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Property profile & analytics
FOR SALE
Hotels
1117 Duval St Key West, FL 33040
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US18-3227586
For Sale
1 / 51
$9,950,000
1117 Duval St, Key West, FL 33040
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1943
Total area
1,999 SF
Lot
0.08 ac (3,569 SF)
APN
00027850-000000
UPID
US18-3227586
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
-
The Rum Bar Bar & Pub
-
Speakeasy Inn & Rum Bar Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
1117 Duval Street LLC · 3 yrs held
1117 Duval Street LLC
since 2023
6 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
by Request
ML approach
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$270 / 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
$53,839
Tax year 2023
Assessed value
$6,410,528
Assessed 2023
Previous assessed
$3,261,137
+96.6% YoY
Effective rate
0.84%
On assessed value
Assessed land
$3,846,317
Assessed improvement
$2,564,211
Land market value
$3,846,317
Improvement market value
$2,564,211
Total market value
$6,410,528
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
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
1943
Heating
NONE
Cooling
WALL UNIT
Buildings
3
Stories
1
Units
4
Total area
1,999 SF
Lot
0.08 ac (3,569 SF)
APN
00027850-000000
UPID
US18-3227586
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
1943
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
4
Lot
0.08 ac
Current owner
From public records · entity-resolved
1117 Duval Street LLC
Entity
Mailing address
1202 WHITE ST, KEY WEST, FL 33040-3329
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
1117 Duval Street LLC
—
Deed
related
$500,000 · Michael L Sanfelippo Rlt
Apr 19, 2023
—
1117 Duval Street LLC
1117 Duval LLC
Correction Deed
related
—
Oct 28, 2022
$7,500,000
1117 Duval Street LLC
117 Duval LLC
Warranty Deed
$4,966,130 · Optimumbank
Oct 17, 2022
—
1117 Duval LLC
Thomas Favelli
Correction Deed
related
—
Sep 14, 2021
$4,000,000
1117 Duval LLC
Thomas Favell
Warranty Deed
$3,600,000 · Thomas Favelli
Mar 28, 2001
$300,000
Thomas J Favelli
Pazo,otilia
Grant Deed
$212,000 · Tib Bank Of The Keys
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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