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Property profile & analytics
OFF-MARKET
Estimated value
$7,540,000
Turn key restaurants
12648 Overseas Hwy Marathon, FL 33050-3537
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3632823
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Total area
3,716 SF
Lot
1.97 ac (85,901 SF)
APN
00100260-000400
UPID
US18-3632823
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
-
Island Fish Company Restaurant
-
Angling Adventures Tour Operator Travel Agency
-
Jeni-Lyn Fishing Charters Tour Operator Travel Agency
-
ATM Atm
-
Rainbow Blend Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.54M
Owner & transaction history
12648 Overseas Highway Real Estate · 5 yrs held
12648 Overseas Highway Real Estate
since 2021
Last sale
$7.5M
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 Marathon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marathon 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
$7,670,000
ML approach
$7,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.54M
Range $6.79M – $8.29M · ±10% · vs last sale $7.50M (Jan 29 2021)
Last sale anchor
$7.50M
Jan 29 2021
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
$2,029 / 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
$70,313
Tax year 2023
Assessed value
$6,182,662
Assessed 2023
Previous assessed
$6,222,582
-0.6% YoY
Effective rate
1.14%
On assessed value
Assessed land
$5,035,306
Assessed improvement
$1,147,356
Land market value
$5,035,306
Improvement market value
$1,147,356
Total market value
$6,182,662
Applied tax rate
50.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1997
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Units
3
Total area
3,716 SF
Lot
1.97 ac (85,901 SF)
APN
00100260-000400
UPID
US18-3632823
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
1997
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
3
Lot
1.97 ac
Current owner
From public records · entity-resolved
12648 Overseas Highway Real Estate
Individual
Mailing address
15757 PNES BLVD #265, PEMBROKE PINES, FL 33027-1207
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2021
$7,500,000
12648 Overseas Highway Real Estate
Marathon Paradise INC
Warranty Deed
$4,875,000 · Centennial Bank
Jan 29, 2021
—
12648 Overseas Highway Real Estate
—
Deed
related
$750,000 · Centennial Bank
Dec 21, 2010
—
Marathon Paradise INC
—
Trustees Deed
related
$300,000 · Centennial Bank
Jul 29, 2010
—
Marathon Paradise INC
—
Trustees Deed
related
—
Jul 2, 2010
—
Marathon Paradise INC
—
Trustees Deed
related
$300,000 · Centennial Bk
Jun 15, 2009
—
Marathon Paradise INC
—
Trustees Deed
related
$500,000 · Centennial Bk
Jan 8, 2009
—
Marathon Paradise INC
—
Grant Deed
related
$7,000,000 · Centennial Bank
May 14, 2008
—
Marathon Paradise INC
—
Deed Of Trust
related
$7,000,000 · Marine Bank
Jun 22, 2000
$750,000
Marathon Paradise INC
Butchkosky,alex & Irene
Grant Deed
$850,000 · Marine Bank Florida Keys
—
—
Marathon Paradise INC
—
Loan Modification
related
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—
Marathon Paradise INC
—
Deed Of Trust
related
—
—
—
Marathon Paradise INC
—
Deed Of Trust
related
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—
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Marathon Paradise INC
—
Deed Of Trust
related
$420,000 · Marine Bank Florida Keys
—
—
Marathon Paradise INC
—
Deed Of Trust
related
$50,000 · Marine Bank Florida Keys
—
—
Marathon Paradise INC
—
Deed Of Trust
related
—
—
—
Marathon Paradise INC
—
Loan Modification
related
—
—
—
Marathon Paradise INC
—
Deed Of Trust
related
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—
—
Marathon Paradise INC
—
Deed Of Trust
related
$390,000 · Marine Bank Florida Keys
—
—
Marathon Paradise INC
—
Deed Of Trust
related
$50,000 · Centennial Bank
—
—
Marathon Paradise INC
—
Loan Modification
related
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—
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Marathon Paradise INC
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Loan Modification
related
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—
—
Marathon Paradise INC
—
Deed Of Trust
related
$3,949,000 · Branch Bk&tr
—
—
Marathon Paradise INC
—
Loan Modification
related
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—
—
Marathon Paradise INC
—
Loan Modification
related
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Marathon Paradise INC
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Loan Modification
related
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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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