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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Industrial properties
102940 Overseas Hwy Key Largo, FL 33037-2792
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-6943364
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2020
Total area
3,114 SF
Lot
0.11 ac (5,004 SF)
APN
00549430-000000
UPID
US18-6943364
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
Current use
Occupant on record · Public records
-
Behavior Painting Steps Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.43M
Owner & transaction history
E Baxter Investments LLC · 3 yrs held
E Baxter Investments LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+32.6%
Office building
$1.4M
+8.9%
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 Largo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Key Largo 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
Method
Estimation
Statistic approach
$1,420,000
ML approach
$1,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,245,000
Current use
RETAIL STORES
$1,655,000
Change: +33% · Conversion: Easy
OFFICE BUILDING
$1,360,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$1,070,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10% · vs last sale $1.54M (Aug 17 2022)
Last sale anchor
$1.54M
Aug 17 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$458 / SF
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
$10,316
Tax year 2023
Assessed value
$1,089,315
Assessed 2023
Previous assessed
$611,373
+78.2% YoY
Effective rate
0.95%
On assessed value
Assessed land
$342,238
Assessed improvement
$747,077
Land market value
$342,238
Improvement market value
$747,077
Total market value
$1,089,315
Applied tax rate
500.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2020
Heating
FORCED AIR
Stories
2
Units
3
Total area
3,114 SF
Lot
0.11 ac (5,004 SF)
APN
00549430-000000
UPID
US18-6943364
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
FORCED AIR
Stories
2
Units
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
E Baxter Investments LLC
Entity
Mailing address
PO BOX 1430, ISLAMORADA, FL 33036-1430
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2022
$1,540,000
E Baxter Investments LLC
Ian Koblick
Warranty Deed
$840,000 · First Horizon Bank
Jan 26, 2021
$650,000
Ian G Koblick
Marlin Investment LLC
Warranty Deed
—
Mar 9, 2020
—
Merlin Inv
—
Deed Of Trust
related
$650,000 · Dejoux Holdings INC
Dec 28, 2018
—
Marlin Investments LLC
—
Deed
related
$475,000 · Marr Stuart D
Apr 11, 2012
—
Marlin Investments LLC
Marlin Holding INC
Quit Claim Deed
$600,000 · Marr Stuart D (te)
Feb 16, 2005
$275,000
Marlin Holding INC
Marine Resources Dev Foun INC
Warranty Deed
—
—
—
Marlin Investments LLC
—
Loan Modification
related
$475,000 · Marr Stuart D
—
—
Marlin Investments LLC
—
Deed Of Trust
related
$400,000 · Marr Stuart D (te)
—
—
Marlin Holding INC
—
Deed Of Trust
related
$1,200,000 · Orion Bank
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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