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Property profile & analytics
OFF-MARKET
Bars & Pubs
201 Duval St Key West, FL 33040-6507
Entity Owned
23-yr Hold
Free & Clear
Property ID
US18-2975923
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1940
Total area
3,800 SF
Lot
0.09 ac (4,120 SF)
APN
00001250-000000
UPID
US18-2975923
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
-
Sloppy Joe's Bar Restaurant
-
N&WchimneySweep&dryerVent Corporate Office
-
GoodMan Fiske Band Theater & Performing Art Venue Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sloppy Joes Enterprises INC · 23 yrs held
Sloppy Joes Enterprises INC
since 2002
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 Key West submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Key West 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
—
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
$27,388
Tax year 2023
Assessed value
$3,454,042
Assessed 2023
Previous assessed
$3,470,340
-0.5% YoY
Effective rate
0.79%
On assessed value
Assessed land
$2,924,376
Assessed improvement
$529,666
Land market value
$2,924,376
Improvement market value
$529,666
Total market value
$3,454,042
Applied tax rate
10.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1940
Heating
NONE
Stories
1
Total area
3,800 SF
Lot
0.09 ac (4,120 SF)
APN
00001250-000000
UPID
US18-2975923
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
1940
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Sloppy Joes Enterprises INC
Entity
Free & Clear · 23 yrs held
Mailing address
101 ANN ST, KEY WEST, FL 33040-6601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
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
Nov 10, 2020
—
Sloppy Joes Enterprises INC
—
Deed
related
$2,000,000 · First State Bank Of The Florida Keys
Sep 7, 2016
—
Sloppy Joes Ents INC
—
Deed
related
$444,478 · First St Bk/fl Keys
Aug 9, 2002
$717,000
Sloppy Joes Enterprises INC
Halpern,michael
Quit Claim Deed
related
—
—
—
Sloppy Joes Ents INC
—
Loan Modification
related
$958,556 · First St Bk/fl Keys
—
—
Sloppy Joes Ents INC
—
Loan Modification
related
$444,478 · First St Bk/fl Keys
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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