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Property profile & analytics
FOR SALE
Office buildings
57478 Overseas Hwy Marathon, FL 33050
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4263684
For Sale
1 / 12
Contact for pricing
57478 Overseas Hwy, Marathon, FL 33050
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
1,280 SF
Lot
1.01 ac (43,975 SF)
APN
00374660-000000
UPID
US18-4263684
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
-
Howard and Lily Leitner - Your Professional Florida Keys Realtors® Real Estate Agency
-
Florida Keys International Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hj3 INC · 15 yrs held
Hj3 INC
since 2010
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 Marathon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marathon 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,923
Tax year 2023
Assessed value
$737,261
Assessed 2023
Previous assessed
$754,244
-2.3% YoY
Effective rate
0.94%
On assessed value
Assessed land
$718,121
Assessed improvement
$19,140
Land market value
$718,121
Improvement market value
$19,140
Total market value
$737,261
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
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1978
Heating
NONE
Cooling
WALL UNIT
Stories
1
Bathrooms
1
Total area
1,280 SF
Lot
1.01 ac (43,975 SF)
APN
00374660-000000
UPID
US18-4263684
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
1978
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Hj3 INC
Entity
Free & Clear · 15 yrs held
Mailing address
52 RILEY RD, CELEBRATION, FL 34747-5420
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Jun 9, 2023
—
Marathon Development Partners LLC
—
Deed
related
$750,000 · Cedear Oak Rei INC
Aug 22, 2018
—
Hj3 INC
—
Grant Deed
related
$2,300,000 · Lv Lndg
Sep 22, 2016
—
Hj3 INC
—
Deed
related
$1,650,000 · Other Institutional Lenders
Sep 13, 2010
—
Hj3 INC
Castro,manuel
Quit Claim Deed
related
—
Mar 3, 2006
$4,750,000
Hj3 INC
Chantel Mar Jc Corp
Grant Deed
$2,400,000 · Chantel Mar Jc Corp
Jan 9, 2006
—
Amyrose Lazo
Castro,manuel
Quit Claim Deed
related
—
—
—
Hj3 INC
—
Deed Of Trust
related
$350,000 · Bacardi Foundation Trust (ct)
—
—
Hj3 INC
—
Deed Of Trust
related
$800,000 · Hyatt Jane R Living Trust (pt)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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