Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5610 College Rd Key West, FL 33040-4310
    Back to Search
    Property profile & analytics

    5610 College Rd, Key West, FL 33040-4310

    View on Map
    • Specialty properties
    • 7,185 SF
    • 3.13 lot acres
    Off-Market
    Property ID
    US18-5015750
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • American Legion Post 28 / Volunteer Organization / Community Center
    • The Dance Factory / Training Center

    Property Details for 5610 College Rd

    Year built
    1947
    Lot size
    3.13 lot acres
    Property type
    Specialty properties
    APN
    00072080-001300
    APU
    72080001300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 30, 2024 — Arthur Sawyer Post No 28 American L — Deed · related $200k · Centennial Bank
    Feb 12, 2020 — Key West Telco LLC — Deed · related $433k · First St Bk/fl Keys
    — — Key West Telco LLC — Deed Of Trust · related $433k · First St Bk/fl Keys

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.7456
    Latitude
    24.5783
    CBSA code
    28580
    CBSA name
    KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,194
    $645,234
    $303,261
    $948,495
    -
    $645,234
    $303,261
    $948,495

    Comparable in this City

    • Value Estimation by Request
      6,447 SF

      2315 Roosevelt Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2315 Roosevelt Blvd, Key West, FL 33040-3835
      View Details
    • Value Estimation
      $725,000
      13,631 SF

      533 Eaton St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      533 Eaton St, Key West, FL 33040-6801
      View Details
    • Value Estimation by Request
      2,010 SF

      213 Whitehead St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      213 Whitehead St, Key West, FL 33040
      View Details
    • Value Estimation by Request
      3,408 SF

      2405 Roosevelt Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2405 Roosevelt Blvd, Key West, FL 33040-3837
      View Details
    • Value Estimation by Request
      2,000 SF

      301 Frnt St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      301 Frnt St, Key West, FL 33040-6614
      View Details
    • Value Estimation by Request
      5,179 SF

      803 Emma St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      803 Emma St, Key West, FL 33040-7344
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Key West Vendor's License

      Rare opportunity to purchase a transferable City of Key West Vendor's License.
      1 Vendors License, Key West, FL 33040
      View Details
    • $450,000

      Established Transportation Company For Sale

      Key West transportation company with luxury clientele and strong hospitality partnerships.
      5582 1St Ave, Stock Island, FL 33040
      View Details
    • $375,000
      2.39 Acres

      Key West Deep Water Slip

      Deep water slip in Key West, Florida available for purchase.
      6810 Front St, Key West, FL 33040
      View Details
    • $300,000

      Stock Island Marina Boat Slip

      Dry rack boat slip in Key West's Stock Island Marina.
      6000 Peninsular Ave, Key West, FL 33040
      View Details
    • $299,000

      Key West Marina Slip Opportunity

      Premier 50' x 20' slip in gated Sunset Marina.
      5555 College Rd, Key West, FL 33040
      View Details
    • $249,000
      Pending

      Key West Deep Water Slip

      Deep water slip in Safe Harbour Marina, Key West.
      6810 Front St, Key West, FL 33040
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      1,307 SF

      Stock Island Commercial Space For Rent

      Versatile 1,300 SF commercial space in high-traffic Stock Island location.
      6150 2Nd St, Stock Island, FL 33040
      View Details
    • $23,500
      3,215 SF

      Prime Retail Space in Key West

      High-traffic retail location in Old Town Key West.
      400 Front St, Key West, FL 33040
      View Details
    • $1,400 /Mo
      160 SF

      Updated Office Space in Key West

      Small, updated office space in Old Town Key West.
      524 Eaton St, Key West, FL 33040
      View Details
    • $18,052 /Mo
      1,733 SF

      Duval Street Retail Opportunity

      Prime retail space on Duval Street in Key West.
      400 Duval St, Key West, FL 33040
      View Details
    • $44,677
      Pending

      Duval Street Retail Opportunity

      Prime retail or restaurant space on Key West's Duval Street.
      210-216 Duval St, Key West, FL 33040
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 1,491 square feet.
      3201 Flagler Ave, Key West, FL 33040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5610 College Rd
    Key West, FL 33040-4310
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5610 College Rd, Key West, FL, 33040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!