New search
Property profile & analytics
OFF-MARKET
Hotels
615 Fleming St Key West, FL 33040-6825
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-0518245
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1928
Total area
3,159 SF
Lot
0.11 ac (4,702 SF)
APN
00006380-000000
UPID
US18-0518245
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
-
Ambrosia House Trop Lodging Hotel & Motel Resort
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
Artic Lane LLC · 1 yrs held
Artic Lane LLC
since 2024
Last sale
$13.9M
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 Key West submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Key West 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
$34,796
Tax year 2023
Assessed value
$4,216,868
Assessed 2023
Previous assessed
$4,216,868
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$2,520,954
Assessed improvement
$1,695,914
Land market value
$2,520,954
Improvement market value
$1,695,914
Total market value
$4,216,868
Applied tax rate
10.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1928
Heating
NONE
Stories
1
Bathrooms
5
Total area
3,159 SF
Lot
0.11 ac (4,702 SF)
APN
00006380-000000
UPID
US18-0518245
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
1928
Heating
NONE
Stories
1
Bathrooms
5
Lot
0.11 ac
Current owner
From public records · entity-resolved
Artic Lane LLC
Entity
Free & Clear · 1 yrs held
Mailing address
615 FLEMING ST, KEY WEST, FL 33040-6825
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Dec 23, 2025
—
Fleming Street Holdings LLC
—
Deed
related
$7,403,000 · First State Bank Of The Florida Keys
Dec 27, 2024
$13,880,000
Artic Lane LLC
618 622 Fleming Street LLC
Special Warranty Deed
—
Oct 28, 2019
—
Ambrosia Key West LLC
—
Trustees Deed
related
$200,000 · Capital Bk
Dec 1, 2015
$1,177,335
615 Fleming Street LLC
Vagnoni,michael P
Warranty Deed
—
May 11, 2006
$5,460,000
Michael P Vagnoni
Owner,record
Warranty Deed
related
—
Jun 9, 2003
—
Keys Katie Too LLC
Miano,kate
Quit Claim Deed
related
—
—
—
Kate N Miano
—
Deed Of Trust
related
$825,000 · Tib Bank Of The Keys
—
—
Vagnoni,michael P
—
Loan Modification
related
$4,930,219 · Capital 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 615 Fleming St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
