New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Hotels
323 Whitehead St Key West, FL 33040-6542
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-6032658
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1934
Total area
5,490 SF
Lot
0.06 ac (2,628 SF)
APN
00004580-000100
UPID
US18-6032658
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
$2.25M
Owner & transaction history
Jerry E Myers · 2 yrs held
Jerry E Myers
since 2024
Last sale
$8,900
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
$17,465
Tax year 2023
Assessed value
$2,182,915
Assessed 2023
Previous assessed
$2,182,915
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed improvement
$2,182,915
Improvement market value
$2,182,915
Total market value
$2,182,915
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
1934
Heating
NONE
Units
5
Bathrooms
5
Total area
5,490 SF
Lot
0.06 ac (2,628 SF)
APN
00004580-000100
UPID
US18-6032658
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
1934
Heating
NONE
Units
5
Bathrooms
5
Lot
0.06 ac
Current owner
From public records · entity-resolved
Jerry E Myers
Individual
Free & Clear · 2 yrs held
Mailing address
255 FALCONS NEST, AFTON, TN 37616-6172
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
$8,900
Jerry E Myers
Jerry E Myers
Intrafamily Transfer
related
—
Feb 9, 2024
$25,000
Lawrence G Bridwell
Linda L Richter
Warranty Deed
—
Apr 25, 2023
$14,000
David J Canrall
Christine J Cobb
Warranty Deed
—
Sep 11, 2003
—
Banyan Tree Of Key West Condo
Landa,julio A & Ruth H
Grant Deed
related
—
Dec 12, 2002
—
Banyan Tree Of Key West Condo
Marocco,laura J
Grant Deed
related
—
Dec 18, 2001
—
Banyan Tree Of Key West Condo
Moore,donald E
Grant Deed
related
—
Dec 19, 1997
$16,500
Richard Woolsey
Arata-rhodes,felice A
Grant Deed
—
Dec 11, 1997
$5,000
Jamie L Smith
Smith,robin L
Grant Deed
related
—
Aug 15, 1997
$4,200
Bruce A Johnson
Joho,richard W & Pamela A
Grant Deed
—
Jun 18, 1997
$6,900
Mildred Lanigan
Leboeuf,richard A
Grant Deed
—
Jun 10, 1997
$6,700
Robert J Altavilla
Emery,paul F
Grant Deed
—
Feb 3, 1997
$5,000
Petter K Larose
Joho,richard W & Pamela A
Grant Deed
—
Jan 28, 1997
—
Hess Trust
Hess,dick & Beverly A
Quit Claim Deed
related
—
—
—
Lawrence German JR.
—
Deed Of Trust
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.
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