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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Distribution centers
175 Wrenn St, Tavernier, FL 33070-2335
Individually Owned
5-yr Hold
Free & Clear
Property ID
US18-2200406
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1983
Total area
7,904 SF
Lot
0.35 ac (15,247 SF)
APN
00092240-000100
UPID
US18-2200406
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
$1.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.21M
Owner & transaction history
Gordon King · 5 yrs held
Gordon King
since 2021
Last sale
$1.2M
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 Tavernier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tavernier 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
$1,225,000
ML approach
$1,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.20M (Jan 14 2021)
Last sale anchor
$1.20M
Jan 14 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
$153 / 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
$8,869
Tax year 2023
Assessed value
$921,764
Assessed 2023
Previous assessed
$952,654
-3.2% YoY
Effective rate
0.96%
On assessed value
Assessed land
$366,385
Assessed improvement
$555,379
Land market value
$366,385
Improvement market value
$555,379
Total market value
$921,764
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
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1983
Heating
FORCED AIR
Stories
2
Total area
7,904 SF
Lot
0.35 ac (15,247 SF)
APN
00092240-000100
UPID
US18-2200406
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
1983
Heating
FORCED AIR
Stories
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Gordon King
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 132, FOLLY BEACH, SC 29439-0132
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2021
$1,200,000
Gordon King
Land Trust Service Corporation
Warranty Deed
—
Oct 9, 2014
—
Trust 175ws
Second Space LLC
Grant Deed
related
—
Sep 12, 2014
—
Trust 175ws
Second Space LLC
Grant Deed
—
Dec 7, 2011
$625,000
Second Space LLC
Wrenn Storage INC
Warranty Deed
—
Aug 21, 2000
$800,000
Wrenn Storage INC
Armengol,raul & Luisa
Grant Deed
$680,000 · Seller
May 12, 1998
$210,000
Raul Armengol
Cossuth,betsy
Quit Claim Deed
related
$200,000 · Sands Of The Keys INC
Feb 11, 1997
$95,000
Raul Armengol
Resner,floyd E & Kathryn
Quit Claim Deed
related
—
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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