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Property profile & analytics
OFF-MARKET
Estimated value
$2,585,000
Specialty properties
9085 Magnolia Hl Dr Tallahassee, FL 32309-9215
Entity Owned
Free & Clear
Property ID
US18-4338389
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,500 SF
Lot
16.37 ac (713,077 SF)
APN
15-12-20-201-000-0
UPID
US18-4338389
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
-
AVS Equine Medical and Surgical Hospital Veterinary Clinic
-
Florida Quarter Horse Racing Horse Riding
-
Fisch w Joseph DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$2.59M
Owner & transaction history
Terravet 9085 Magnolia Hill Dr LLC
Terravet 9085 Magnolia Hill Dr LLC
since 2026
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.8M
+108.2%
Commercial (general)
$2.4M
+84.1%
Office building
$1.8M
+37.4%
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
$2,710,000
ML approach
$2,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,760,000
Change: +108% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,440,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$1,820,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$2.59M
Range $2.33M – $2.84M · ±10% · vs last sale $2.45M (Dec 14 2021)
Last sale anchor
$2.45M
Dec 14 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
$225 / 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
$18,941
Tax year 2023
Assessed value
$1,393,149
Assessed 2023
Previous assessed
$1,091,517
+27.6% YoY
Effective rate
1.36%
On assessed value
Assessed land
$163,700
Assessed improvement
$1,229,449
Land market value
$163,700
Improvement market value
$1,229,449
Total market value
$1,393,149
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
11,500 SF
Lot
16.37 ac (713,077 SF)
APN
15-12-20-201-000-0
UPID
US18-4338389
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
INDUSTRIAL (GENERAL)
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.8M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
16.37 ac
Current owner
From public records · entity-resolved
Terravet 9085 Magnolia Hill Dr LLC
Entity
Free & Clear · 0 yrs held
Mailing address
13190 SW 68TH PKWY STE #110, TIGARD, OR 97223-8368
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
$1,816,300
Terravet 9085 Magnolia Hill Dr LLC
Nva Tallahassee 9085 Cre 047 LLC
Special Warranty Deed
—
Dec 14, 2021
$2,450,000
Nva Tallahassee 9085 Cre 047 LLC
Fisch Holdings INC
Special Warranty Deed
$1,592,500 · Gaea Real Estate Operating Partners
Oct 11, 2021
—
Fisch Holdings INC
Fisch Holdings INC
Intrafamily Transfer
related
—
Mar 4, 2021
$380,000
Daniel L Watkins
Fisch Holdings INC
Special Warranty Deed
$280,000 · Fisch Holdings INC
Dec 2, 2004
$107,900
Avs Equine Medical & Surgical
Animal Veterinary Services Pa
Warranty Deed
related
$1,500,000 · Southwest Georgia Farm Credit
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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