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Property profile & analytics
OFF-MARKET
Estimated value
$11,085,000
Community centers
2502 Roosevelt Blvd Key West, FL 33040-3927
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-4707021
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1958
Total area
52,507 SF
Lot
3.18 ac (138,555 SF)
APN
00065230-000000
UPID
US18-4707021
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
-
VAN Rentals Car Rental Facility
-
Sister Noodle House Restaurant
-
M&ZchimneySweep&dryerVent Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.78M
CAP Approach
CAP
$12.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.09M
Owner & transaction history
Florida Retail Stores LLC · 3 yrs held
Florida Retail Stores LLC
since 2022
Last sale
$11.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.9M
+326.4%
Retail stores
$13.8M
+270.0%
Industrial (general)
$8.7M
+132.1%
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
$10,345,000
ML approach
$9,775,000
CAP Approach
CAP Return
Estimation
6%
$13,540,000
6.5%
$12,495,000
7%
$11,605,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,900,000
Change: +326% · Conversion: Moderate
RETAIL STORES
$13,795,000
Change: +270% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,655,000
Change: +132% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,795,000
Change: +109% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,690,000
Change: +106% · Conversion: Easy
RESTAURANT
$6,800,000
Change: +82% · Conversion: Difficult
Blend value · Realmo final
$11.09M
Range $9.98M – $12.19M · ±10% · vs last sale $11.40M (Nov 17 2022)
Last sale anchor
$11.40M
Nov 17 2022
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
$211 / 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
$84,518
Tax year 2023
Assessed value
$9,699,155
Assessed 2023
Previous assessed
$8,859,901
+9.5% YoY
Effective rate
0.87%
On assessed value
Assessed land
$5,098,824
Assessed improvement
$4,600,331
Land market value
$5,098,824
Improvement market value
$4,600,331
Total market value
$9,699,155
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1958
Heating
FORCED AIR
Stories
1
Bathrooms
3
Total area
52,507 SF
Lot
3.18 ac (138,555 SF)
APN
00065230-000000
UPID
US18-4707021
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
OFFICE BUILDING
Est. value
$15.9M
RETAIL STORES
Est. value
$13.8M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
WAREHOUSE, STORAGE
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.7M
RESTAURANT
Est. value
$6.8M
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1958
Heating
FORCED AIR
Stories
1
Bathrooms
3
Lot
3.18 ac
Current owner
From public records · entity-resolved
Florida Retail Stores LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1300 GEZON PKWY SW, WYOMING, MI 49509-9300
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
$11,400,000
Florida Retail Stores LLC
Conch Plaza LLC
Warranty Deed
—
Dec 26, 2019
—
Conch Plaza LLC
—
Deed
related
$7,866,359 · First St Bk/fl Keys
Mar 31, 2017
—
Conch Plaza LLC
—
Deed
related
$5,843,766 · First St Bk/fl Keys
Dec 23, 2008
$6,600,000
Conch Plaza LLC
Velvet Dream LLC
Warranty Deed
$6,250,000 · General Elec Com'l Mtg Corp
Nov 3, 2004
$6,900,000
Velvet Dream LLC
Conch Plaza
Grant Deed
$5,200,000 · Cibc INC
Apr 13, 1994
—
Riley,peter E Trust
C,m B Inv INC
Warranty Deed
related
$2,735,000
—
—
Conch Plaza LLC
—
Loan Modification
related
$7,866,359 · First St Bk/fl Keys
—
—
Conch Plaza LLC
—
Loan Modification
related
$5,843,766 · 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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