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    Property profile & analytics

    1111 12th St Ste, Unit 201 Key West, FL 33040-4087

    • Office buildings
    • 1,348 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Location Intelligence
    Property ID
    US18-6031906
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Law Office of Gregory D. Davila / Estate Planning Attorney / Family Law Attorney
    • Broadwave / Internet Service Provider / Corporate Office
    • Probation & Parole Services / Probation Office
    • Monroe County Attorney / Insurance Attorney
    • Keys Dermatology / Skin Care Clinic / Doctor

    Property Details for 1111 12th St Ste

    Year built
    1984
    Lot size
    1.23 lot acres
    Property size
    1,348 SF
    Property type
    Office buildings
    APN
    00065322-001000
    APU
    65322001000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $220,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $185,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $175,000
      Mixed-Use
      $230,000
      Hospitality
      $205,000
      Educational
      $175,000
      Residential Income
      $190,000
      Energy
      $220,000
      Income-Based Land
      $170,000
      Food Service
      $185,000

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.7681
    Latitude
    24.5643
    CBSA code
    28580
    CBSA name
    KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,352
    $0.00
    $386,788
    $386,788
    -
    $0.00
    $386,788
    $386,788

    Comparable in this City

    • Value Estimation by Request
      11,904 SF

      2000 Roosevelt Blvd

      OFFICE BUILDING • 11,904 SF
      2000 Roosevelt Blvd, Key West, FL 33040-3629
      View Details
    • Value Estimation by Request
      3,712 SF

      409 Angela St

      OFFICE BUILDING • 3,712 SF
      409 Angela St, Key West, FL 33040-7401
      View Details
    • Value Estimation by Request
      2,584 SF

      333 Fleming St

      OFFICE BUILDING (MULTI-STORY) • 2,584 SF
      333 Fleming St, Key West, FL 33040-6526
      View Details
    • Value Estimation by Request
      150 SF

      300 Southard St Ste, Unit 204

      PROFESSIONAL BUILDING • 150 SF
      300 Southard St Ste, Key West, FL 33040-8401
      View Details
    • Value Estimation
      $240,000
      135 SF

      300 Southard St Ste, Unit 105

      PROFESSIONAL BUILDING • 135 SF
      300 Southard St Ste, Key West, FL 33040-8401
      View Details
    • Value Estimation by Request
      150 SF

      300 Southard St Ste, Unit 203

      PROFESSIONAL BUILDING • 150 SF
      300 Southard St Ste, Key West, FL 33040-8401
      View Details

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    Similar Nearby for Lease

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    1111 12th St Ste, Unit 201
    Key West, FL 33040-4087
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    Realmo Value Estimation

    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.

    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.

    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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