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    1557 Long Beach Dr Big Pine Key, FL 33043
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    Property profile & analytics

    1557 Long Beach Dr Big Pine Key, FL 33043

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    • Hotels
    • 2,315 SF
    • 0.80 lot acres
    For Sale
    $3,899,000
    View Listing →
    Oceanfront Bed and Breakfast Opportunity For Sale
    $3,899,000
    3,029 SF

    Oceanfront Bed and Breakfast Opportunity

    Waterfront property with income potential in the Florida Keys.

    1557 Long Beach Dr, Big Pine Key, FL 33043
    View Listing
    Property ID
    US18-6139914
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 1557 Long Beach Dr

    Year built
    1976
    Lot size
    0.80 lot acres
    Property size
    2,315 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    00112340-001100
    APU
    112340001100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,690,000
      ML approach
      $3,515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,103,000
      Market price range: $1.43M - $3.83M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Big Pine Key
    County
    Monroe
    State
    Florida
    Longitude
    -81.3485
    Latitude
    24.6361
    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
    $16,898
    $1,171,508
    $601,952
    $1,773,460
    -
    $1,171,508
    $601,952
    $1,773,460

    Comparable in this City

    • Value Estimation
      $750,000
      5,932 SF

      30725 Overseas Hwy

      HOTEL/MOTEL • 5,932 SF
      30725 Overseas Hwy, Big Pine Key, FL 33043-3411
      View Details
    • Value Estimation by Request
      1,408 SF

      1791 Bogie Dr

      HOTEL/MOTEL • 1,408 SF
      1791 Bogie Dr, Big Pine Key, FL 33043-5023
      View Details
    • Value Estimation
      $1,115,000
      1,560 SF

      1997 Long Bch Dr

      HOTEL/MOTEL • 1,560 SF
      1997 Long Bch Dr, Big Pine Key, FL 33043-3508
      View Details
    • Value Estimation by Request
      2,450 SF

      31251 Avenue A

      Hospitality properties • 2,450 SF
      31251 Avenue A, Big Pine Key, FL 33043
      View Details
    • Value Estimation by Request
      1.05 Acres

      30675 23rd Ln

      COMMERCIAL (GENERAL) • 1.05 Acres
      30675 23rd Ln, Big Pine Key, FL 33043
      View Details
    • Value Estimation by Request
      0.30 Acres

      Big Pine

      VACANT COMMERCIAL LAND • 0.30 Acres
      Big Pine, Key, FL 33043
      View Details

    Similar Nearby for Sale

    • $3,899,000

      Oceanfront Bed and Breakfast Opportunity

      Waterfront B&B in Big Pine Key with income potential.
      1557 Long Beach Dr, Big Pine Key, FL 33043
      View Details
    • Contact for pricing
      3,029 SF

      Oceanfront Bed and Breakfast Opportunity

      Waterfront property with income potential in the Florida Keys.
      1557 Long Beach Dr, Big Pine Key, FL 33043
      View Details
    • $800,000
      20.00 Acres

      20 Acres Waterfront Land Parcel

      20-acre parcel with saltwater lake, potential reef restoration project.
      33000 Old State Road 4A, No Name Key, FL 33043
      View Details
    • Contact for pricing

      Commercially Zoned Land on A1A

      1.453 acre commercially zoned land with highway frontage.
      30464 Overseas Hwy, Big Pine Key, FL 33043
      View Details
    • $1,500,000
      22.47 Acres

      Offshore Private Island Opportunity

      Private island for single-family home development in the Florida Keys.
      99 Don Quixote Ky Big Pne Ky, State Of Florida, FL 33043
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      2,436 SF

      Turnkey Office Space on U.S.-1

      Finished office building for lease with high visibility.
      31031 Avenue A, Big Pine Key, FL 33043
      View Details
    • $3,500 /Mo
      1,440 SF

      Big Pine Key Office Space

      Renovated office space on Overseas Highway in Big Pine Key.
      29872 Overseas Hwy, Big Pine Key, FL 33043
      View Details
    View Listing
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    Big Pine Key, FL 33043
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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