated value
$2,530,000
Schools
3611 Austin Davis Ave Tallahassee, FL 32308-7402
Individually Owned
5-yr Hold
Free & Clear
Property ID
US18-2600866
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2008
Construction
WOOD
Total area
20,728 SF
Lot
3.73 ac (162,479 SF)
APN
11-28-03-000-001-0
UPID
US18-2600866
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
-
Community Leadership Academy High School
-
Tallahassee Volleyball Academy Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$2.53M
Owner & transaction history
Community Leadership Academy I · 5 yrs held
Community Leadership Academy I
since 2020
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.1M
+118.1%
Office building
$3.1M
+65.2%
Restaurant
$2.7M
+43.2%
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
$3,205,000
ML approach
$3,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$1,890,000
Current use
INDUSTRIAL (GENERAL)
$4,120,000
Change: +118% · Conversion: Difficult
OFFICE BUILDING
$3,120,000
Change: +65% · Conversion: Difficult
RESTAURANT
$2,705,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$2,410,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$1,840,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.53M
Range $2.28M – $2.78M · ±10% · vs last sale $2.50M (Oct 1 2020)
Last sale anchor
$2.50M
Oct 1 2020
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
$122 / 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
Assessed value
$6,192,210
Assessed 2023
Previous assessed
$5,278,857
+17.3% YoY
Assessed land
$1,035,804
Assessed improvement
$5,156,406
Land market value
$1,035,804
Improvement market value
$5,156,406
Total market value
$6,192,210
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
20,728 SF
Lot
3.73 ac (162,479 SF)
APN
11-28-03-000-001-0
UPID
US18-2600866
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.1M
RESTAURANT
Est. value
$2.7M
RETAIL STORES
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$1.8M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
2008
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
3.73 ac
Current owner
From public records · entity-resolved
Community Leadership Academy I
Individual
Free & Clear · 5 yrs held
Mailing address
3122 MAHAN DR STE #801, TALLAHASSEE, FL 32308-2502
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2020
—
Community Leadership Academy I
Mahan Drive Commons LLC
Quit Claim Deed
related
—
Oct 1, 2020
$75,000
Community Leadership Academy I
Mahan Drive Commons LLC
Warranty Deed
—
Nov 20, 2018
$1,429,400
Community Leadership Academy I
3611 Austin Davis LLC
Quit Claim Deed
related
—
Sep 25, 2017
$2,500,000
3611 Austin Davis LLC
Evening Rose Propeties LLC
Warranty Deed
$1,500,000 · Thomas County Fsla
May 28, 2009
$3,932,000
Evening Rose Properties LLC
21st Century Tnd LLC
Warranty Deed
—
Jul 24, 2008
—
21st Century Tnd LLC
K2 Urbancorp LLC
Quit Claim Deed
related
—
Jul 10, 2008
—
21st Century Tnd LLC
K2 Urbancorp LLC
Quit Claim Deed
related
—
Sep 3, 2004
$1,585,000
K2 Urbancorp LLC
Capital-mahan Venture LLC
Grant Deed
related
$1,347,250 · Wakulla Bank
Oct 24, 2001
$735,714
Capital Mahan Venture LLC
Barrett,david A
Grant Deed
related
—
—
—
Community Leadership Academy I
—
Loan Modification
related
$175,720 · Tc Fed'l Bk
—
—
21st Century Tnd LLC
—
Deed Of Trust
related
$3,932,000 · Regions Bank
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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