Property profile

116 Ocean Dr Key Largo, FL 33037

OFF-MARKET
Distribution centers
Property ID
US18-6116559
2,463 SF 0.57 ac lot Built 2022
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2022
Total area 2,463 SF
Lot 0.57 ac (24,852 SF)
APN 00087600-000100
UPID US18-6116559

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

116 Ocean Dr Key Largo, FL 33037-4356
Key Largo metro Census 970500 KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.30M

Owner & transaction history

since 2024
Last sale
$1.3M
5 recorded transactions
2024
$1.3M
2022
Price N/A
2021
Price N/A
2020
$127,500
2015
$85,000

Zoning & alternative use

Top alternative use upside
Retail stores $1.3M +54.9%
Office building $1.1M +27.2%
Commercial (general) $985,000 +16.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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