Back to Search
Property profile & analytics
FOR SALE
Turn key restaurants
35 Sombrero Blvd Marathon, FL 33050
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-8777659
For Sale
1 / 5
$259,000
35 Sombrero Blvd, Marathon, FL 33050
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1963
Total area
3,663 SF
Lot
0.29 ac (12,711 SF)
APN
00355430-000000
UPID
US18-8777659
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
-
Dockside Boot Key Harbor Bar & Pub Restaurant
-
Sail To Utopia-private sailing yacht charters Sailing Event Area Artist
-
Boot Key Harbor Marina
-
Sombrero Marina Marina
-
Cara Mia Offshore LLC Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Miele Development LLC · 1 yrs held
Miele Development LLC
since 2025
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 Marathon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marathon 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
—
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
$11,953
Tax year 2023
Assessed value
$648,195
Assessed 2023
Previous assessed
$659,467
-1.7% YoY
Effective rate
1.84%
On assessed value
Assessed land
$428,450
Assessed improvement
$219,745
Land market value
$428,450
Improvement market value
$219,745
Total market value
$648,195
Applied tax rate
50.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1963
Heating
NONE
Cooling
NONE
Stories
1
Total area
3,663 SF
Lot
0.29 ac (12,711 SF)
APN
00355430-000000
UPID
US18-8777659
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
1963
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Miele Development LLC
Entity
Free & Clear · 1 yrs held
Mailing address
207 DAVID LN, MARATHON, FL 33050-2917
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
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
$1,125,000
Miele Development LLC
William H Ray LLC
Warranty Deed
—
Dec 20, 2018
$600,000
Bkh Marathon INC
Servais Sweeny & Johnson Prop
Warranty Deed
$700,000 · First St Bk/fl Keys
Mar 21, 2018
—
Sombrero Marina Condo Assn INC
—
Deed
related
$517,200 · Us Small Busn Admn
Mar 22, 2013
—
Servais Sweeny Johnson Prop Co
—
Trustees Deed
related
$100,000 · Centennial Bank
Jan 28, 2013
—
Servais Sweeny Johnson Prop Co
—
Trustees Deed
related
$100,000 · Centennial Bk
May 31, 2011
$100
Servais Sweeney
L & E Entertainment LLC Coc
Trustees Deed
related
—
May 19, 2011
$100
Servais Sweeney
Deputy Clerk Of Monroe County
Trustees Deed
related
—
May 19, 2009
—
L & E Entertainment LLC
—
Trustees Deed
related
$1,273,000 · Servais Sweeny & Johnson Prop
Mar 19, 2008
$1,500,000
L & E Entertainment LLC
Servais Sweeny & Johnson Prop
Warranty Deed
$1,273,000 · Servais Sweeny & Johnson Prop
Feb 7, 2005
$4,400,000
Servais Sweeny & Johnson Property C
Lawrence W Garyantes
Warranty Deed
$3,300,000 · Marine Bank Of The Florida Keys
Jul 31, 2001
$2,200,000
Lawrence W Garyantes
Sombrero Marina & Dockside Lou
Grant Deed
$1,500,000 · Marine Bank Florida Keys
—
—
Servais Sweeny
—
Loan Modification
related
$1,865,762 · Centennial Bank
—
—
Servais Sweeny
—
Deed Of Trust
related
—
—
—
Servais Sweeny
—
Deed Of Trust
related
$473,031 · Centennial Bank
—
—
Sombrero Marina Condo Assn INC
—
Deed Of Trust
related
$517,200 · Us Small Busn Admn
—
—
Lawrence W Garyantes
—
Deed Of Trust
related
$55,000 · Marine Bank Florida Keys
—
—
Servais Sweeny & Johnson Prop
—
Loan Modification
related
—
—
—
Servais Sweeny
—
Deed Of Trust
related
$300,000 · Marine Bank
—
—
Servais Sweeny
—
Loan Modification
related
$1,865,762 · Centennial Bank
—
—
Servais Sweeny & Johnson Prop
—
Loan Modification
related
—
—
—
Servais Sweeny & Johnson Prop
—
Loan Modification
related
$1,815,717 · Centennial Bk
—
—
Servais Sweeny Johnson Prop Co
—
Loan Modification
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?”
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.
