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Property profile & analytics
OFF-MARKET
Estimated value
$2,575,000
Industrial properties
401 Ocean Dr, Key Colony Beach, FL 33051
Individually Owned
11-yr Hold
Property ID
US18-2751436
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1959
Total area
12,780 SF
Lot
0.66 ac (28,905 SF)
APN
00073960-000000
UPID
US18-2751436
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
$2.72M
Comparable Approach
Comparable
$2.32M
Blend (final)
Blend
$2.58M
Owner & transaction history
April L Tracy · 11 yrs held
April L Tracy
since 2014
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,940,000
6.5%
$2,715,000
7%
$2,520,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,735,000
Current use
RETAIL STORES
$3,280,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.58M
Range $2.32M – $2.83M · ±10%
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
$201 / 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
$31,954
Tax year 2023
Assessed value
$3,680,014
Assessed 2023
Previous assessed
$3,680,215
0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$2,326,574
Assessed improvement
$1,353,440
Land market value
$2,326,574
Improvement market value
$1,353,440
Total market value
$3,680,014
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1959
Heating
NONE
Stories
1
Bathrooms
7
Total area
12,780 SF
Lot
0.66 ac (28,905 SF)
APN
00073960-000000
UPID
US18-2751436
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
RETAIL STORES
Est. value
$3.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Stories
1
Bathrooms
7
Lot
0.66 ac
Current owner
From public records · entity-resolved
April L Tracy
Individual
Mailing address
7100 N CAPITOL DR, LINCOLNWOOD, IL 60712-2740
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2014
—
April L Tracy
Tracy,norma J
Quit Claim Deed
related
—
Jan 17, 2014
$2,475,000
Seven Js LLC
Tracy,s Colfax
Warranty Deed
—
Dec 27, 2006
—
Tracy S Colfax
Tracy,norma J
Quit Claim Deed
related
—
Aug 17, 2005
—
Tracy S C
Tracy,s C & Norma J
Quit Claim Deed
related
—
Oct 6, 1988
$160,000
S R T C INC
Marine,bank Of Monroe
Warranty Deed
related
—
—
—
Tracy S Colfax
—
Deed Of Trust
related
—
—
—
Seven Js LLC
—
Deed Of Trust
related
$2,483,328 · Combined LLC
—
—
Tracy S C
—
Deed Of Trust
related
$903,826 · Tib Bank Of The Keys
—
—
Tracy S C
—
Deed Of Trust
related
$1,129,782 · Tib Bank Of The Keys
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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