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Property profile & analytics
OFF-MARKET
Estimated value
$6,965,000
Office buildings
580 Crandon Blvd Key Biscayne, FL 33149-1832
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0241984
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2010
Construction
CONCRETE
Total area
14,854 SF
Lot
0.41 ac (17,766 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
24-5205-001-0010
UPID
US18-0241984
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.97M
Owner & transaction history
Nelson C Stabile · 6 yrs held
Nelson C Stabile
since 2020
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Key Biscayne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.0M
+8.7%
Commercial (general)
$11.0M
+8.4%
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 Biscayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Key Biscayne 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%
$7,575,000
6.5%
$6,995,000
7%
$6,495,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,130,000
Current use
RESTAURANT
$11,015,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,980,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,710,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$8,495,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$6.97M
Range $6.27M – $7.66M · ±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
$469 / 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
$60,928
Tax year 2023
Assessed value
$4,300,000
Assessed 2023
Previous assessed
$4,270,000
+0.7% YoY
Effective rate
1.42%
On assessed value
Assessed land
$3,197,880
Assessed improvement
$1,102,120
Land market value
$3,197,880
Improvement market value
$1,102,120
Total market value
$4,300,000
Applied tax rate
2,400.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2010
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Total area
14,854 SF
Lot
0.41 ac (17,766 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
24-5205-001-0010
UPID
US18-0241984
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Key Biscayne, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Key Biscayne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Key Biscayne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.1M
RESTAURANT
Est. value
$11.0M
COMMERCIAL (GENERAL)
Est. value
$11.0M
AUTO REPAIR, GARAGE
Est. value
$9.7M
RETAIL STORES
Est. value
$8.5M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2010
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Lot
0.41 ac
Current owner
From public records · entity-resolved
Nelson C Stabile
Individual
Mailing address
180 CRANDON BLVD STE #114, KEY BISCAYNE, FL 33149-1555
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
—
Parkink LLC
—
Deed
related
$900,000 · Grove Bk&tr
Oct 20, 2020
—
Parkink LLC
—
Deed
related
$3,535,906 · Florida Bk
Jul 10, 2020
$3,750,000
Nelson C Stabile
Peter G Warner
Warranty Deed
$2,625,000 · Synovus Bk
Jan 31, 2017
—
Parkink LLC
—
Deed
related
$900,000 · Coconut Grove Bank
Jul 14, 2010
—
Parkink LLC
—
Trustees Deed
related
$600,000 · Regions Bank
Apr 24, 2003
$1,900,000
Parkink LLC
Key Island Investments INC
Grant Deed
$800,000 · Eurobank
—
—
Parkink LLC
—
Deed Of Trust
related
$1,200,000 · Regions Bank
—
—
Parkink LLC
—
Deed Of Trust
related
$730,000 · Eurobank
—
—
Parkink LLC
—
Deed Of Trust
related
$4,500,000 · Regions Bank
—
—
Parkink LLC
—
Loan Modification
related
$900,000 · Grove Bk&tr
—
—
Parkink LLC
—
Loan Modification
related
$3,535,906 · Florida Bk
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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