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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Distribution centers
5278 Tower Rd Tallahassee, FL 32303-7964
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3511533
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
FRAME
Total area
12,395 SF
Lot
0.97 ac (42,253 SF)
APN
24-31-18- A-006-0
UPID
US18-3511533
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
-
Paul Davis Restoration of Tallahassee Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.33M
Owner & transaction history
State Ofe Florida Dept & Transportat · 13 yrs held
State Ofe Florida Dept & Transportat
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+85.7%
Restaurant
$2.2M
+82.6%
Medical building
$2.1M
+74.3%
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%
$1,610,000
6.5%
$1,485,000
7%
$1,380,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,190,000
Current use
COMMERCIAL (GENERAL)
$2,210,000
Change: +86% · Conversion: Difficult
RESTAURANT
$2,175,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$2,075,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$2,045,000
Change: +71% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±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
$107 / 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
$11,248
Tax year 2023
Assessed value
$856,087
Assessed 2023
Previous assessed
$675,224
+26.8% YoY
Effective rate
1.31%
On assessed value
Assessed land
$81,570
Assessed improvement
$774,517
Land market value
$81,570
Improvement market value
$774,517
Total market value
$856,087
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
2007
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Total area
12,395 SF
Lot
0.97 ac (42,253 SF)
APN
24-31-18- A-006-0
UPID
US18-3511533
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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
2007
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
State Ofe Florida Dept & Transportat
Entity
Mailing address
2305 FOXBORO WAY, TALLAHASSEE, FL 32309-3039
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2018
—
Cypress Holdings Group LLC
—
Deed
related
$388,000 · Hancock Bk
Jun 27, 2013
—
State Ofe Florida Dept & Transportat
Cypress Holdings Group LLC
Warranty Deed
related
—
Dec 19, 2011
$450,000
Cypress Holdings Group LLC
Atlas Fl 1 Spe LLC
Special Warranty Deed
$405,000 · Tallahassee St Bk Div Synovous Bank
Aug 26, 2011
$966,300
Atlas Fl I Spe LLC
Tph LLC
Warranty Deed
—
Jun 30, 2006
$768,500
Tph LLC
Abiaka Group Tower Road LLC
Warranty Deed
$760,000 · Branch Banking And Trust Co
—
—
Tph LLC
—
Deed Of Trust
related
$215,000 · Branch Banking & Trust Co
—
—
Cypress Holdings Group LLC
—
Loan Modification
related
$388,000 · Hancock Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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