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Property profile & analytics
OFF-MARKET Estimated value $825,000
Industrial properties

131 Ellis Dr Tavernier, FL 33070-2723

2,666 SF 0.27 ac lot Built 1957
Entity Owned 4-yr Hold
Property ID
US18-4205197
Property summary
AI-generated overview

This exceptional mixed-use commercial property presents a rare investment opportunity in the desirable Tavernier, Florida Keys location. Situated on 131 Ellis Drive, this income-generating asset boasts a diverse portfolio of revenue streams. The property includes three residential apartments, providing consistent rental income. A highly visible commercial office space, strategically positioned on the Overseas Highway, offers significant potential for growth and profitability. Adding to the property's financial strength is a rented storage garage, generating an additional stream of passive income. This turnkey investment is ideal for savvy investors seeking a diversified portfolio with immediate cash flow. The property's prime location in the Florida Keys ensures high demand for both residential and commercial spaces, promising strong returns on investment. The combination of residential units, commercial office space, and storage facilities creates a resilient and lucrative investment opportunity. This property is ready for immediate occupancy and income generation. Serious inquiries only. Financial details are available upon request. Don't miss this chance to own a piece of the Florida Keys' thriving commercial market.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1957
Total area 2,666 SF
Lot 0.27 ac (11,762 SF)
APN 00490170-000000
UPID US18-4205197
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$810k
CAP Approach CAP
$565k
Comparable Approach Comparable
$504k
Blend (final) Blend
$825k
Owner & transaction history
Monroe Marine Construction Corp · 4 yrs held
Monroe Marine Construction Corp
since 2022
Last sale
$850,000
7 recorded transactions
2022
$850,000
2017
Price N/A
2008
$525,000
1998
$200,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.2M +8.9%
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