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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Community centers
4650 10th St Tallahassee, FL 32304-1051
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4327834
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,926 SF
Lot
2.26 ac (98,446 SF)
APN
21-29-20-208-000-0
UPID
US18-4327834
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
$980k
CAP Approach
CAP
$865k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Kfc Tallahassee LLC · 1 yrs held
Kfc Tallahassee LLC
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+31.1%
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
$810,000
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$865,000
7%
$805,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,390,000
Current use
COMMERCIAL (GENERAL)
$1,820,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10% · vs last sale $1.43M (Jul 8 2024)
Last sale anchor
$1.43M
Jul 8 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
$222 / 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
$21,009
Tax year 2023
Assessed value
$1,085,744
Assessed 2023
Previous assessed
$1,182,693
-8.2% YoY
Effective rate
1.93%
On assessed value
Assessed land
$227,137
Assessed improvement
$858,607
Land market value
$227,137
Improvement market value
$858,607
Total market value
$1,085,744
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
4,926 SF
Lot
2.26 ac (98,446 SF)
APN
21-29-20-208-000-0
UPID
US18-4327834
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Kfc Tallahassee LLC
Entity
Mailing address
PO BOX 22845, OKLAHOMA CITY, OK 73123-1845
Ownership since
2025
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
Jan 6, 2025
$3,251,500
Kfc Tallahassee LLC
Kfc 14 Portfolio Propco LLC
Special Warranty Deed
—
Mar 25, 2020
—
Jrn INC
—
Deed
related
$2,200,000 · Bancorpsouth
Mar 5, 2020
—
Jrn INC
Jrn INC
Quit Claim Deed
related
—
Jul 12, 2006
$1,300,000
Jrn INC
Applejam INC
Grant Deed
—
Jun 8, 2005
—
Applejam INC
Florida Dept Of Transportation
Quit Claim Deed
related
—
Dec 1, 1997
$1,200,000
Applejam INC
J S M Trust
Grant Deed
$9,330,000 · Nationsbanc Mortgage Corp
—
—
Jrn INC
—
Deed Of Trust
related
$15,000,000 · Merrill Lynch Capital
—
—
Jrn INC
—
Deed Of Trust
related
$2,200,000 · Bancorpsouth
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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