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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Commercial real estate
518 Pope St A Tallahassee, FL 32304-7972
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US18-3891230
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1998
Construction
WOOD
Total area
3,676 SF
Lot
0.34 ac (14,810 SF)
APN
21-35-75-003-002-1
UPID
US18-3891230
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
-
WJC Foundation Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.22M
Owner & transaction history
720 West Carollna St LLC · 8 yrs held
720 West Carollna St LLC
since 2017
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10%
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
$332 / 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
$14,124
Tax year 2023
Assessed value
$729,927
Assessed 2023
Previous assessed
$648,146
+12.6% YoY
Effective rate
1.93%
On assessed value
Assessed land
$96,000
Assessed improvement
$633,927
Land market value
$96,000
Improvement market value
$633,927
Total market value
$729,927
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
8
Total area
3,676 SF
Lot
0.34 ac (14,810 SF)
APN
21-35-75-003-002-1
UPID
US18-3891230
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
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
8
Lot
0.34 ac
Current owner
From public records · entity-resolved
720 West Carollna St LLC
Entity
Mailing address
250 W 54TH ST STE #603, NEW YORK, NY 10019-5562
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jul 24, 2017
$7,500,000
720 West Carollna St LLC
Sgb Apartments LLC
Grant Deed
$5,050,000 · Bankfinancial NA
Jul 24, 2017
—
720 West Carolina Street LLC
—
Grant Deed
related
$10,100,000 · Bankfinancial NA
Dec 9, 2011
—
Sgb Apartments LLC
—
Deed Of Trust
related
$2,600,000 · Grandbridge Real Est Capital
Sep 1, 2009
$2,450,000
Sgb Apartments LLC
Owner Name Unavailable
Warranty Deed
related
$1,960,000 · Branch Banking & Trust Co
Feb 4, 2009
—
Tallahassee Apartments Hh LLC
Boothco Savannahs LLC Coc
Trustees Deed
related
—
Nov 26, 2008
—
Tallahassee Apartments Hh LLC
Boothco Savannahs LLC Coc
Trustees Deed
related
—
—
—
Robert K Adams
—
Deed Of Trust
related
$114,000 · Union Planters National Bank
—
—
720 West Carolina Street LLC
—
Deed Of Trust
related
$860,000 · Bankfinancial NA
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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