Technical
Financial
Distress signals
Property profile

824 Railroad Ave Tallahassee, FL 32310

OFF-MARKET
Hotels
Property ID
US18-3519095
82,148 SF 1.97 ac lot Built 2018
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2018
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 82,148 SF
Lot 1.97 ac (85,813 SF)
APN 21-36-90-071-924-0
UPID US18-3519095

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

824 Railroad Ave Tallahassee, FL 32310-4346
Tallahassee metro Census 501 TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.41M
Comparable Approach Comparable
$6.89M
Blend (final) Blend
$6.15M

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2016
Price N/A
2016
Price N/A
2016
$2.5M
2015
$2.0M

Zoning & alternative use

Top alternative use upside
Restaurant $8.5M +128.9%
Neighborhood: shopping center $7.7M +106.5%
Medical building $7.3M +96.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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