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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Distribution centers
431 Capital Cir Sw Ste A Tallahassee, FL 32304-3588
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8474659
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2005
Construction
FRAME
Total area
30,000 SF
Lot
1.31 ac (57,238 SF)
APN
21-29-16-000-006-0
UPID
US18-8474659
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
-
DK Gymnastics Gym & Fitness Center
-
Grappling House Wrestling Club Sports School
-
Level Up Fútbol Sports Field & Court Sports School
-
Master Applied Coatings Rv Detailing Service
-
Ernie Sims Big HITS Foundation Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.55M
Owner & transaction history
Rkl Industrial 4 LLC · 2 yrs held
Rkl Industrial 4 LLC
since 2024
Last sale
$1.6M
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
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.55M (Aug 6 2024)
Last sale anchor
$1.55M
Aug 6 2024
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
$52 / 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
$16,523
Tax year 2023
Assessed value
$1,202,279
Assessed 2023
Previous assessed
$1,202,279
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$70,117
Assessed improvement
$1,132,162
Land market value
$70,117
Improvement market value
$1,132,162
Total market value
$1,202,279
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Total area
30,000 SF
Lot
1.31 ac (57,238 SF)
APN
21-29-16-000-006-0
UPID
US18-8474659
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
2005
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Rkl Industrial 4 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2001 MIDWEST RD STE #310, OAK BROOK, IL 60523-1340
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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 6, 2024
$1,550,000
Rkl Industrial 4 LLC
Global Industrial Properties LLC
Special Warranty Deed
—
Dec 27, 2018
$1,475,000
Industrial Properties LLC
427 & 431 Cap Circle Sw LLC
Warranty Deed
—
Dec 27, 2018
—
Global Indl Prop LLC
—
Grant Deed
related
$1,654,000 · Ameris Bk
Oct 31, 2016
$725,000
427 And 431 Capital Cir Sw LLC
Kornegay Whittaker Warhous 4 LLC
Warranty Deed
$580,000 · Thomas County Fsla
May 19, 2006
—
Kornegay-whittaker Warehouse
—
Trustees Deed
related
$558,307 · Wakulla Bank
Sep 1, 2005
$793,800
Warehouse 4 Kornegay-whittaker
Owner Name Unavailable
Warranty Deed
related
—
—
—
Warehous 4 Kornegay-whittaker
—
Deed Of Trust
related
$804,215 · Pony Express Bank
—
—
Warehous 4 Kornegay-whittaker
—
Loan Modification
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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