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 2013 similar properties sold for between $109,259 and $189,107. We estimate the income value of 8280 Wakulla Springs Rd at $75,886. The assumptions we used to calculate this value are include in the spreadsheet linked below. Tallahassee is in Leon County, Florida.
8280 Wakulla Springs Rd Property Summary
8280 Wakulla Springs Rd
Property Size: 2,914 sq ft
Year Built: 1980
Property Class: B3
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
In 2013 class A single family properties in Tallahassee sold for $100.83 to
908.10 per sq ft with a median price per sq ft of
$112.40. Class B properties sold for $58.25 to
100.82 per sq ft with a median of
$83.65 and class C properties sold for $10.14 to
58.24 per sq ft with a median of $47.91.
8280 Wakulla Springs Rd appears to be a B Class property. Suggested value: $156,902
High Median Low
Income Valuation - Residential/Gross Lease
Visulate estimates the income value of this property is
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:
Household Income estimate assumes the
tenant has a total household income of $105,693 and spends 32% 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 Model Monthly Rent Household Income - All Households $2,818 Household Income - Renters $1,269 Market Rents $1,186 Price/Ft $1,435
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
Monthly Rent 1,186
Annual Rent per Sq Ft 5.00
Gross Annual Rent 14,235
Vacancies and Bad Debt 12%
Vacancies and Bad Debt Amount 1,708
HOA, Utilities and CAM 0
Property Taxes 2,825
Management Fees 1,423
Cap Rate 7
Estimated Value 75,886
Edit Values and Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.
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Local Household Income
The median household income in this part of Florida is $68,189.
The bottom 10% of the population earn less than $18,749 per year.
The top 10% earn more than $149,117 per year. The top 1%
earn more than $456,616 per year.
Most renters earn
between $25,848 (20th percentile)
and $49,320 (80th percentile) per year.
Source: US Census American Community Survey -
2007-2011 ACS 5-year PUMS estimates Local Rents
The median monthly rent in this part of Florida is $873.
Most renters earn
and $4,110 per month.
They typically spend 32% of their monthly income on rent.
Most rents fall in the $596 (20th percentile)
to $1,247 (80th percentile) range.
The residential vacancy rate is 7%.
8280 Wakulla Springs Rd, Tallahassee, FL on Zillow
Recent Sales near 8280 Wakulla Springs Rd, Tallahassee, FL on Realtor.com
8280 Wakulla Springs Rd, Tallahassee, FL on Google Maps
8280 Wakulla Springs Rd Walkscore
Tallahassee, FL Property Values on Trulia
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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.