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Property profile & analytics
OFF-MARKET
Estimated value
$15,000,000
Hotels
2146 Overseas Hwy Marathon, FL 33050-2131
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2527384
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2016
Total area
77,609 SF
Lot
3.35 ac (145,998 SF)
APN
00102810-000000
UPID
US18-2527384
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
-
The Bistro - Eat. Drink. Connect Restaurant
-
BlueWaters Bar & Grill Bar & Pub
-
2146 Overseas Highway Parking Parking Lot & Garage
-
BlueWaters The Lounge Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Marriott Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.26M
Blend (final)
Blend
$15.00M
Owner & transaction history
Marathon Hospitality LLC · 13 yrs held
Marathon Hospitality LLC
since 2013
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.00M
Range $13.50M – $16.50M · ±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
$193 / 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
$161,641
Tax year 2023
Assessed value
$17,491,632
Assessed 2023
Previous assessed
$17,508,611
-0.1% YoY
Effective rate
0.92%
On assessed value
Assessed land
$5,606,323
Assessed improvement
$11,885,309
Land market value
$5,606,323
Improvement market value
$11,885,309
Total market value
$17,491,632
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
2016
Heating
NONE
Cooling
WALL UNIT
Stories
3
Units
1
Bathrooms
5
Total area
77,609 SF
Lot
3.35 ac (145,998 SF)
APN
00102810-000000
UPID
US18-2527384
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
2016
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Bathrooms
5
Lot
3.35 ac
Current owner
From public records · entity-resolved
Marathon Hospitality LLC
Entity
Mailing address
4651 SHERIDAN ST STE #480, HOLLYWOOD, FL 33021-3430
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2017
—
Marathon Hospitality LLC
—
Loan Modification
related
$33,215,000 · Bankunited Fsb
Apr 5, 2013
$2,884,500
Marathon Hospitality LLC
Keys Mv Two R Investments LLC
Warranty Deed
—
Apr 5, 2013
$115,500
Marathon Hospitality LLC
Keys Mv Two R Investments LLC
Warranty Deed
—
Nov 1, 2012
—
Keys Mv Two R Investments LLC
Key Investment Group LLC
Quit Claim Deed
related
—
Sep 18, 2008
—
Key Investment Group LLC
—
Grant Deed
related
$5,804,297 · International Bank Of Miami
Aug 24, 2006
$1,500,000
Key Investment Group LLC
Sombrero Beach Partners LLC
Warranty Deed
$1,200,000 · Home Equity Mtg
Sep 7, 2005
$6,230,000
Sombrero Beach Partners LLC
Key Investment Group LLC
Warranty Deed
—
Oct 7, 2003
$1,812,000
Key Investments Group LLC
Hls Investments INC
Grant Deed
$3,000,000 · First National Bank Florida
Mar 7, 1996
$79,500
H L S Inv INC
Caldwell,frederick L
Grant Deed
$565,000 · Tib Bank Of The Keys
—
—
Marathon Hospitality LLC
—
Loan Modification
related
$4,260,000 · Bankunited Fsb
—
—
Key Investment Group LLC
—
Deed Of Trust
related
$1,500,000 · Triay Carlos A (te)
—
—
Key Investment Group LLC
—
Deed Of Trust
related
$700,000 · Triay Carlos A (te)
—
—
Hls Investments INC
—
Deed Of Trust
related
$860,000 · Marine 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.
Try Rey
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