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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Outlet malls
7601 Blountstown Hwy Tallahassee, FL 32310-7060
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1686221
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2021
Construction
WOOD
Total area
8,769 SF
Lot
1.78 ac (77,537 SF)
APN
22-35-20-401-000-0
UPID
US18-1686221
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
-
Western Union Bank Credit Union
-
Blue Rhino Propane Exchange Propane Supplier
-
Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.75M
Owner & transaction history
7601 Blountstown Highway LLC · 2 yrs held
7601 Blountstown Highway LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.5M
+32.4%
Restaurant
$2.2M
+17.8%
Industrial (general)
$2.1M
+10.8%
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
$1,750,000
ML approach
$1,750,000
CAP Approach
CAP Return
Estimation
6%
$1,420,000
6.5%
$1,310,000
7%
$1,215,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,870,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,470,000
Change: +32% · Conversion: Moderate
RESTAURANT
$2,200,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,070,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,870,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $1.75M (Apr 12 2024)
Last sale anchor
$1.75M
Apr 12 2024
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
$200 / 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
$12,629
Tax year 2023
Assessed value
$866,666
Assessed 2023
Previous assessed
$866,666
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$174,458
Assessed improvement
$692,208
Land market value
$174,458
Improvement market value
$692,208
Total market value
$866,666
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
8,769 SF
Lot
1.78 ac (77,537 SF)
APN
22-35-20-401-000-0
UPID
US18-1686221
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
RETAIL STORES Current
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
RESTAURANT
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (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
2021
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
7601 Blountstown Highway LLC
Entity
Free & Clear · 2 yrs held
Mailing address
9555 N KENDALL DR STE #200, MIAMI, FL 33176-1978
Ownership since
2024
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
Apr 12, 2024
$1,747,700
7601 Blountstown Highway LLC
Odori Cho Cho San LLC
Special Warranty Deed
—
Mar 31, 2021
$2,031,500
Odori Cho Cho San LLC
Teramore Development LLC
Special Warranty Deed
—
May 13, 2020
$450,000
Teramore Dev LLC
Secon Recovery & Towing LLC
Warranty Deed
$1,170,800 · Prime Meridian Bk
Oct 31, 2019
—
Secon Recovery & Towing LLC
—
Deed
related
$79,925 · First A Nat'l Bkng Assn
Sep 7, 2016
$150,000
Secon Recovery & Towing LLC
Hometown Industries INC
Warranty Deed
$190,000 · Farmers & Merchants Nat'l Bk
Apr 29, 1998
$127,500
Country Mobile Homes Southern
Kalicki,james R
Quit Claim Deed
related
$109,000 · Capital City Bank
—
—
Secon Recovery & Towing LLC
—
Deed Of Trust
related
$79,925 · First A Nat'l Bkng Assn
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.
Try Rey
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