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Property profile & analytics
OFF-MARKET
Estimated value
$7,240,000
Community centers
6668 Thomasville Rd Tallahassee, FL 32312-4878
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7663456
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
46,077 SF
Lot
7.21 ac (314,068 SF)
APN
14-22-28-000-005-0
UPID
US18-7663456
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
-
Benjamin Lunn, D.C. Alternative Medicine Practice
-
Barber Plus Barber Shop
-
American Fitness Gym & Fitness Center
-
Hangar 38 Bowling Alley
-
Wingstop Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.24M
Owner & transaction history
Synovus Bk · 7 yrs held
Synovus Bk
since 2018
5 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%
$8,770,000
6.5%
$8,095,000
7%
$7,520,000
Alternative Use
Use
Estimation
RESTAURANT
$11,560,000
Change: -11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,870,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$7.24M
Range $6.52M – $7.96M · ±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
$157 / 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
$123,543
Tax year 2023
Assessed value
$8,291,771
Assessed 2023
Previous assessed
$8,040,505
+3.1% YoY
Effective rate
1.49%
On assessed value
Assessed land
$2,276,993
Assessed improvement
$6,014,778
Land market value
$2,276,993
Improvement market value
$6,014,778
Total market value
$8,291,771
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
3
Stories
1
Total area
46,077 SF
Lot
7.21 ac (314,068 SF)
APN
14-22-28-000-005-0
UPID
US18-7663456
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
RESTAURANT
Est. value
$11.6M
INDUSTRIAL (GENERAL)
Est. value
$10.9M
RESTAURANT
INDUSTRIAL (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
3
Lot
7.21 ac
Current owner
From public records · entity-resolved
Synovus Bk
Individual
Mailing address
3425 BANNERMAN RD #105428, TALLAHASSEE, FL 32312-7062
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2019
—
Bannerman Crossings Il LLC
—
Loan Modification
related
$9,536,975 · Bank Of America
Nov 9, 2018
—
Synovus Bk
Hangar 38 Group LLC
Grant Deed
related
$1,650,000 · Synovus Bk
Oct 19, 2007
—
Bannerman Crossings II LLC
Bannerman Crossings LLC
Quit Claim Deed
related
$14,025,000 · Suntrust Bk
Aug 1, 2004
$4,200,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
$6,395,000 · Suntrust Bk
—
—
Hangar 38 Group LLC
—
Deed Of Trust
related
$1,650,000 · Synovus 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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