New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Hotels
323 Whitehead St Key West, FL 33040-6542
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-6042729
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1934
Total area
3,426 SF
Lot
0.09 ac (4,081 SF)
APN
00004550-000100
UPID
US18-6042729
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
$1.42M
Owner & transaction history
Carri Ann Mefford · 2 yrs held
Carri Ann Mefford
since 2024
Last sale
$9,000
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
$414 / 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
$13,543
Tax year 2023
Assessed value
$1,629,635
Assessed 2023
Previous assessed
$1,629,635
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed improvement
$1,629,635
Improvement market value
$1,629,635
Total market value
$1,629,635
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
3,426 SF
Lot
0.09 ac (4,081 SF)
APN
00004550-000100
UPID
US18-6042729
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
0.09 ac
Current owner
From public records · entity-resolved
Carri Ann Mefford
Individual
Free & Clear · 2 yrs held
Mailing address
4815 OLD TOWER CT, FAIRFIELD, OH 45014-2496
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
61 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2024
$9,000
Carri Ann Mefford
John M Lashay
Warranty Deed
—
Dec 4, 2023
$8,000
Walter H Dukes JR
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
—
Aug 21, 2023
—
William C Griggs
Jerry L Walters
Quit Claim Deed
related
—
Aug 17, 2021
$3,900
Leslie Kernan
Vanessa Trost Hardy
Warranty Deed
—
Jan 15, 2004
$100
Banyan Tree Of Key West Condo
Tresch,robert W & Jean A
Trustees Deed
related
—
Oct 17, 2003
—
Banyan Tree Key West Condo INC
Boyd,lawrence R & Yong I
Trustees Deed
related
—
Jan 26, 2001
$10,000
William I Abercrombie
Macpherson,john & Rose
Grant Deed
—
Sep 5, 2000
$2,900
Mary B Ault
Peters,michael R & Susan J
Grant Deed
related
—
Aug 11, 2000
$4,000
Robert R Schoenauer
Bederman Trust
Grant Deed
—
May 1, 2000
$5,000
David Hops
Steve Schenker Trustee
Quit Claim Deed
related
—
Apr 13, 2000
$6,500
William E Reed
Johnson,elmer E & Betty K
Grant Deed
—
Mar 6, 2000
$9,500
William R Kaufmann
Ostgarden,john
Grant Deed
—
Feb 28, 2000
$5,500
Gerard Furrer
Herman,martin H & Phyllis S
Grant Deed
—
Feb 17, 2000
$10,000
Emerick,jeffrey D & Laura L
Thresher,gary C
Trustees Deed
—
Feb 17, 2000
$8,000
Shallene,frank M & Edith K
Russell,david M & M P
Trustees Deed
—
Feb 9, 2000
$8,000
Joanna Hills
Clark,william & Julie A
Grant Deed
—
Feb 1, 2000
$7,000
Clarkin,frank A
Gourquardez,charles C & Brenda M
Trustees Deed
—
Feb 1, 2000
$3,900
Benson,robin S
Crandell,jason
Trustees Deed
—
Feb 1, 2000
$3,500
Frazier,forrest E & Penelope W
Herrick,ellen V
Trustees Deed
—
Dec 17, 1999
$2,900
David S Wall
Tyer,hugh A & Mary C
Grant Deed
related
—
Dec 15, 1999
$2,500
Rubert Trust
Glidden,na Dyne K
Grant Deed
$1,000 · Seller
Nov 17, 1999
