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Property profile & analytics
FOR SALE
Office buildings
1010 Kennedy Dr Key West, FL 33040
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-4756771
For Sale
1 / 15
$237,700
1010 Kennedy Dr, Key West, FL 33040
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1978
Total area
2,337 SF
Lot
0.91 ac (39,774 SF)
APN
00065650-000400
UPID
US18-4756771
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
by Request
Owner & transaction history
Centennial Bank · 4 yrs held
Centennial Bank
since 2021
Last sale
$375,000
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 Key West submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Key West 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
—
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
$4,509
Tax year 2023
Assessed value
$525,148
Assessed 2023
Previous assessed
$546,656
-3.9% YoY
Effective rate
0.86%
On assessed value
Assessed improvement
$525,148
Improvement market value
$525,148
Total market value
$525,148
Applied tax rate
10.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1978
Heating
NONE
Units
1
Total area
2,337 SF
Lot
0.91 ac (39,774 SF)
APN
00065650-000400
UPID
US18-4756771
Jurisdiction
MONROE
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
1978
Heating
NONE
Units
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Centennial Bank
Entity
Free & Clear · 4 yrs held
Mailing address
26417 US HWY 19TH N, CLEARWATER, FL 33761-3593
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
—
Centennial Bank
Michael Mcivor
Trustees Deed
related
—
Nov 27, 2013
$375,000
Mcivor Holdings LLC
Kc 400 LLC
Warranty Deed
$300,000 · Centennial Bank
Jun 27, 2013
$265,000
Kc400 LLC
First Bk
Grant Deed
—
Aug 22, 2012
$100
Bk First
Perez Engineering & De Coc
Trustees Deed
related
—
Aug 17, 2012
$100
Bk First
Perez Engineering & De Coc
Trustees Deed
related
—
Aug 10, 2012
—
Keys Island Properties LLC
Deputy Clerk Of Monroe County
Trustees Deed
related
—
Jun 3, 2005
$800,000
Perez Engineering & Development INC
Kennedy Building Associates LLC
Special Warranty Deed
—
—
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Mcivor Holdings LLC
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Loan Modification
related
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Mcivor Holdings LLC
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Loan Modification
related
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Mcivor Holdings LLC
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Loan Modification
related
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Mcivor Holdings LLC
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Loan Modification
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Mcivor Holdings LLC
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Loan Modification
related
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Mcivor Holdings LLC
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Loan Modification
related
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Mcivor Holdings LLC
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Loan Modification
related
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Mclvor Holdings LLC
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Loan Modification
related
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Mclvor Holdings LLC
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Loan Modification
related
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Mcivor Holdings LLC
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Loan Modification
related
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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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