8280 Wakulla Springs Rd, Tallahassee

8280 Wakulla Springs Rd is a 2,914 sq ft Single Family in Tallahassee. It was built in 1980. 8280 Wakulla Springs Rd sits on 1.76 acres of land. In 2015 similar properties sold for between $102,131 and $196,854. We estimate the income value of 8280 Wakulla Springs Rd at $67,743. The assumptions we used to calculate this value are include in the spreadsheet linked below. Tallahassee is in Leon County, Florida.

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8280 Wakulla Springs Rd Property Summary

8280 Wakulla Springs Rd
FL 32305

Property Size:2,914 sq ft
Year Built:1980
Property Class:B3
Lat, Long: 30.328, -84.313

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

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Estimated Value: 8280 Wakulla Springs Rd

Market Data

In 2015 class A single family properties in Tallahassee sold for $104.96 to 903.51 per sq ft with a median price per sq ft of $118.21. Class B properties sold for $54.45 to 104.95 per sq ft with a median of $85.95 and class C properties sold for $10.24 to 54.44 per sq ft with a median of $41.84.

Market Valuation

8280 Wakulla Springs Rd appears to be a B Class property. Suggested value: $161,216

Value196,854 161,216 102,131

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $67,743. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 8280 Wakulla Springs Rd:

  • The Household Income estimate assumes the tenant has a total household income of $102,719 and spends 31% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $2,654
Household Income - Renters $1,257
Market Rents $1,168
Price/Ft $2,224

Expense Estimates:

  • Census data records show 7% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 8280 Wakulla Springs Rd. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Monthly Rent1,168
Annual Rent per Sq Ft5.00
Gross Annual Rent14,020
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount1,682
HOA, Utilities and CAM0
Property Taxes3,116
Management Fees1,402
Cap Rate7
Estimated Value67,743
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

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Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $63,475. The bottom 10% of the population earn less than $18,639 per year. The top 10% earn more than $153,050 per year. The top 1% earn more than $440,122 per year. Most renters earn between $25,284 (20th percentile) and $50,892 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $126,950 and $158,688.

The tax assessed value of this property places it in percentile 75 of all properties in this area. This suggests it would appeal to someone earning around $102,719 per year who should qualify for a mortgage between $205,438 and $256,798.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $830. Most renters earn between $2,107 and $4,241 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $543 (20th percentile) to $1,223 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 75 of all properties in this area. This corresponds to a rent of $1,150 per month and a monthly household income of $3,983 ($47,796 per year)


  1. 8280 Wakulla Springs Rd, Tallahassee, FL on Zillow
  2. Recent Sales near 8280 Wakulla Springs Rd, Tallahassee, FL on Realtor.com
  3. 8280 Wakulla Springs Rd, Tallahassee, FL on Google Maps
  4. 8280 Wakulla Springs Rd Walkscore
  5. Tallahassee, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Bryson Beverly LLC (8300 Wakulla Springs Rd)
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.