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Property profile & analytics
OFF-MARKET
Estimated value
$4,045,000
Specialty properties
425 Ocean Dr, Key Colony Beach, FL 33051
Entity Owned
4-yr Hold
Property ID
US18-3599525
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1957
Total area
5,546 SF
Lot
0.77 ac (33,395 SF)
APN
00073970-000000
UPID
US18-3599525
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
$3.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.05M
Owner & transaction history
Middle Keys Marina INC · 4 yrs held
Middle Keys Marina INC
since 2022
Last sale
$4.2M
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
$3,865,000
ML approach
$3,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.05M
Range $3.64M – $4.45M · ±10% · vs last sale $4.20M (May 19 2022)
Last sale anchor
$4.20M
May 19 2022
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
$729 / 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
$25,108
Tax year 2023
Assessed value
$2,582,601
Assessed 2023
Previous assessed
$1,833,563
+40.9% YoY
Effective rate
0.97%
On assessed value
Assessed land
$1,644,319
Assessed improvement
$938,282
Land market value
$1,644,319
Improvement market value
$938,282
Total market value
$2,582,601
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1957
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
2
Units
2
Total area
5,546 SF
Lot
0.77 ac (33,395 SF)
APN
00073970-000000
UPID
US18-3599525
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
1957
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Lot
0.77 ac
Current owner
From public records · entity-resolved
Middle Keys Marina INC
Entity
Mailing address
5628 SHADDELEE LN W, FORT MYERS, FL 33919-2532
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2022
$4,200,000
Middle Keys Marina INC
April L Tracy
Warranty Deed
$3,500,000 · April Tracy
Dec 27, 2017
—
Michael C Tracy
—
Deed
related
$1,300,000 · First St Bk/fl Keys
Jun 24, 2016
—
Michael C Tracy
Tracy S Colfax
Quit Claim Deed
—
Nov 20, 2014
—
April L Tracy
Tracy,norma J
Quit Claim Deed
related
—
Dec 27, 2006
—
Norma J Tracy
Tracy,norma J
Quit Claim Deed
related
—
Aug 17, 2005
—
Tracy S C
Tracy,s C & Norma J
Quit Claim Deed
related
—
—
—
Tracy S Colfax
—
Deed Of Trust
related
—
—
—
Tracy,s Colfax & Norma J
—
Deed Of Trust
related
$100,000 · First St Bk/fl Keys
—
—
Tracy S Colfax
—
Deed Of Trust
related
$300,000 · First State Bank Florida Keys
—
—
Michael C Tracy
—
Deed Of Trust
related
$1,300,000 · First St Bk/fl Keys
—
—
Tracy S C
—
Deed Of Trust
related
$465,000 · Tib Bank Of The Keys
—
—
Tracy S Colfax
—
Deed Of Trust
related
$1,769,000 · First State Bank Florida 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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