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    Property profile & analytics

    1816 Flagler Ave Key West, FL 33040-3655

    • Retail space
    • 1,953 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Location Intelligence
    Property ID
    US18-5226213
    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.

    Current Use by Public Records

    • Lime Tree Food Mart / Convenience Store / Grocery Store
    • Twice the Ice / Ice Supplier / Store
    • Western Union / Money Transfer Service
    • Key West Golf Cart Rentals / Golf Cart Dealer

    Property Details for 1816 Flagler Ave

    Year built
    1953
    Lot size
    0.21 lot acres
    Property size
    1,953 SF
    Property type
    Retail space
    APN
    00063240-000000
    APU
    63240000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $505,000
      6.5%
      $430,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $500,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $375,000
      Retail
      $460,000
      Mixed-Use
      $450,000
      Hospitality
      $435,000
      Educational
      $415,000
      Residential Income
      $425,000
      Energy
      $395,000
      Income-Based Land
      $450,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.7802
    Latitude
    24.5547
    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
    $4,281
    $485,625
    $167,891
    $653,516
    -
    $485,625
    $167,891
    $653,516

    Comparable in this City

    • Value Estimation by Request
      5,812 SF

      105 Whitehead St

      RETAIL STORES (PERSONAL SERVICES) • 5,812 SF
      105 Whitehead St, Key West, FL 33040-6520
      View Details
    • Value Estimation by Request
      11,219 SF

      101 Duval St

      RETAIL STORES (PERSONAL SERVICES) • 11,219 SF
      101 Duval St, Key West, FL 33040-8500
      View Details
    • Value Estimation by Request
      4,694 SF

      129 Duval St

      RETAIL STORES (PERSONAL SERVICES) • 4,694 SF
      129 Duval St, Key West, FL 33040-6505
      View Details
    • Value Estimation by Request
      6,110 SF

      501 Duval St

      RETAIL STORES (PERSONAL SERVICES) • 6,110 SF
      501 Duval St, Key West, FL 33040-6552
      View Details
    • Value Estimation by Request
      11,036 SF

      3216 Flagler Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,036 SF
      3216 Flagler Ave, Key West, FL 33040-4604
      View Details
    • Value Estimation by Request
      4,392 SF

      1104 White St

      RETAIL STORES (PERSONAL SERVICES) • 4,392 SF
      1104 White St, Key West, FL 33040-3327
      View Details

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    Similar Nearby for Lease

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    1816 Flagler Ave
    Key West, FL 33040-3655
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    Realmo Value Estimation

    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.

    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.

    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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