$5,500
Donald W Crank
Guzy,michael L
Grant Deed
—
Oct 28, 1999
$10,000
Bopp,david & Karen
Bell,walter & Carol R
Trustees Deed
—
Oct 28, 1999
$2,700
Flanigan,bette L
Spikes,thomas H & Iris R
Trustees Deed
related
—
Aug 18, 1999
$6,500
Sylvia K Sears
Wrenn,robert D & Patricia S
Grant Deed
—
Aug 17, 1999
$5,600
Fredrick Delgado
Mashakas,stanley C & Donna M
Grant Deed
—
Aug 4, 1999
$3,200
Michael D Weber
Odom,roger & Linda G
Grant Deed
—
Jul 30, 1999
$4,700
Harry S Radcliff
Bracey,richard & Jo
Grant Deed
—
Jul 16, 1999
$6,000
Agnes M Lazzaro
Lamaire,william J & Anne M
Grant Deed
—
Jul 16, 1999
$4,000
Jerry W Schaeffer
Badger,paul S
Grant Deed
—
Jul 2, 1999
$4,000
Vincent J Pellicore
Brenner,lorraine
Grant Deed
—
Jun 18, 1999
$9,000
Sally Rhatigan
Sampsell,thomas J
Grant Deed
—
Jun 15, 1999
$7,500
Samuel G Case
Bender,larry F
Grant Deed
—
Jun 9, 1999
$4,600
Colleen T Mawn
Ware,rosemary J & Jeffrey C
Grant Deed
—
Jun 4, 1999
$6,000
Leigh A Garza
Lovelady,steven & Ann K
Grant Deed
—
Jun 4, 1999
$2,500
Del Norte Refi LLC
Mundaca Investment Corp
Trustees Deed
related
—
May 26, 1999
$7,000
Terry H Wilson
Lamaire,william J & Anne M
Grant Deed
—
May 26, 1999
$5,500
Benno K Trenkle
Kelley,vincent J & Leslie E
Grant Deed
—
May 19, 1999
$4,000
Jalna E Jones
Quinby,lyal E & Donna J
Grant Deed
—
May 10, 1999
$3,900
Gary D Robinson
Padon,forest O & Valerie T
Grant Deed
—
Apr 30, 1999
$4,500
Jeffery G Locke
Pich,connie L
Grant Deed
—
Apr 5, 1999
$4,800
Donald C Schaffer
Robinson,mark A
Grant Deed
—
Mar 24, 1999
$5,000
Brian K Fairchild
Shannon,barbara J
Grant Deed
—
Mar 22, 1999
$5,500
Kathleen G Brink
Coleman,edith R
Grant Deed
—
Mar 19, 1999
$12,000
Ray Kelly
Horne,roger B
Grant Deed
—
Mar 19, 1999
$5,500
Dean,paul F
Leedy,clayton B & Pauline J
Trustees Deed
—
Mar 19, 1999
$25,000
Kozel,brent D
Parks,louis D & Grace S
Trustees Deed
—
Mar 2, 1999
$5,300
Thomas Roberson
Perry,e E
Grant Deed
—
Jan 19, 1999
$8,900
Rein,robert B & Nancy A
Rogers,arthur L & Sharon C
Trustees Deed
—
Jan 19, 1999
$8,800
Jackson,linda
Murawski,edward T & Mary K
Trustees Deed
—
Dec 15, 1998
$4,000
Henry Deplaza
Dibble,deborah M
Grant Deed
—
Dec 4, 1998
$6,900
Craig D Jewart
Teitler,mark A
Grant Deed
—
Nov 24, 1998
$3,000
Mongomery,gary
Henn,william A & Margaret B
Trustees Deed
related
—
Nov 23, 1998
$2,500
Patrick A Curl
Gusweiler,joseph G & Roxanna
Grant Deed
related
—
Sep 9, 1998
$12,500
Stuart D Grant
Koerner,richard M & Marianne
Grant Deed
—
Sep 9, 1998
$1,500
David C Gliottone
Tennessee Financial Group INC
Grant Deed
related
—
Aug 21, 1998
$9,000
Lawrence L Savage
Williams,charles J
Grant Deed
—
Jul 1, 1998
$5,000
John E Fletcher
West,paul R & Sharon G
Grant Deed
—
Jun 29, 1998
$6,500
Stuart H Sampson
Gregory,daniel T
Grant Deed
—
Apr 14, 1997
$6,500
William D Callison
Hanson,richard P & Pamela M
Quit Claim 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.
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