New search
Property profile & analytics
OFF-MARKET
Estimated value
$10,915,000
Automotive properties
3500 Roosevelt Blvd Key West, FL 33040-4225
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1514200
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1960
Total area
8,245 SF
Lot
2.57 ac (112,064 SF)
APN
00064960-000000
UPID
US18-1514200
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
-
Niles Nissan Car Dealership
-
Key West Chevrolet GMC Car Dealership
-
EV Connect Charging Station Electric Vehicle Charging Station
-
Key West Cadillac Car Dealership
-
Keys Auto Center North Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.92M
Owner & transaction history
Motorcars Management LLC · 2 yrs held
Motorcars Management LLC
since 2023
Last sale
$10.9M
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
$10,750,000
ML approach
$11,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.92M
Range $9.82M – $12.01M · ±10% · vs last sale $10.90M (Sep 11 2023)
Last sale anchor
$10.90M
Sep 11 2023
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
$1,324 / 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
$41,026
Tax year 2023
Assessed value
$4,258,408
Assessed 2023
Previous assessed
$4,258,528
0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$3,025,717
Assessed improvement
$1,232,691
Land market value
$3,025,717
Improvement market value
$1,232,691
Total market value
$4,258,408
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1960
Heating
NONE
Stories
2
Bathrooms
6
Total area
8,245 SF
Lot
2.57 ac (112,064 SF)
APN
00064960-000000
UPID
US18-1514200
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
Stories
2
Bathrooms
6
Lot
2.57 ac
Current owner
From public records · entity-resolved
Motorcars Management LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2300 NE 151ST ST, NORTH MIAMI, FL 33181-3625
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
—
Motorcars Management LLC
—
Deed
related
$83,712,000 · Manufacturers & Traders Trust Co
Sep 11, 2023
—
Motorcars Management LLC
Niles Sales And Service INC
Quit Claim Deed
related
—
Sep 11, 2023
$10,900,000
Motorcars Management LLC
Niles Sales And Service INC
Special Warranty Deed
$18,700,000 · Bmo Bank NA
Dec 20, 2018
—
Niles Sales & Service INC
—
Loan Modification
related
$5,300,000 · Gm Fin'l
May 1, 2009
—
State Of Florida Dept/transportat
Niles Sales & Service INC
Warranty Deed
—
Mar 26, 2007
$500,000
Niles Sales & Service INC
Tib Bank
Warranty Deed
—
—
—
Niles Sales & Service INC
—
Loan Modification
related
$4,354,698 · Revell & Strom LLC
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 3500 Roosevelt Blvd?
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.
