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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Retail space
3224 Flagler Ave Key West, FL 33040-4604
Entity Owned
~
Est. High Equity
Property ID
US18-3104551
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
4,015 SF
Lot
0.51 ac (22,000 SF)
APN
00069050-000000
UPID
US18-3104551
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
-
CrossFit Mile Zero Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
$840k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
D&s Oppenheimer INC
D&s Oppenheimer INC
since 2025
Last sale
$1.4M
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 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
$1,545,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.38M (Nov 3 2020)
Last sale anchor
$1.38M
Nov 3 2020
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
$337 / 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
$11,388
Tax year 2023
Assessed value
$1,301,146
Assessed 2023
Previous assessed
$1,320,441
-1.5% YoY
Effective rate
0.88%
On assessed value
Assessed land
$935,000
Assessed improvement
$366,146
Land market value
$935,000
Improvement market value
$366,146
Total market value
$1,301,146
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
4,015 SF
Lot
0.51 ac (22,000 SF)
APN
00069050-000000
UPID
US18-3104551
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
1965
Heating
NONE
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
D&s Oppenheimer INC
Entity
Mailing address
3224 FLAGLER AVE, KEY WEST, FL 33040-4604
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
$1,375,000
D&s Oppenheimer INC
Naveen M Ladha
Deed
related
—
Dec 29, 2025
—
D&s Oppenheimer INC
Tracey Oppenheimer
Quitclaim Deed
related
—
Sep 2, 2025
—
Tracey Oppenheimer
Stephen Oppenheimer
Deed
related
—
Nov 3, 2020
$1,375,000
D&s Oppenheimer INC
Naveen M Ladha
Warranty Deed
$1,168,750 · Gulf Atlantic Bank
Nov 3, 2020
—
Naveen M Ladha
Issa F Ladha
Affidavit Of Death
related
—
Jan 16, 2020
—
Issa Ladha
—
Deed
related
$440,000 · Iberiabank
—
—
Issa Ladha
—
Deed Of Trust
related
$119,800 · Orion Bank
—
—
Premiere Suites INC
—
Deed Of Trust
related
$150,450 · Iberiabank
—
—
Issa Ladha
—
Deed Of Trust
related
$542,252 · Iberiabank
—
—
Issa Ladha
—
Loan Modification
related
$440,000 · Iberiabank
—
—
Issa Ladha
—
Deed Of Trust
related
$575,000 · First Nat'l 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.
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