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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Hotels
1997 Long Bch Dr Big Pine Key, FL 33043-3508
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US19-0343558
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1984
Total area
1,560 SF
Lot
0.05 ac (2,178 SF)
APN
00112341-000600
UPID
US19-0343558
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Harry J Appel · 11 yrs held
Harry J Appel
since 2015
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 Big Pine Key submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Big Pine Key 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$715 / 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
$10,250
Tax year 2023
Assessed value
$1,374,469
Assessed 2023
Previous assessed
$1,362,583
+0.9% YoY
Effective rate
0.75%
On assessed value
Land market value
$1,044,132
Improvement market value
$416,797
Total market value
$1,460,929
Applied tax rate
100.0000
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
1984
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
4
Bathrooms
7
Total area
1,560 SF
Lot
0.05 ac (2,178 SF)
APN
00112341-000600
UPID
US19-0343558
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
4
Bathrooms
7
Lot
0.05 ac
Current owner
From public records · entity-resolved
Harry J Appel
Individual
Mailing address
1997 LONG BCH DR, BIG PINE KEY, FL 33043-3508
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2017
—
Harry J Appel
—
Deed
related
—
Jun 28, 2017
—
Harry J Appel
—
Deed
related
—
May 26, 2016
—
Harry Appel
—
Deed
related
$64,900 · Centennial Bk
Nov 4, 2015
—
Harry J Appel
—
Trustees Deed
related
$25,000 · Centennial Bk
May 20, 2015
$410,000
Harry J Appel
George W D Rockett SR.
Warranty Deed
—
May 31, 2006
$1,300,000
Harry J Appel
Dorothy S Abbott
Warranty Deed
$900,000 · Aegis Wholesale Corp
—
—
Harry J Appel
—
Deed Of Trust
related
$241,862 · Washington Mutual Fsb
—
—
Harry Appel
—
Deed Of Trust
related
$64,900 · Centennial Bk
—
—
Harry J Appel
—
Loan Modification
related
—
—
—
Harry J Appel
—
Loan Modification
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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