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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Hotels
19 Sombrero Blvd Marathon, FL 33050-2408
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-7451707
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1970
Total area
7,153 SF
Lot
5.82 ac (253,719 SF)
APN
00355200-000000
UPID
US18-7451707
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
-
Boot Key Bar & Grill Bar & Pub Restaurant
-
Blu Bistro Restaurant
-
Marathon Pontoon Rental Boat Club Boat Tour Agency
-
Florida Keys Kayaking Canoe & Kayak Rental Service
-
Skipjack Resort & Marina Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
10701 6th Avenu Gulf LLC · 4 yrs held
10701 6th Avenu Gulf LLC
since 2021
Last sale
$1.5M
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
$1,500,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±10% · vs last sale $1.47M (Oct 12 2021)
Last sale anchor
$1.47M
Oct 12 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
$195 / 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
$95,839
Tax year 2023
Assessed value
$11,809,172
Assessed 2023
Previous assessed
$11,809,172
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$7,085,503
Assessed improvement
$4,723,669
Land market value
$7,085,503
Improvement market value
$4,723,669
Total market value
$11,809,172
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
WALL UNIT
Buildings
5
Stories
3
Bathrooms
62
Total area
7,153 SF
Lot
5.82 ac (253,719 SF)
APN
00355200-000000
UPID
US18-7451707
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
1970
Heating
NONE
Cooling
Yes
Stories
3
Buildings
5
Bathrooms
62
Lot
5.82 ac
Current owner
From public records · entity-resolved
10701 6th Avenu Gulf LLC
Entity
Mailing address
9454 WILSHIRE BLVD STE #715, BEVERLY HILLS, CA 90212-2925
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2021
$1,465,000
10701 6th Avenu Gulf LLC
Stilles Family Partnership LLC
Warranty Deed
—
Dec 23, 2013
$4,900,000
Marathon Condo LLC
Ob Copperhead LLC
Grant Deed
—
Dec 23, 2013
—
Marathon Condo LLC
Ob Copperhead LLC
Quit Claim Deed
related
—
Sep 26, 2012
—
Ob Copperhead LLC
Iberiabank
Grant Deed
—
May 16, 2012
$100
Iberiabank
Summit Marathon LLC Coc
Trustees Deed
related
—
May 4, 2012
$100
Iberiabank
Clerk Of Monroe County
Trustees Deed
related
—
Apr 3, 2009
$6,850,000
Summit Marathon LLC
Keys Marina Sombrero LLC
Grant Deed
—
Apr 3, 2009
—
Summit Marathon LLC
—
Deed Of Trust
related
$7,121,254 · Orion Bank
Nov 30, 2000
$2,000
Parkinson,dean
Nardella,michael T
Trustees Deed
related
—
—
—
John H Richards
—
Deed Of Trust
related
$85,000 · Orion Bank
—
—
Louis Carangi
—
Deed Of Trust
related
$70,000 · Robert Berkowitz
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.
Try Rey
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