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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Commercial real estate
721 Lafayette St 1 Tallahassee, FL 32304-8110
Entity Owned
Free & Clear
Property ID
US18-4623321
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2012
Construction
WOOD
Total area
5,903 SF
Lot
0.3 ac (13,068 SF)
APN
21-35-90-000-021-0
UPID
US18-4623321
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
-
Darcie Automobile Towing Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$2.10M
Owner & transaction history
721 Fsu Sh LLC
721 Fsu Sh LLC
since 2026
Last sale
$2.4M
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±10% · vs last sale $2.38M (Feb 4 2026)
Last sale anchor
$2.38M
Feb 4 2026
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
$355 / 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
$39,995
Tax year 2023
Assessed value
$2,094,752
Assessed 2023
Previous assessed
$1,883,710
+11.2% YoY
Effective rate
1.91%
On assessed value
Assessed land
$120,000
Assessed improvement
$1,974,752
Land market value
$120,000
Improvement market value
$1,974,752
Total market value
$2,094,752
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
2012
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
3
Units
6
Total area
5,903 SF
Lot
0.3 ac (13,068 SF)
APN
21-35-90-000-021-0
UPID
US18-4623321
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
2012
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Units
6
Lot
0.3 ac
Current owner
From public records · entity-resolved
721 Fsu Sh LLC
Entity
Free & Clear · 0 yrs held
Mailing address
15758 TWIN CV DR, FRISCO, TX 75035-6810
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
$2,376,000
721 Fsu Sh LLC
Collegeplace Fsu Seven Two One LLC
Special Warranty Deed
—
Mar 19, 2019
—
Collegeplace Fsu Domain LLC
—
Grant Deed
related
$1,945,000 · Berkadia Com'l Mtg
Jul 25, 2016
$2,051,000
Collegeplace Fsu Seven Two One
Chance 721 LLC
Grant Deed
—
Jul 25, 2016
—
Collegeplace Fsu Seven Two One
Chance 721 LLC
Quit Claim Deed
related
—
Dec 28, 2012
—
Chance 118 LLC
—
Deed Of Trust
related
$6,464,291 · Alliant Capital LLC
Mar 8, 2012
$400,000
Chance 721 LLC
Andrews,theresa J
Warranty Deed
—
Aug 28, 2007
—
Theresa J Andrews
Brown,doris A
Quit Claim Deed
related
—
Jul 31, 2007
—
Theresa J Andrews
Butler,vernon A
Quit Claim Deed
related
—
Jul 1, 2007
—
Andrews Theresa J Trust
Owner Name Unavailable
Warranty Deed
related
—
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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