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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Industrial properties
623 Duval St 101 Key West, FL 33040-6554
Individually Owned
15-yr Hold
Absentee Owner
Property ID
US18-3335401
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1996
Total area
12,938 SF
Lot
0.27 ac (11,560 SF)
APN
00012410-000000
UPID
US18-3335401
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
-
Wyland Gallery of the Florida Keys Art Gallery Tourist Attraction
-
Bluebonnet Foundation Repair General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.24M
Owner & transaction history
623 Duval Street · 15 yrs held
623 Duval Street
since 2011
5 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,975,000
6.5%
$2,745,000
7%
$2,550,000
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±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
$173 / 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
$32,346
Tax year 2023
Assessed value
$4,468,169
Assessed 2023
Previous assessed
$4,528,008
-1.3% YoY
Effective rate
0.72%
On assessed value
Assessed land
$3,115,350
Assessed improvement
$1,352,819
Land market value
$3,115,350
Improvement market value
$1,352,819
Total market value
$4,468,169
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1996
Heating
NONE
Cooling
YES
Stories
3
Bathrooms
4
Total area
12,938 SF
Lot
0.27 ac (11,560 SF)
APN
00012410-000000
UPID
US18-3335401
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
1996
Heating
NONE
Cooling
Yes
Stories
3
Bathrooms
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
623 Duval Street
Individual
Mailing address
100 N PARK ST, TRAVERSE CITY, MI 49684-5700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2020
—
623 Duval Street LLC
—
Deed
related
$3,400,000 · First Horizon Bk
Feb 28, 2011
—
623 Duval Street
Dingeman LLC
Correction Deed
related
$2,400,000 · Tib Bank
Oct 19, 2005
—
623 Duval Street LLC
Dingeman LLC
Quit Claim Deed
related
$2,990,000 · Huntington National Bank
Jul 1, 1982
$235,000
J & B Investments
Carbonell,inc
Grant Deed
related
—
—
—
623 Duval Street LLC
—
Loan Modification
related
$3,400,000 · First Horizon 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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