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    Property profile & analytics

    3846 Monroe St Tallahassee, FL 32303-2172

    • Turn key restaurants
    • 6,396 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimation
    $3,555,000
    Last Sale
    Jun 11, 2024
    $3,542,200
    Location Intelligence
    Property ID
    US18-5589790
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Swift Title Loans / Loan Agency
    • Armor Self Storage Unit / Storage Facility
    • Auto Xperts / Auto Repair Shop / Brake Shop

    Property Details for 3846 Monroe St

    Year built
    1998
    Construction
    FRAME
    Lot size
    1.09 lot acres
    Property size
    6,396 SF
    Property type
    Turn key restaurants
    APN
    21-09-20-003-000-0
    APU
    2109200030000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,540,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,570,000
      6.5%
      $3,865,000
      7%
      $3,325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,245,000
      Geo Method
      $3,545,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,900,000
      Retail
      $3,390,000
      Mixed-Use
      $3,530,000
      Hospitality
      $4,140,000
      Educational
      $4,120,000
      Residential Income
      $3,405,000
      Energy
      $4,135,000
      Income-Based Land
      $3,710,000
      Food Service
      $4,150,000

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.3303
    Latitude
    30.5032
    CBSA code
    45220
    CBSA name
    TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,909
    $180,424
    $279,976
    $460,400
    -
    $180,424
    $279,976
    $460,400

    Comparable in this City

    • Value Estimation by Request
      7,835 SF

      2583 Monroe St

      RESTAURANT • 7,835 SF
      2583 Monroe St, Tallahassee, FL 32303-4025
      View Details
    • Value Estimation by Request
      2,407 SF

      1851 M L King Jr Blvd

      RESTAURANT • 2,407 SF
      1851 M L King Jr Blvd, Tallahassee, FL 32303-4701
      View Details
    • Value Estimation
      $1,200,000
      3,075 SF

      2329 Monroe St

      RESTAURANT • 3,075 SF
      2329 Monroe St, Tallahassee, FL 32303-4733
      View Details
    • Value Estimation
      $2,050,000
      15,184 SF

      2698 Monroe St

      RESTAURANT • 15,184 SF
      2698 Monroe St, Tallahassee, FL 32303-4028
      View Details
    • Value Estimation
      $265,000
      1,192 SF

      4806 Jackson Cv Rd

      RESTAURANT • 1,192 SF
      4806 Jackson Cv Rd, Tallahassee, FL 32303-8097
      View Details
    • Value Estimation
      $530,000
      5,810 SF

      123 5th Ave

      RESTAURANT • 5,810 SF
      123 5th Ave, Tallahassee, FL 32303-6122
      View Details

    Similar Nearby for Sale

    • $650,000
      70,000 SF

      Turnkey Restaurant in Tallahassee

      Restaurant with dedicated clientele, fully built kitchen, ample parking.
      3840 N Monroe St Suite, Tallahassee, FL 32303
      View Details
    • $700,000
      70,000 SF

      Turnkey Restaurant at Highway Intersection

      Restaurant with high-grade kitchen, ample parking, and high traffic volume.
      3840 N Monroe St, Tallahassee, FL 32303
      View Details
    • $2,295,000
      7,933 SF

      Tallahassee Retail Strip Center For Sale

      7,933 SF retail strip center, 100% leased in Tallahassee.
      1212-1216 N Monroe St, Tallahassee, FL 32303
      View Details
    • $1,100,000
      3,200 SF

      Tallahassee Multi-Tenant Retail Building

      High-traffic, fully leased bar & restaurant.
      3808 Monroe St, Tallahassee, FL 32303
      View Details
    • $1,300,000
      4,846 SF

      Prime Tallahassee Retail Investment Opportunity

      4,846 SF former restaurant building near Florida State University.
      220 W Tennessee St, Tallahassee, FL 32303
      View Details
    • $510,000
      0.19 Acres

      Tallahassee Commercial Property with Parking

      Commercial property in Tallahassee, FL with parking and patio.
      707-717 Old Bainbridge Rd, Tallahassee, FL 32303
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail/Restaurant Space in Northwood Centre

      Retail or restaurant space in a high-traffic location.
      1885 Northwood Center Blvd, Tallahassee, FL 32303
      View Details
    • $20 SF/Yr
      21,853 SF

      Midtown Tallahassee Retail Space

      Prime Restaurant Space Available, 1,448-4,515 SF
      1122 Thomasville Rd, Tallahassee, FL 32303
      View Details
    • Contact for pricing
      5,000 SF

      Retail/Restaurant Space For Rent

      Retail or restaurant space in a high-traffic location.
      1885 Northwood Blvd, Tallahassee, FL 32303
      View Details
    • $52 SF/Yr
      800 SF

      Tharpe St. Dual Drive-Thru Retail

      Prime Tallahassee location, 800 sq ft, new construction.
      952 Tharpe St, Tallahassee, FL 32303
      View Details
    • $23 SF/Yr

      Restaurant Space with Outdoor Patio

      Restaurant space for lease with excellent visibility and ample parking.
      1303 S Monroe St, Tallahassee, FL 32303
      View Details
    • $20 SF/Yr
      5,330 SF

      Tharpe Street Retail Opportunity

      Prime Tallahassee Retail Space Available
      950 Tharpe St, Tallahassee, FL 32303
      View Details
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    Tallahassee, FL 32303-2172
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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