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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Industrial properties
509 Whitehead St Key West, FL 33040-6503
Individually Owned
1-yr Hold
Absentee Owner
Property ID
US18-3716214
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1938
Total area
3,152 SF
Lot
0.11 ac (4,600 SF)
APN
00009940-000000
UPID
US18-3716214
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
-
Smith Law Firm Law Firm
-
The Smith Law Firm, A Professional Association Law Firm
-
Grossman Roth PA Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$915k
Owner & transaction history
Donald Richard Matson · 1 yrs held
Donald Richard Matson
since 2024
Last sale
$915,000
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
$915,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$620,000
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $915k (Sep 19 2024)
Last sale anchor
$915k
Sep 19 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
$290 / 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
$15,461
Tax year 2023
Assessed value
$1,770,635
Assessed 2023
Previous assessed
$1,770,635
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,340,900
Assessed improvement
$429,735
Land market value
$1,340,900
Improvement market value
$429,735
Total market value
$1,770,635
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1938
Heating
NONE
Stories
2
Bathrooms
4
Total area
3,152 SF
Lot
0.11 ac (4,600 SF)
APN
00009940-000000
UPID
US18-3716214
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
1938
Heating
NONE
Stories
2
Bathrooms
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Donald Richard Matson
Individual
Mailing address
409 CATHERINE ST, KEY WEST, FL 33040-3160
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Sep 19, 2024
$915,000
Donald Richard Matson
John Michael Vanfleet JR
Warranty Deed
$732,000 · Mason Mcduffie Mortgage Corp
Jul 17, 2015
$1,325,000
509 Whitehead Street LLC
Walters,charles D
Warranty Deed
$993,750 · Branch Bk&tr
Jun 23, 2004
—
Sunkel Newman Properties LLC
Walters,charles D
Quit Claim Deed
related
$748,000 · Keys FCU
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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