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    Montage Fl Ky Souvenirs Marathon, FL 33050
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    Montage Fl Ky Souvenirs Marathon, FL 33050

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    • Warehouses
    Off-Market
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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Montage Fl Ky Souvenirs

    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional business opportunity presents the chance to acquire a well-established souvenir business in Marathon, Florida, operating for 27 years. The business, currently operating from a home-based location, boasts a strong brand presence throughout the Florida Keys, with a proven track record and established online presence via its operational website. The current owner operates the business independently, dedicating approximately 30 hours per week, demonstrating the efficiency of the existing model. At its peak, the business produced up to 100 signs daily with minimal staffing. The sale includes comprehensive training from the current owner, ensuring a smooth transition and providing all necessary tools, including software, printers, and established processes. The business model offers flexibility, allowing for home-based operation with potential for expansion. The target market includes a wide range of establishments such as bars, restaurants, hotels, motels, and souvenir shops. The current setup includes credit card processing for convenient transactions and direct delivery capabilities. The asking price for this turnkey operation is $99,000. The opportunity exists to further expand the business by securing a retail location, potentially in a high-traffic area like Duval Street, to increase revenue streams and tap into the vast untapped market throughout the Florida Keys. This is a unique chance to own a profitable and established business in a desirable location. The business is categorized as industrial and land, with no specified square footage or units. The business is located in Monroe County, Florida, zip code 33050.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marathon
    County
    Monroe
    State
    Florida
    Longitude
    -81.0644
    Latitude
    24.7205

    Comparable in this City

    • Value Estimation
      $1,040,000
      5,150 SF

      91 Ave A A

      DISTRIBUTION WAREHOUSE • 5,150 SF
      91 Ave A A, Marathon, FL 33050-4066
      View Details
    • Value Estimation
      $1,405,000
      10,725 SF

      4980 Ocean Ter

      DISTRIBUTION WAREHOUSE • 10,725 SF
      4980 Ocean Ter, Marathon, FL 33050-2649
      View Details
    • Value Estimation
      $860,000
      5,280 SF

      1400 107th St Gulf

      DISTRIBUTION WAREHOUSE • 5,280 SF
      1400 107th St Gulf, Marathon, FL 33050-3099
      View Details
    • Value Estimation
      $1,245,000
      8,835 SF

      6303 Overseas Hwy

      DISTRIBUTION WAREHOUSE • 8,835 SF
      6303 Overseas Hwy, Marathon, FL 33050-2728
      View Details
    • Value Estimation
      $645,000
      4,000 SF

      1280 107th St Gulf

      DISTRIBUTION WAREHOUSE • 4,000 SF
      1280 107th St Gulf, Marathon, FL 33050-3047
      View Details
    • Value Estimation
      $2,830,000
      21,970 SF

      10730 4th Ave Gulf

      DISTRIBUTION WAREHOUSE • 21,970 SF
      10730 4th Ave Gulf, Marathon, FL 33050-7001
      View Details

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    • $2,950,000

      Waterfront Property with Fish House

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    • $120,000
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    • $1,395,000

      Land For Sale in Marathon

      Land available on Pescayo Avenue in Marathon, Florida.
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    • $225,000
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      Land available in Duck, Florida.
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    Similar Nearby for Lease

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      Key Vaca Center: Marathon Office Space

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    • $1.87 SF/Yr

      KEY VACA CENTER

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    • $1,514 /Mo

      Marathon, FL Commercial Space

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    Marathon, FL 33050
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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.

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