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Property profile & analytics
FOR SALE
Hotels
27340 Overseas Hwy Ramrod Key, FL 33042
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4412108
For Sale
1 / 49
$12,250,000
27340 Overseas Hwy, Ramrod Key, FL 33042
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1958
Total area
7,543 SF
Lot
1.67 ac (72,855 SF)
APN
00200900-000000
UPID
US18-4412108
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
-
Snorkel, Scuba Dive, Dive Instruction & Daily Charters at Looe Key Reef Dive Center Swimming Pool
-
Looe Key Reef Resort Hotel & Motel Resort
-
Tranquility Bay Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$6.35M
Owner & transaction history
A Venture LLC · 4 yrs held
A Venture LLC
since 2021
Last sale
$6.3M
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 Ramrod Key submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ramrod Key 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
$6,390,000
ML approach
$6,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.35M
Range $5.72M – $6.99M · ±10% · vs last sale $6.25M (Jul 30 2021)
Last sale anchor
$6.25M
Jul 30 2021
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
$842 / 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
$93,757
Tax year 2023
Assessed value
$9,980,800
Assessed 2023
Previous assessed
$9,640,997
+3.5% YoY
Effective rate
0.94%
On assessed value
Assessed land
$5,988,480
Assessed improvement
$3,992,320
Land market value
$5,988,480
Improvement market value
$3,992,320
Total market value
$9,980,800
Applied tax rate
100.0000
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
For Sale
Year built
1958
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Bathrooms
29
Total area
7,543 SF
Lot
1.67 ac (72,855 SF)
APN
00200900-000000
UPID
US18-4412108
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
1958
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
29
Lot
1.67 ac
Current owner
From public records · entity-resolved
A Venture LLC
Entity
Mailing address
27340 OVERSEAS HWY, SUMMERLAND KEY, FL 33042-5410
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Jun 30, 2023
—
A Venture LLC
—
Deed
related
$3,335,683 · Newtek Bank NA
Jul 30, 2021
$6,250,000
A Venture LLC
Lower Keys Resort LLC
Warranty Deed
—
Aug 14, 2020
—
Lower Keys Resort LLC
—
Deed
related
$143,884 · Synovus Bk
Apr 9, 2013
$2,500,000
Lower Keys Resort LLC
Florida Cmnty Bk
Grant Deed
$2,000,000 · Florida Community Bank
Dec 20, 2012
$100
Premier American Bk
Looe Key Reef Resort P Coc
Trustees Deed
related
—
Jan 27, 2006
$5,600,000
Looe Key Reef Resort Props LLC
Glenn,joseph P
Warranty Deed
$3,850,000 · Florida Community Bank
Jun 14, 2004
—
Joseph P Glenn
Glenn,joseph P
Quit Claim Deed
related
$1,700,000 · Community Bank Of Florida
—
—
Lower Keys Resort LLC
—
Loan Modification
related
$143,884 · Synovus Bk
—
—
Looe Key Reef Resort Props LLC
—
Deed Of Trust
related
$1,687,802 · Florida Community Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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