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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Outlet malls
3611 Woodville Hwy Tallahassee, FL 32305-7495
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3071031
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2022
Construction
FRAME
Total area
11,060 SF
Lot
3.02 ac (131,551 SF)
APN
41-13-20-401-000-0
UPID
US18-3071031
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
-
Western Union Bank Credit Union
-
Dollar General Discount Store
-
Bookkeeping By Laurie Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.41M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.39M
Owner & transaction history
Atway Properties LLC · 3 yrs held
Atway Properties LLC
since 2022
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.1M
+32.4%
Restaurant
$2.8M
+17.8%
Industrial (general)
$2.6M
+10.8%
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
$2,600,000
ML approach
$2,410,000
CAP Approach
CAP Return
Estimation
6%
$1,790,000
6.5%
$1,655,000
7%
$1,535,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,355,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,120,000
Change: +32% · Conversion: Moderate
RESTAURANT
$2,775,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,610,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,355,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$2.39M
Range $2.52M – $2.57M · vs last sale $2.39M (Nov 29 2022)
Last sale anchor
$2.39M
Nov 29 2022
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
$216 / 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
$24,278
Tax year 2023
Assessed value
$1,254,685
Assessed 2023
Previous assessed
$1,254,685
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$246,658
Assessed improvement
$1,008,027
Land market value
$246,658
Improvement market value
$1,008,027
Total market value
$1,254,685
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2022
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
11,060 SF
Lot
3.02 ac (131,551 SF)
APN
41-13-20-401-000-0
UPID
US18-3071031
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
RETAIL STORES Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RESTAURANT
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2022
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
3.02 ac
Current owner
From public records · entity-resolved
Atway Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
97 74TH ST #2, BROOKLYN, NY 11209-1904
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
—
Atway Properties LLC
—
Deed
related
$937,035 · First Internet Bank Of Indiana
Jan 31, 2024
—
Atway Properties LLC
—
Deed
related
$475,000 · Secure Bridge Fund 1 LLC
Nov 29, 2022
$2,392,500
Atway Properties LLC
Teramore Development LLC
Special Warranty Deed
—
Oct 22, 2021
$10,000
Angela R Tilley
Angela R Tilley
Deed
related
—
Jul 7, 2020
—
Timothy D Smith
Kenneth W Smith
Quit Claim Deed
related
—
Apr 2, 2019
—
Netty J Cutchen
Smith Thelma
Quit Claim Deed
related
—
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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