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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Specialty properties
51 Shoreland Dr Key Largo, FL 33037-4752
Entity Owned
3-yr Hold
Free & Clear
Property ID
US19-0843746
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1974
Total area
10,000 SF
Lot
2.09 ac (91,040 SF)
APN
00469430-000000
UPID
US19-0843746
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
-
Jules Undersea Lodge Hotel & Motel Resort
-
Marine Resources Charitable Organization Social Service Agency
-
Marinelab Training Center Tutoring Service
-
Ocean First (Bike/Boat/Book/etc) Store
-
KeySea Cruising Houseboat Rentals Boat Rental Service Service Establishment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Marine Resources Development Fndn I · 3 yrs held
Marine Resources Development Fndn I
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+17.1%
Warehouse, storage
$1.1M
+2.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$1,040,000
Current use
RESTAURANT
$1,215,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,070,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$85 / 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
$3,580
Tax year 2023
Assessed value
$2,761,910
Assessed 2023
Previous assessed
$2,797,532
-1.3% YoY
Effective rate
0.13%
On assessed value
Assessed land
$868,032
Assessed improvement
$1,893,878
Land market value
$868,032
Improvement market value
$1,893,878
Total market value
$2,761,910
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
YES
Buildings
4
Stories
2
Units
1
Bathrooms
1
Total area
10,000 SF
Lot
2.09 ac (91,040 SF)
APN
00469430-000000
UPID
US19-0843746
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RESTAURANT
WAREHOUSE, STORAGE
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
1974
Heating
NONE
Cooling
Yes
Stories
2
Buildings
4
Units
1
Bathrooms
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
Marine Resources Development Fndn I
Entity
Free & Clear · 3 yrs held
Mailing address
51 SHORELAND DR, KEY LARGO, FL 33037-4752
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
—
Marine Resources Development Fndn I
Hr Development LLC
Quit Claim Deed
related
—
Apr 22, 2019
—
Marine Resources Development Fndn I
—
Deed
related
$2,130,000 · First State Bank Of The Florida Keys
—
—
Marine Resources Dev Foun INC
—
Loan Modification
related
$1,548,808 · First State Bank Florida Keys
—
—
Marine Resources Dev Foun INC
—
Loan Modification
related
$114,639 · First State Bank Florida Keys
—
—
Marine Resources Dev Foun INC
—
Loan Modification
related
$407,525 · First St Bk/fl Keys
—
—
Marine Resources Dev Foun INC
—
Deed Of Trust
related
$496,068 · First State Bank Florida Keys
—
—
Marine Resources Dev Foun INC
—
Deed Of Trust
related
$1,892,521 · First State Bank Florida Keys
—
—
Marine Resources Dev Foun INC
—
Deed Of Trust
related
$139,548 · 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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