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Property profile & analytics
OFF-MARKET
Industrial properties
3655 Monroe St Tallahassee, FL 32303-2753
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5482984
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1985
Construction
FRAME
Total area
1,610 SF
Lot
0.47 ac (20,473 SF)
APN
21-10-51-362-119-5
UPID
US18-5482984
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
-
Lamar Rudd Agency Insurance Agency
-
Auto Audiophiles Electronics & Wireless Store Auto Parts Store
-
Auto Audiophiles Brakes Tires & Alignment Auto Repair Shop
-
Rudd & Associates Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hlo Rentals LLC · 5 yrs held
Hlo Rentals LLC
since 2021
Last sale
$350,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,196
Tax year 2023
Assessed value
$284,507
Assessed 2023
Previous assessed
$254,530
+11.8% YoY
Effective rate
1.47%
On assessed value
Assessed land
$81,892
Assessed improvement
$202,615
Land market value
$81,892
Improvement market value
$202,615
Total market value
$284,507
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
1,610 SF
Lot
0.47 ac (20,473 SF)
APN
21-10-51-362-119-5
UPID
US18-5482984
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
Building & site characteristics
From public records
Year built
1985
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
Hlo Rentals LLC
Entity
Mailing address
403 N RIDE, TALLAHASSEE, FL 32303-5158
Ownership since
2021
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
Mar 19, 2024
—
Hlo Rentals LLC
—
Deed
related
$75,000 · Capital City Bank
Jun 4, 2021
$350,000
Hlo Rentals LLC
Gloria C Dowden
Warranty Deed
$340,000 · Capital City Bank
Apr 19, 2018
—
Lamar Rudd
—
Deed
related
$19,000 · Hamilton Management Trust (ct)
Sep 19, 2008
—
Harry Dowden
Dowden Harry Trust
Quit Claim Deed
related
—
Jul 11, 2006
—
Dowden Harry Tr
Dowden,harry
Quit Claim Deed
related
—
—
—
Lamar Rudd
—
Loan Modification
related
$19,000 · Hamilton Management Trust (ct)
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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