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    Property profile & analytics

    24550 Overseas Hwy Summerland Key, FL 33042-4614

    • Grocery and convenience stores
    • 3,450 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 22, 2023
    Location Intelligence
    Property ID
    US18-4616927
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Murray's Market / Grocery Store / Market

    Property Details for 24550 Overseas Hwy

    Year built
    1987
    Lot size
    0.28 lot acres
    Property size
    3,450 SF
    Property type
    Grocery and convenience stores
    APN
    00190640-000000
    APU
    190640000000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Summerland Key
    County
    Monroe
    State
    Florida
    Longitude
    -81.4494
    Latitude
    24.6614
    CBSA code
    28580
    CBSA name
    KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,528
    $590,850
    $345,592
    $936,442
    -
    $590,850
    $345,592
    $936,442

    Comparable in this City

    • Value Estimation
      $325,000
      1,152 SF

      22290 Overseas Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,152 SF
      22290 Overseas Hwy, Cudjoe Key, FL 33042-4251
      View Details
    • Value Estimation
      $610,000
      1,806 SF

      27023 Overseas Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,806 SF
      27023 Overseas Hwy, Summerland Key, FL 33042-5341
      View Details
    • Value Estimation
      $335,000
      4,686 SF

      Overseas Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,686 SF
      Overseas Hwy, Summerland Key, FL 33042
      View Details
    • Value Estimation
      $795,000
      1,244 SF

      24540 Overseas Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,244 SF
      24540 Overseas Hwy, Summerland Key, FL 33042-4614
      View Details
    • Value Estimation
      $205,000
      1,050 SF

      22627 La Fitte Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,050 SF
      22627 La Fitte Dr, Cudjoe Key, FL 33042-4267
      View Details
    • Value Estimation
      $255,000
      1,220 SF

      24488 Overseas Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,220 SF
      24488 Overseas Hwy, Summerland Key, FL 33042-4613
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Cudjoe Key Commercial Building Space

      Three-story commercial building with office and retail space for sale.
      21460 Overseas Hwy, Summerland Key, FL 33042
      View Details
    • $2,000,000

      Cudjoe Key Commercial Land Parcel

      1.56 acre commercial land with US1 frontage in Cudjoe Key.
      22732 Overseas Hwy, Summerland Key, FL 33042
      View Details
    • Contact for pricing

      Cudjoe Key Commercial Building

      Three-story commercial building on US Hwy 1 in Cudjoe Key.
      21460 Overseas Hwy, Summerland Key, FL 33042
      View Details
    • $1,300,000

      Cudjoe Key Commercial Building

      Commercial building with established business and residential rental income.
      22814 Overseas Hwy, Summerland Key, FL 33042
      View Details
    • $12,250,000

      Florida Keys Income-Producing Assets

      Rare opportunity: hotel, restaurant, licenses, dive shop, vessel.
      27340 Overseas Hwy, Ramrod Key, FL 33042
      View Details
    • $1,395,000
      1,250 SF

      Cudjoe Key Commercial Redevelopment Site

      High-yield, 3+ acre Overseas Hwy property.
      21423 Overseas Hwy, Cudjoe Key, FL 33042
      View Details
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    Summerland Key, FL 33042-4614
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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