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    Marathon Bagel Company At Islamorada Islamorada, FL 33036

    • Investment properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for Marathon Bagel Company At Islamorada

    Property type
    Investment properties

    Description

    This thriving Islamorada, Florida, bagel shop, established in 2023, presents a fantastic business opportunity. Located in a double commercial suite with prime US-1 frontage near Founder's Park, this high-traffic location boasts significant growth potential. The business is a sister store to the successful Marathon Bagel Company, benefiting from established recipes and operational systems. All renovations were completed in 2022, including a complete overhaul of the kitchen and dining areas. New equipment includes all back-of-house restaurant appliances (fridge, freezer, coolers, etc.), front-of-house display cases, cabinetry, chairs, and tables. The sale includes inventory, supplies, and two half-bathrooms. The property features new electrical and plumbing systems, along with new concrete epoxy flooring. While the Marathon location produces bagels (capable of 3,000 per day) and delivers daily, the buyer has the option to purchase new bagel-making equipment, continue the current breakfast/lunch concept, or implement a completely new restaurant concept. The sale includes the LLC, machinery, inventory, supplies, recipes, equipment, going concern, and goodwill. Note that real estate is NOT included in this sale. A signed Non-Disclosure Agreement (NDA) is required to receive financial information. Showings are available for qualified buyers only, after business hours. This is an exceptional opportunity to own a successful restaurant business in the desirable Florida Keys. The Marathon location is also available for purchase

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Islamorada
    County
    Monroe
    State
    Florida
    Longitude
    -80.6331
    Latitude
    24.9226

    Comparable in this City

    • Value Estimation by Request

      76800 Overseas Hwy Hwy

      Distribution properties
      76800 Overseas Hwy Hwy, Islamorada, FL 33036
      View Details
    • Value Estimation
      $100,000
      0.34 Acres

      110 Porto Salvo Dr

      COMMERCIAL (GENERAL) • 0.34 Acres
      110 Porto Salvo Dr, Islamorada, FL 33036-3319
      View Details
    • Value Estimation by Request
      4.37 Acres

      Islamorada, FL 33036

      VACANT COMMERCIAL LAND • 4.37 Acres
      Islamorada, FL 33036
      View Details
    • Value Estimation by Request
      1.14 Acres

      Islamorada, FL 33036

      VACANT COMMERCIAL LAND • 1.14 Acres
      Islamorada, FL 33036
      View Details
    • Value Estimation by Request
      0.14 Acres

      Islamorada, FL 33036

      VACANT COMMERCIAL LAND • 0.14 Acres
      Islamorada, FL 33036
      View Details
    • Value Estimation
      $280,000
      0.91 Acres

      81801 Overseas Hwycu-7

      RESTAURANT • 0.91 Acres
      81801 Overseas Hwycu-7, Islamorada, FL 33036-3631
      View Details

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    Islamorada, FL 33036
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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