Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Hotels
323 Whitehead St Key West, FL 33040-6542
Individually Owned
Free & Clear
Property ID
US18-5938484
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1960
Total area
4,044 SF
Lot
0.15 ac (6,699 SF)
APN
00004530-000100
UPID
US18-5938484
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
-
The Banyan Resort Hotel & Motel Resort
-
William Lowe Delaney/Theodore Holtsberg House Marker Heritage Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Kevin Andrecs
Kevin Andrecs
since 2026
Last sale
$5,900
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$410 / 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
$13,199
Tax year 2023
Assessed value
$1,630,475
Assessed 2023
Previous assessed
$1,630,475
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed improvement
$1,630,475
Improvement market value
$1,630,475
Total market value
$1,630,475
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1960
Heating
NONE
Units
5
Bathrooms
5
Total area
4,044 SF
Lot
0.15 ac (6,699 SF)
APN
00004530-000100
UPID
US18-5938484
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
1960
Heating
NONE
Units
5
Bathrooms
5
Lot
0.15 ac
Current owner
From public records · entity-resolved
Kevin Andrecs
Individual
Free & Clear · 0 yrs held
Mailing address
3215 BARNES SPG TER, MIDLOTHIAN, VA 23112-4257
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
33 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2026
$18,000
Kevin Andrecs
Carl V Jorgensen
Warranty Deed
—
Aug 6, 2025
$14,500
Nathan R Ammann
Banyan Tree Of Key West Condo & Own
Warranty Deed
—
Jul 10, 2025
$12,000
Jennifer Ann Derosa
Leonard A Waugh
Warranty Deed
—
Apr 24, 2025
$14,000
Jennifer Lynne Urban
Gus Constantinou
Warranty Deed
—
Mar 31, 2025
$21,000
Brian K Lynch
Peter R Haralampus
Warranty Deed
—
Apr 23, 2024
$3,000
Ariane Godby
Charles William Walz IV
Warranty Deed
—
Apr 5, 2024
$8,900
Jerry E Myers
Jerry E Myers
Special Warranty Deed
—
Apr 5, 2024
$17,500
Robert M Brownlee
Paul G Cattaneo
Warranty Deed
—
Apr 2, 2024
$5,900
Douglas O Lipps
Kerr A Richard
Warranty Deed
—
Mar 1, 2024
$11,500
Susan Ann Krumlauf
James A Stedman II
Warranty Deed
—
Feb 26, 2024
—
Jennifer Lynne Urban
John P Gilbertson
Deed
related
—
Feb 23, 2024
$19,000
Jennifer Lynne Urban
John P Gilbertson
Warranty Deed
—
Feb 21, 2024
$19,500
Roger C Gauss
Robert H Rank
Warranty Deed
—
Feb 20, 2024
$9,000
Carri Ann Mefford
John M Lashay
Warranty Deed
—
Feb 12, 2024
$3,200
Dennis L Gill
Nancy Freihaut
Warranty Deed
—
Feb 9, 2024
$25,000
Lawrence G Bridwell
Linda L Richter
Warranty Deed
—
Dec 4, 2023
$8,000
Walter H Dukes JR
The Banyan Tree Of Key West Condomi
Warranty Deed
—
Dec 4, 2023
$10,000
Daniel P Boyd
The Banyan Tree Of Key West Condomi
Warranty Deed
—
Nov 30, 2023
$17,500
Advanta Ira Services LLC Fbo Patric
Thomas J Coyne
Warranty Deed
—
Nov 29, 2023
$15,500
Cathleen F Frazier
Dennis C Mcintyre
Warranty Deed
—
Aug 21, 2023
—
William C Griggs
Jerry L Walters
Quitclaim Deed
related
—
Aug 4, 2023
$25,000
Thomas J Greene
Edward George Davey
Warranty Deed
—
Apr 25, 2023
$14,000
David J Canrall
Christine J Cobb
Warranty Deed
—
Mar 31, 2023
$5,000
Denise L Baker Simon
Timothy A Hines
Warranty Deed
—
Aug 17, 2021
$3,900
Leslie Kernan
Vanessa Trost Hardy
Warranty Deed
—
Dec 11, 2003
—
Banyan Tree Of Key West Condo
Campbell,robert & Nancy
Trustees Deed
related
—
Oct 1, 2003
—
Banyan Tree Of Key West Condo
Gitonga,jackson W & Mary L
Trustees Deed
related
—
Aug 14, 2003
—
Banyan Tree Of Key West Condo
Hudock,wilma A
Quit Claim Deed
related
—
Jan 8, 2003
—
Banyan Tree Of Key West Condo
Faller,froberto & Josephine V
Grant Deed
related
—
Feb 14, 2002
—
Herb M Knerr
Storm,matthew T & Elizabeth S
Grant Deed
related
—
Jul 27, 2000
$3,100
Paul J Walsh
Oddo,kenneth J & Dawn A
Grant Deed
—
May 11, 1998
$9,100
Paul G Heckler
Fisch,david J
Grant Deed
—
Jan 7, 1997
—
Theodore S Keen
Carbauh,john D
Grant Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 323 Whitehead St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
