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Property profile & analytics
FOR LEASE
Industrial properties
1110 Truman Ave Key West, FL 33040
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4664359
For Lease
1 / 15
$3,850/Mo
1110 Truman Ave, Key West, FL 33040
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1953
Total area
2,624 SF
Lot
0.06 ac (2,583 SF)
APN
00032570-000100
UPID
US18-4664359
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
-
Truman Varela Scooters at the Bike Shop (Bike/Boat/Book/etc) Store
-
The Bike Shop Rentals Truman Avenue Cycling Facility (Bike/Boat/Book/etc) Store
-
Bascom Grooms Key West Real Estate Real Estate Agency
-
Truman Varela Bicycle Rentals Cycling Facility (Bike/Boat/Book/etc) Store
-
Britannie Wesley, Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$914k
Blend (final)
Blend
$735k
Owner & transaction history
Bg2kw LLC · 3 yrs held
Bg2kw LLC
since 2023
Last sale
$750,000
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
Method
Estimation
Statistic approach
$740,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$555,000
7%
$515,000
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $750k (Apr 5 2023)
Last sale anchor
$750k
Apr 5 2023
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
$280 / 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
$6,424
Tax year 2023
Assessed value
$919,273
Assessed 2023
Previous assessed
$606,162
+51.7% YoY
Effective rate
0.70%
On assessed value
Assessed land
$725,100
Assessed improvement
$194,173
Land market value
$725,100
Improvement market value
$194,173
Total market value
$919,273
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Lease
Year built
1953
Heating
NONE
Cooling
WALL UNIT
Stories
3
Total area
2,624 SF
Lot
0.06 ac (2,583 SF)
APN
00032570-000100
UPID
US18-4664359
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
1953
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Bg2kw LLC
Entity
Mailing address
1110 TRUMAN AVE, KEY WEST, FL 33040-3352
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
—
Bg2kw LLC
Bascom L Grooms IV
Quit Claim Deed
related
—
Jan 4, 2022
$750,000
Bascom L Grooms IV
Gordon Smith Lew JR
Warranty Deed
—
Sep 18, 2020
—
Smith,lew G JR Trust
Lew G Smith JR.
Quit Claim Deed
related
—
Jun 1, 2020
—
Lew G Smith JR.
—
Deed
related
$254,878 · Bascom L IV & Beth A Grooms
Feb 21, 2018
—
Smith Paulette K
—
Deed
related
$180,251 · Bascom L IV & Beth A Grooms
—
—
Smith Paulette K
—
Deed Of Trust
related
$200,000 · Bascom L IV & Beth A Grooms
—
—
Paulette K Smith
—
Deed Of Trust
related
$106,000 · Bascom L IV & Beth A Grooms
—
—
Lew G Smith JR.
—
Loan Modification
related
$254,878 · Bascom L IV & Beth A Grooms
—
—
Smith Paulette K
—
Loan Modification
related
$180,251 · Bascom L IV & Beth A Grooms
—
—
Lew G Smith JR.
—
Deed Of Trust
related
$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.
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