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Property profile & analytics
OFF-MARKET
Estimated value
$4,865,000
Hotels
351 Ocean Dr, Key Colony Beach, FL 33051
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0530472
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1958
Total area
19,391 SF
Lot
1.33 ac (58,000 SF)
APN
00073950-000000
UPID
US19-0530472
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.87M
Owner & transaction history
John A Hamilton · 17 yrs held
John A Hamilton
since 2009
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 Colony Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Key Colony Beach 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
$251 / 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
$64,087
Tax year 2023
Assessed value
$10,693,671
Assessed 2023
Previous assessed
$5,079,940
+110.5% YoY
Effective rate
0.60%
On assessed value
Assessed land
$6,416,202
Assessed improvement
$4,277,469
Land market value
$6,416,202
Improvement market value
$4,277,469
Total market value
$10,693,671
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
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
1958
Heating
NONE
Stories
3
Units
15
Total area
19,391 SF
Lot
1.33 ac (58,000 SF)
APN
00073950-000000
UPID
US19-0530472
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
1958
Heating
NONE
Stories
3
Units
15
Lot
1.33 ac
Current owner
From public records · entity-resolved
John A Hamilton
Individual
Mailing address
7100 N CAPITOL DR, LINCOLNWOOD, IL 60712-2740
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Mar 10, 2009
$10,000
John A Hamilton
Smith,norval F & Jean B
Warranty Deed
—
Mar 10, 2009
—
Edwin Leonard
Leonard,edwin
Quit Claim Deed
related
—
Jul 22, 2008
—
Demaras INC
—
Trustees Deed
related
—
May 30, 2008
—
Ocean Bch Club Time Share Owne
Oprzadek,donald W & Diane L
Quit Claim Deed
related
—
May 24, 2007
$4,300
Marcia Albert
Rickert,donald & Constance C
Warranty Deed
—
Sep 8, 2006
$3,000
Benison Living Trust
Hanson,maryellen L
Warranty Deed
related
—
Feb 25, 2005
—
Tws Marketing INC
Grisdale,richard T
Quit Claim Deed
related
—
Jan 6, 2005
$8,200
Milton Holl
Bentele,norbert & Angelina
Warranty Deed
related
—
Dec 1, 2004
$3,000
John Glunz
Berdan,mavis
Grant Deed
related
—
Sep 21, 2004
—
Lynn Charles A JR.
Lynn,charles A JR & Loise D
Quit Claim Deed
related
—
Feb 18, 2004
$3,700
Norbert Bentele
Demaras INC
Quit Claim Deed
related
—
Jun 6, 2000
$2,500
Malcolm A Harris
Arsenault,melvin E & Jacquelyn A
Grant Deed
related
—
Dec 22, 1999
$3,500
Karen Lavecchia
Walsh,elisa & Dermot F
Grant Deed
—
Jun 30, 1998
$6,000
Patricia H Glunz
Kary,ronald A & Anna M
Grant Deed
—
Jun 30, 1998
$2,000
Glunz,patricia H & John P
Knight,barbara L
Trustees Deed
related
—
May 9, 1997
$2,000
Ronald Pawlak
Rademacher,james H
Grant Deed
related
—
Jan 30, 1997
$10,000
Norval F Smith
Bartlett Trust
Grant Deed
—
—
—
Glunz Ocn Bch Club Resort LLC
—
Deed Of Trust
related
$5,748,330 · Combined LLC
—
—
Damaras INC
—
Deed Of Trust
related
$250,000 · Marine Bank Florida Keys
—
—
Demaras INC
—
Deed Of Trust
related
$500,000 · Centennial Bank
—
—
Demaras INC
—
Deed Of Trust
related
—
—
—
Demaras INC
—
Deed Of Trust
related
$250,000 · Centennial Bank
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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