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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    58000 Card Sound Rd Key Largo, FL 33037

    • Industrial properties
    • 1,530 SF
    • 0.26 lot acres
    For Sale
    View listing
    $4,900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3832929
    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.

    Current Use by Public Records

    • Alabama Jacks / Seafood Restaurant / Bar

    Property Details for 58000 Card Sound Rd

    Year built
    1978
    Lot size
    0.26 lot acres
    Property size
    1,530 SF
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    00080241-000100
    APU
    80241000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.3788
    Latitude
    25.2913
    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
    $3,188
    $2.00
    $401,607
    $401,609
    -
    $2.00
    $401,607
    $401,609

    Comparable in this City

    • Value Estimation
      $2,750,000
      10,903 SF

      99530 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 10,903 SF
      99530 Overseas Hwy, Key Largo, FL 33037-2433
      View Details
    • Value Estimation by Request
      848 SF

      106240 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 848 SF
      106240 Overseas Hwy, Key Largo, FL 33037-3129
      View Details
    • Value Estimation
      $1,550,000
      7,214 SF

      100800 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 7,214 SF
      100800 Overseas Hwy, Key Largo, FL 33037-2506
      View Details
    • Value Estimation
      $610,000
      3,120 SF

      97800 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,120 SF
      97800 Overseas Hwy, Key Largo, FL 33037-2229
      View Details
    • Value Estimation
      $770,000
      5,000 SF

      99222 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,000 SF
      99222 Overseas Hwy, Key Largo, FL 33037-4233
      View Details
    • Value Estimation by Request
      1,860 SF

      102901 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,860 SF
      102901 Overseas Hwy, Key Largo, FL 33037-4690
      View Details

    Similar Nearby for Sale

    • $4,000,000
      1.01 Acres

      Key Largo Commercial Property

      Prime location, high ROI potential.
      98250 Overseas Hwy, Key Largo, FL 33037
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    • $6,000,000
      7,026 SF

      World Famous Alabama Jacks

      Restaurants • 7,026 SF
      58000 Card Sound Rd, Key Largo, FL 33037
      View Details
    • New
      $1,790,000

      Key Largo Mixed-Use Property

      High-visibility mixed-use property with commercial storefront and residential apartment.
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      Commercial building with highway frontage and additional rental options.
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      Key Largo Commercial Property For Sale

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      Highway Frontage Commercial Building

      Commercial building with highway frontage and upstairs space for lease.
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    Similar Nearby for Lease

    • Contact for pricing
      200,988 SF

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      Prime Retail Center, Key Largo, FL
      101437 Overseas Hwy, Key Largo, FL 33037
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    • $3,600 /Mo

      Renovated Apartment with Ocean Views

      Renovated 2-bedroom apartment with ocean views in Key Largo.
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    • Contact for pricing
      2,231 SF

      Retail Space in Key Largo

      Retail space available in a conveniently located shopping center.
      101401-101499 Overseas Hwy, Key Largo, FL 33037
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    • Contact for pricing
      4,000 SF

      Retail and Office Space Available

      Retail and office spaces for lease in Key Largo.
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    • Contact for pricing
      160,651 SF

      Key Largo Retail Center Investment

      Prime Key Largo retail space, multiple suites available.
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      View Details
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    Key Largo, FL 33037
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    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
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