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Property profile & analytics
OFF-MARKET
Banks
415 Monroe St Tallahassee, FL 32301-1257
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-5332726
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2009
Construction
FRAME
Total area
9,830 SF
Lot
0.31 ac (13,504 SF)
APN
21-36-96-000-009-0
UPID
US18-5332726
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
-
LeRoc Lounge Cafe & Coffee Shop
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Hotel Duval, Autograph Collection Hotel & Motel
-
347 Grille by Coach Shula Restaurant
-
Level 8 Lounge Bar & Pub Nightclub
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
Swplaza III LLC · 12 yrs held
Swplaza III LLC
since 2013
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
$18,194
Tax year 2023
Assessed value
$962,016
Assessed 2023
Previous assessed
$847,038
+13.6% YoY
Effective rate
1.89%
On assessed value
Assessed land
$180,000
Assessed improvement
$782,016
Land market value
$180,000
Improvement market value
$782,016
Total market value
$962,016
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
9,830 SF
Lot
0.31 ac (13,504 SF)
APN
21-36-96-000-009-0
UPID
US18-5332726
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
2009
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Swplaza III LLC
Entity
Mailing address
2000 HIGH WICKHAM PL STE #300, LOUISVILLE, KY 40245-5909
Ownership since
2013
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
Dec 29, 2014
—
Swplaza III LLC
—
Loan Modification
related
$20,000,000 · Branch Bk&tr
Nov 7, 2013
$7,666,700
Swplaza III LLC
415 Food & Beverage LLC
Grant Deed
$14,835,000 · Hancock Bank
Oct 1, 2009
—
Forrest Henry LLC
Duval Partners LLC
Warranty Deed
$2,600,000 · Prime Meridian Bank
Sep 10, 2007
$3,650,000
Duval Partners LLC
Phipps Hotels INC
Warranty Deed
$4,750,000 · Park Avenue Bank
—
—
Duval Partners LLC
—
Deed Of Trust
related
$7,226,400 · Park Avenue Bank
—
—
Duval Partners LLC
—
Deed Of Trust
related
$11,200,000 · Park Avenue 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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