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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Distribution centers
7 1st St Key West, FL 33040-5686
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2028306
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1966
Total area
11,096 SF
Lot
0.35 ac (15,050 SF)
APN
00121660-000000
UPID
US18-2028306
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
-
Florida Keys Party Rentals Party Supply Store Rental Equipment Company
-
Bone Island Welding General Contractor
-
Linens In Paradise Party Supply Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.41M
Owner & transaction history
Holdings LLC · 3 yrs held
Holdings LLC
since 2023
Last sale
$1.4M
6 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
$1,380,000
ML approach
$1,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10% · vs last sale $1.40M (May 2 2023)
Last sale anchor
$1.40M
May 2 2023
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
$127 / 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
$870
Tax year 2023
Assessed value
$1,069,046
Assessed 2023
Previous assessed
$832,009
+28.5% YoY
Effective rate
0.08%
On assessed value
Assessed land
$609,525
Assessed improvement
$459,521
Land market value
$609,525
Improvement market value
$459,521
Total market value
$1,069,046
Applied tax rate
100.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1966
Heating
NONE
Cooling
YES
Stories
1
Units
2
Total area
11,096 SF
Lot
0.35 ac (15,050 SF)
APN
00121660-000000
UPID
US18-2028306
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
1966
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Holdings LLC
Entity
Mailing address
1700 N ROOSEVELT BLVD, KEY WEST, FL 33040-2739
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
$1,400,000
Holdings LLC
Florida INC
Warranty Deed
$1,300,000 · Scottish Rite Temple Association Of Key
Jun 12, 2014
$749,250
Scottish Rite Temple Assn Of Key
7 First Street LLC
Warranty Deed
—
Feb 4, 2008
—
7 First Street LLC
Ruben Investment Properties LLC
Quit Claim Deed
related
$1,000,000 · Orion Bank
Aug 26, 2004
$1,150,000
Ruben Investment Props LLC
Novaes,oswaldo & Josiane K
Warranty Deed
$862,500 · Key West Bank
Aug 11, 1987
$225,000
P W Thompson
Northcraft,zane W
Warranty Deed
related
—
Mar 1, 1985
—
Zane W Northcraft
Key,island Inv INC
Warranty Deed
related
$163,000 · Barnett Bk/keys
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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