New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Industrial properties
508 Capital Cir Sea Tallahassee, FL 32301-3416
Entity Owned
Free & Clear
Property ID
US18-4767998
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1987
Construction
FRAME
Total area
13,431 SF
Lot
0.24 ac (10,367 SF)
APN
11-33-20-410-001-0
UPID
US18-4767998
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
-
Pearson VUE Training Center
-
Mossa Design Group, LLC Film Production Television Studio
-
Moose Magnificat Radio Radio Station Telecommunications Service
-
ALCOM Corporation of Florida, Inc. Advertising Agency Marketing & Advertising
-
Help Us Help Christmas Connection Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.45M
Owner & transaction history
Cspr Capital Circle LLC
Cspr Capital Circle LLC
since 2026
Last sale
$1.4M
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%
$2,115,000
6.5%
$1,955,000
7%
$1,815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,315,000
Current use
MEDICAL BUILDING
$2,250,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,860,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.40M (Jul 3 2025)
Last sale anchor
$1.40M
Jul 3 2025
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
$108 / 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
$14,421
Tax year 2023
Assessed value
$767,905
Assessed 2023
Previous assessed
$669,419
+14.7% YoY
Effective rate
1.88%
On assessed value
Assessed land
$216,670
Assessed improvement
$551,235
Land market value
$216,670
Improvement market value
$551,235
Total market value
$767,905
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Total area
13,431 SF
Lot
0.24 ac (10,367 SF)
APN
11-33-20-410-001-0
UPID
US18-4767998
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
$2.3M
MEDICAL BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1987
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Cspr Capital Circle LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2510 BETTON WOODS DR, TALLAHASSEE, FL 32308-0942
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
$1,650,000
Cspr Capital Circle LLC
Vinnedge Investments INC
Warranty Deed
—
Oct 3, 2025
$1,400,000
Four Oaks Community Church INC
Vinnedge Investments INC
Special Warranty Deed
—
Apr 1, 2013
—
Capital Cty Bk
Turner Frederick E Trust
Quit Claim Deed
related
—
Apr 1, 2013
$1,910,000
Vinnedge Investments INC
Capital Cty Bk
Grant Deed
$1,528,000 · Capital City Bank
Feb 4, 2013
—
Capital Cty Bk
Turner Frederick E Trust
Trustees Deed
related
—
Apr 11, 2012
—
Turner Heritage Homes INC
Turner Frederick E Trust
Quit Claim Deed
related
—
May 30, 2008
—
Frederick E Living Turner
—
Deed Of Trust
related
$2,970,000 · Capital City 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 508 Capital Cir Sea?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
