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Property profile & analytics
OFF-MARKET
Estimated value
$2,010,000
Commercial real estate
729 Pensacola St 1 Tallahassee, FL 32304-8033
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-2599087
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2010
Construction
WOOD
Total area
5,190 SF
Lot
0.26 ac (11,326 SF)
APN
21-35-95-000-008-0
UPID
US18-2599087
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$2.01M
Owner & transaction history
Avenues I Fsu Sh LLC
Avenues I Fsu Sh LLC
since 2026
Last sale
$2.6M
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
$2.01M
Range $1.81M – $2.21M · ±10% · vs last sale $2.57M (Feb 4 2026)
Last sale anchor
$2.57M
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
$387 / 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
$27,346
Tax year 2023
Assessed value
$1,587,026
Assessed 2023
Previous assessed
$1,309,322
+21.2% YoY
Effective rate
1.72%
On assessed value
Assessed land
$60,000
Assessed improvement
$1,527,026
Land market value
$60,000
Improvement market value
$1,527,026
Total market value
$1,587,026
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
2010
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
3
Units
3
Total area
5,190 SF
Lot
0.26 ac (11,326 SF)
APN
21-35-95-000-008-0
UPID
US18-2599087
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
2010
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Units
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Avenues I Fsu Sh LLC
Entity
Free & Clear · 0 yrs held
Mailing address
15758 TWIN CV DR, FRISCO, TX 75035-6810
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
$2,565,000
Avenues I Fsu Sh LLC
Collegeplace Fsu Avenues I LLC
Special Warranty Deed
—
Mar 19, 2019
—
Collegeplace Fsu Avenues I LLC
—
Grant Deed
related
$5,775,000 · Berkadia Com'l Mtg
Oct 25, 2016
$2,520,000
Collegeplace Fsu Avenues I LLC
Chance 725 LLC
Grant Deed
related
—
Jul 25, 2016
$2,520,000
Collegeplace Fsu Avenue I LLC
Chance 725 LLC
Grant Deed
$1,317,203 · Miscellaneous Ins Co
Jun 27, 2011
—
Chance 725 LLC
—
Deed Of Trust
related
$1,470,000 · Transamerica Pacific Ins Co Lt
Mar 10, 2010
$450,000
Chance 725 LLC
Darden Commercial 725 LLC
Grant Deed
$1,461,208 · Probank
Mar 1, 2010
$450,000
Chance 725 LLC
Owner Name Unavailable
Warranty Deed
related
$1,461,208 · Probank
Nov 16, 2005
—
Darden Nesting Site 725 LLC
Herring,patrick A SR
Quit Claim Deed
related
—
Aug 16, 2004
—
Patrick A Herring SR.
Herring,mattie M
Quit Claim 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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