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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Industrial properties
897 Monroe St Tallahassee, FL 32303-6176
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5848349
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,457 SF
Lot
0.43 ac (18,731 SF)
APN
21-25-45-000-034-0
UPID
US18-5848349
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
-
Super Dave Window Tinting Interior Design Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$886k
Blend (final)
Blend
$890k
Owner & transaction history
Super Dave Window Tinting Ent INC · 5 yrs held
Super Dave Window Tinting Ent INC
since 2021
Last sale
$836,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+38.8%
Industrial (general)
$1.3M
+32.2%
Retail stores
$1.2M
+19.4%
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
$965,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$975,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,350,000
Change: +39% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,285,000
Change: +32% · Conversion: Moderate
RETAIL STORES
$1,160,000
Change: +19% · Conversion: Easy
RESTAURANT
$960,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$915,000
Change: -6% · Conversion: Easy
OFFICE BUILDING
$900,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $836k (Jun 25 2021)
Last sale anchor
$836k
Jun 25 2021
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
$163 / 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
$8,016
Tax year 2023
Assessed value
$414,253
Assessed 2023
Previous assessed
$386,699
+7.1% YoY
Effective rate
1.94%
On assessed value
Assessed land
$168,579
Assessed improvement
$245,674
Land market value
$168,579
Improvement market value
$245,674
Total market value
$414,253
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
5,457 SF
Lot
0.43 ac (18,731 SF)
APN
21-25-45-000-034-0
UPID
US18-5848349
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
COMMERCIAL (GENERAL) Current
Est. value
$975,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
RESTAURANT
Est. value
$960,000
MEDICAL BUILDING
Est. value
$915,000
OFFICE BUILDING
Est. value
$900,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Super Dave Window Tinting Ent INC
Entity
Mailing address
897 N MONROE ST, TALLAHASSEE, FL 32303-6176
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Jun 25, 2021
$836,000
Super Dave Window Tinting Ent INC
North Monroe Property Venture LLC
Warranty Deed
$851,400 · Capital City Bank
Oct 14, 2020
—
Scalpel 1 Holdings LLC
—
Deed
related
$600,000 · James C & Nancy Banks
Feb 1, 2008
$1,215,000
North Monroe Prop Venture LLC
Owner Name Unavailable
Warranty Deed
related
$1,062,500 · Farmers & Merchants Bk & Tr
Apr 28, 2005
$525,900
North Monroe Properties LLP
Business Communications INC
Grant Deed
$525,899 · Capital City Bank
—
—
Scalpel 1 Holdings LLC
—
Loan Modification
related
$600,000 · James C & Nancy Banks
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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