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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Retail space
260 Crandon Blvd A1 Key Biscayne, FL 33149-1536
Individually Owned
Absentee Owner
Free & Clear
Property ID
US18-4195958
Property summary
AI-generated overview
The Square Shopping Center presents a remarkable opportunity for a discerning tenant seeking a high-profile retail location. This single-tenant, completely remodeled corner unit boasts 0 sq. ft. of space, spread across two stories. The property features modern finishes throughout, including tile flooring, white walls, and high ceilings, ensuring a bright and inviting atmosphere. The updated building adheres to current building codes, providing peace of mind. The versatile space is ideal for a variety of uses, including showrooms, retail businesses, studios (such as Pilates), or offices. The second floor offers valuable additional usable space. Ample parking is available with 175 spaces. Benefit from the high visibility and foot traffic generated by its prime corner location, adjacent to established businesses like Narbona restaurant and Novencento. Enjoy excellent exposure to the high volume of pedestrian traffic in the area. The property is zoned 6100 and has an APN of 24-42-32-022-0360. Please note that the space does not include a grease trap. Availability begins January 1st.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Total area
1,109 SF
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
24-4232-022-0010
UPID
US18-4195958
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
$800k
Owner & transaction history
BARNETT BANK SOUTH FLORIDA NA BANK
BARNETT BANK SOUTH FLORIDA NA BANK
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Key Biscayne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
zoning
Top alternative use upside
Commercial (general)
$820,000
+29.2%
Office building
$755,000
+19.2%
Auto repair, garage
$725,000
+14.3%
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 Biscayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Key Biscayne 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
RETAIL STORES
$635,000
Current use
COMMERCIAL (GENERAL)
$820,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$755,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$725,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$721 / 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
$16,667
Tax year 2023
Assessed value
$1,025,825
Assessed 2023
Previous assessed
$931,560
+10.1% YoY
Effective rate
1.62%
On assessed value
Total market value
$1,025,825
Applied tax rate
2,400.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Heating
NONE
Total area
1,109 SF
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
24-4232-022-0010
UPID
US18-4195958
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Key Biscayne, FLZoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Key Biscayne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$820,000
OFFICE BUILDING
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$725,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1981
Heating
NONE
Current owner
From public records · entity-resolved
BARNETT BANK SOUTH FLORIDA NA BANK
Individual
Free & Clear · 0 yrs held
Mailing address
101 N TRYON ST, CHARLOTTE, NC 28246-0100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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