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Property profile & analytics
OFF-MARKET
Estimated value
$2,470,000
Outlet malls
9521 Apalachee Pkwy Tallahassee, FL 32311-3475
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-7173913
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2021
Construction
FRAME
Total area
8,762 SF
Lot
1.45 ac (63,162 SF)
APN
32-03-20-610-000-0
UPID
US18-7173913
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$2.47M
Owner & transaction history
Dg Lod LLC · 4 yrs held
Dg Lod LLC
since 2021
Last sale
$2.4M
4 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
$2,600,000
ML approach
$2,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,865,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,470,000
Change: +32% · Conversion: Moderate
RESTAURANT
$2,200,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,065,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,870,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±10% · vs last sale $2.35M (Dec 27 2021)
Last sale anchor
$2.35M
Dec 27 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
$282 / 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
$13,198
Tax year 2023
Assessed value
$885,770
Assessed 2023
Previous assessed
$827,996
+7.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$157,905
Assessed improvement
$727,865
Land market value
$157,905
Improvement market value
$727,865
Total market value
$885,770
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2021
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
8,762 SF
Lot
1.45 ac (63,162 SF)
APN
32-03-20-610-000-0
UPID
US18-7173913
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
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Dg Lod LLC
Entity
Free & Clear · 4 yrs held
Mailing address
450 SEVILLA AVE, CORAL GABLES, FL 33134-5713
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
$2,350,000
Dg Lod LLC
Teramore Development LLC
Special Warranty Deed
—
May 15, 2007
$169,000
Santosh Pradhan
Ferrell Invs Of Tallahassee INC
Warranty Deed
—
Apr 11, 2006
—
Utopian Land & Dev LLC
Ferrell Invs Of Tallahassee INC
Grant Deed
related
—
—
—
Lonnie T Anderson
—
Deed Of Trust
related
$153,000 · Fremont Investment & Loan
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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