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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Commercial real estate
3707 Rockbrook Dr A Tallahassee, FL 32311-4039
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US18-2607120
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Construction
WOOD
Total area
5,880 SF
Lot
0.32 ac (13,939 SF)
APN
31-03-61- B-012-0
UPID
US18-2607120
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$761k
Blend (final)
Blend
$765k
Owner & transaction history
The Vendetti Boys LLC · 3 yrs held
The Vendetti Boys LLC
since 2022
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$925,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,255,000
Current use
RETAIL STORES
$1,250,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$130 / 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
$6,068
Tax year 2023
Assessed value
$313,575
Assessed 2023
Previous assessed
$313,575
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$48,000
Assessed improvement
$265,575
Land market value
$48,000
Improvement market value
$265,575
Total market value
$313,575
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
1
Stories
3
Units
8
Total area
5,880 SF
Lot
0.32 ac (13,939 SF)
APN
31-03-61- B-012-0
UPID
US18-2607120
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
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1979
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Units
8
Lot
0.32 ac
Current owner
From public records · entity-resolved
The Vendetti Boys LLC
Entity
Mailing address
1011 WALTON WAY, GREENSBORO, GA 30642-5239
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
$1,088,000
The Vendetti Boys LLC
Morazan Properties LLC
Warranty Deed
$924,800 · Thomasville National Bank
Mar 4, 2010
$310,000
Morazon Properties LLC
Wakulla Bk
Warranty Deed
—
Feb 8, 2010
—
Wakulla Bk
Miers,miley L Coc
Trustees Deed
related
—
Dec 7, 2006
—
Miers Miley L Living Trust
Miers,miley L
Quit Claim Deed
related
—
Jun 17, 2002
$575,000
Miley L Miers
Myers,gerald L
Grant Deed
$460,000 · Wakulla Bank
Dec 7, 2000
$395,000
Gerald L Myers
R & S Of Tallahassee INC
Grant Deed
$350,000 · Capital City Bank
Jul 16, 1997
$370,000
Clinton Williams
Schoenfisch,warren H & Sandra A
Grant Deed
—
—
—
Morazan Properties LLC
—
Deed Of Trust
related
$509,052 · Centennial 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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