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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Turn key restaurants
47 Shoreland Dr Key Largo, FL 33037-4752
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4702851
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1968
Total area
2,254 SF
Lot
0.94 ac (40,985 SF)
APN
00469640-000000
UPID
US18-4702851
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
-
The Hideout Restaurant Restaurant
-
Boatel/Houseboat Lodgong Hotel & Motel Resort
-
Locke Group Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$1.97M
Owner & transaction history
47 Shoreland Drive LLC · 3 yrs held
47 Shoreland Drive LLC
since 2023
Last sale
$2.0M
5 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 Largo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Key Largo 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
$1,915,000
ML approach
$1,935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±10% · vs last sale $2.00M (Jan 20 2023)
Last sale anchor
$2.00M
Jan 20 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
$872 / 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
$11,624
Tax year 2023
Assessed value
$1,957,027
Assessed 2023
Previous assessed
$1,179,436
+65.9% YoY
Effective rate
0.59%
On assessed value
Assessed land
$1,780,261
Assessed improvement
$176,766
Land market value
$1,780,261
Improvement market value
$176,766
Total market value
$1,957,027
Applied tax rate
500.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1968
Heating
NONE
Buildings
2
Stories
2
Units
1
Total area
2,254 SF
Lot
0.94 ac (40,985 SF)
APN
00469640-000000
UPID
US18-4702851
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
1968
Heating
NONE
Stories
2
Buildings
2
Units
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
47 Shoreland Drive LLC
Entity
Mailing address
3015 BLF ST, BOULDER, CO 80301-2101
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2023
$2,000,000
47 Shoreland Drive LLC
Ian G Koblick
Warranty Deed
$875,000 · Hr Development LLC
Jan 20, 2023
—
Ian G Koblick
Hr Development LLC
Intrafamily Transfer
related
—
Jul 9, 2009
—
Hr Dev LLC
Koblick,ian G & Tonya A
Warranty Deed
—
May 21, 2007
—
Koblick Ian G Trust
Koblick,ian G & Tonya A
Quit Claim Deed
related
—
Jun 1, 1984
$175,000
Kathi L Fearing
Flesor,peter
Warranty Deed
related
$130,000
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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