Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$37,760,000
Hotels
1996 Overseas Hwy Marathon, FL 33050-2127
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5967261
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2014
Total area
80,902 SF
Lot
5.63 ac (245,243 SF)
APN
00102650-000000
UPID
US18-5967261
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Two Beagles Watersports (Bike/Boat/Book/etc) Store
-
Island Lure Charters Tour Operator Travel Agency
-
Faro Blanco Marina Marina
-
Faro Blanco Resort & Yacht Club, Curio Collection by Hilton Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$37.87M
Blend (final)
Blend
$37.76M
Owner & transaction history
Marathon Two Hospitality Holdings L · 4 yrs held
Marathon Two Hospitality Holdings L
since 2022
Last sale
$38.8M
5 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
$35,670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$50,545,000
Current use
Blend value · Realmo final
$37.76M
Range $33.98M – $41.54M · ±10% · vs last sale $38.75M (Feb 18 2022)
Last sale anchor
$38.75M
Feb 18 2022
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
$467 / 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
$387,956
Tax year 2023
Assessed value
$34,059,500
Assessed 2023
Previous assessed
$22,471,529
+51.6% YoY
Effective rate
1.14%
On assessed value
Assessed land
$20,435,700
Assessed improvement
$13,623,800
Land market value
$20,435,700
Improvement market value
$13,623,800
Total market value
$34,059,500
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
2014
Heating
FORCED AIR
Cooling
WALL UNIT
Buildings
3
Stories
3
Total area
80,902 SF
Lot
5.63 ac (245,243 SF)
APN
00102650-000000
UPID
US18-5967261
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$50.5M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
3
Lot
5.63 ac
Current owner
From public records · entity-resolved
Marathon Two Hospitality Holdings L
Entity
Mailing address
4651 SHERIDAN ST STE #480, HOLLYWOOD, FL 33021-3430
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
$38,750,000
Marathon Two Hospitality Holdings L
Faro Blanco Resort Owner LLC
Special Warranty Deed
$5,750,000 · Tilden Park Domestic Lending Sbc I
Oct 28, 2020
$25,000,000
Faro Blanco Resort Owner LLC
Sh3 Ltd
Grant Deed
—
—
—
Jack E Buchanan
—
Deed Of Trust
related
$50,000 · Bank Of America
—
—
Sh 3 Ltd
—
Deed Of Trust
related
$33,700,000 · Branch Banking & Trust Co
—
—
Sh 3 Ltd
—
Deed Of Trust
related
$1,400,000 · Branch Banking & Trust Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1996 Overseas Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
