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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Hotels
John Knox Rd Tallahassee, FL 32303
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6099811
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
111,632 SF
Lot
23.41 ac (1,019,740 SF)
APN
21-24-20-208-000-0
UPID
US18-6099811
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Stiles Farm LLC · 17 yrs held
Stiles Farm LLC
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$14 / 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
$32,368
Tax year 2023
Assessed value
$2,634,542
Assessed 2023
Previous assessed
$2,626,460
+0.3% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,513,019
Assessed improvement
$1,121,523
Land market value
$1,513,019
Improvement market value
$1,121,523
Total market value
$2,634,542
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Total area
111,632 SF
Lot
23.41 ac (1,019,740 SF)
APN
21-24-20-208-000-0
UPID
US18-6099811
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
Building & site characteristics
From public records
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
23.41 ac
Current owner
From public records · entity-resolved
Stiles Farm LLC
Entity
Free & Clear · 17 yrs held
Mailing address
3111 W DR MARTIN LUTHER KING JR BLVD STE #200, TAMPA, FL 33607-6232
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Dec 26, 2024
—
Acrc Tfl Owner LLC
—
Deed
related
$60,000,000 · Acrc Lender Ms II LLC
Feb 15, 2019
—
Tallahassee Retail Venture LLC
—
Loan Modification
related
$27,560,068 · Acrc Lender
Nov 30, 2016
—
Tallahassee Retail Venture LLC
—
Deed
related
$24,000,000 · Miscellaneous Ins Co
Jul 1, 2009
—
Stiles Farm LLC
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 30, 2005
$61,435,000
Fmp Tallahassee LLC
Tallahassee Mall Partners Ltd
Special Warranty Deed
—
Jun 1, 2005
$61,435,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
$48,000,000 · Credit Suisse First Boston Mtg
—
—
Tallahassee Retail Venture LLC
—
Deed Of Trust
related
$24,000,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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