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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Bars & Pubs
204 Duval St Key West, FL 33040-6508
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-5442021
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1990
Total area
5,918 SF
Lot
0.24 ac (10,267 SF)
APN
00001450-000000
UPID
US18-5442021
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
$535k
Owner & transaction history
206 Duval LLC · 12 yrs held
206 Duval LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$880,000
+35.0%
Commercial (general)
$865,000
+33.3%
Restaurant
$765,000
+17.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$650,000
Current use
WAREHOUSE, STORAGE
$880,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$865,000
Change: +33% · Conversion: Difficult
RESTAURANT
$765,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$90 / 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
$42,369
Tax year 2023
Assessed value
$5,282,495
Assessed 2023
Previous assessed
$5,300,905
-0.3% YoY
Effective rate
0.80%
On assessed value
Assessed land
$4,518,124
Assessed improvement
$764,371
Land market value
$4,518,124
Improvement market value
$764,371
Total market value
$5,282,495
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
1990
Heating
NONE
Cooling
WALL UNIT
Buildings
3
Stories
6
Bathrooms
4
Total area
5,918 SF
Lot
0.24 ac (10,267 SF)
APN
00001450-000000
UPID
US18-5442021
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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$650,000
WAREHOUSE, STORAGE
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$865,000
RESTAURANT
Est. value
$765,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RESTAURANT
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
1990
Heating
NONE
Cooling
Yes
Stories
6
Buildings
3
Bathrooms
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
206 Duval LLC
Entity
Mailing address
24 HILTON HVN RD, KEY WEST, FL 33040-3833
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2013
$3,000,000
206 Duval LLC
1200 N Ocean Dr INC
Warranty Deed
$3,000,000 · 1200 N Ocean Dr INC
Jul 14, 2005
—
206 Duval LLC
208 Duval INC
Warranty Deed
—
—
—
Keys Productions INC
—
Deed Of Trust
related
$1,831,087 · First State Bank Florida Keys
—
—
212 Telegraph LLC
—
Deed Of Trust
related
$597,475 · First State Bank Florida Keys
—
—
206 Duval LLC
—
Deed Of Trust
related
$300,000 · Wachovia Bank NA
—
—
1200 N Ocean Dr INC
—
Deed Of Trust
related
$250,000 · Wachovia Bank NA
—
—
Keys Productions INC
—
Deed Of Trust
related
$100,000 · First State Bank Florida Keys
—
—
Keys Productions INC
—
Deed Of Trust
related
$2,500,000 · First State Bank Florida Keys
—
—
Mark Rossi
—
Deed Of Trust
related
$519,104 · First State Bank Florida 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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