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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Hotels
3841 Roosevelt Blvd 415 Key West, FL 33040-4534
Trust Owned
2-yr Hold
Free & Clear
Property ID
US18-5993349
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Total area
1,357 SF
Lot
7.63 ac (332,300 SF)
APN
00064881-007700
UPID
US18-5993349
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
-
Brightwild Adventures (Bike/Boat/Book/etc) Store
-
Key West Tiki Boat Boat Rental Service
-
sole Restaurant
-
Hillbilly Hookers LLC Tour Operator Travel Agency
-
Tavern N' Town Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Jonathan Brownfield Biggs Trust · 2 yrs held
Jonathan Brownfield Biggs Trust
since 2024
Last sale
$575,000
3 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
$575,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Jan 5 2024)
Last sale anchor
$575k
Jan 5 2024
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
$424 / 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
$6,844
Tax year 2023
Assessed value
$854,876
Assessed 2023
Previous assessed
$762,621
+12.1% YoY
Effective rate
0.80%
On assessed value
Assessed improvement
$854,876
Improvement market value
$854,876
Total market value
$854,876
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
2006
Heating
NONE
Units
1
Bathrooms
2
Total area
1,357 SF
Lot
7.63 ac (332,300 SF)
APN
00064881-007700
UPID
US18-5993349
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
2006
Heating
NONE
Units
1
Bathrooms
2
Lot
7.63 ac
Current owner
From public records · entity-resolved
Jonathan Brownfield Biggs Trust
Trust
Free & Clear · 2 yrs held
Mailing address
1300 GULF SHR BLVD S, NAPLES, FL 34102-7229
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
—
Jonathan Brownfield Biggs Trust
Thomas H Biggs
Quitclaim Deed
related
—
Jan 3, 2012
$575,000
Thomas Biggs
Marandino,mark E & Lauralee
Warranty Deed
—
Oct 9, 2007
$1,345,000
Mark E Marandino
Sh5 Ltd
Special Warranty Deed
$1,056,600 · Orion 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.
Try Rey
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