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Property profile & analytics
OFF-MARKET
Estimated value
$19,005,000
Hotels
7001 Shrimp Rd Key West, FL 33040-6053
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-8408453
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2017
Total area
64,770 SF
Lot
5.32 ac (231,865 SF)
APN
00123761-000400
UPID
US18-8408453
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
-
The Green Pineapple at the Perry Hotel Clothing & Fashion Store
-
Dolphin Safari Charters Tour Operator (Bike/Boat/Book/etc) Store
-
Drop Off Sportfishing Tour Operator Travel Agency
-
Forever Young Charter Company Travel Agency Tour Operator
-
Kaleidoscope Wellness Retreats Resort Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.26M
Blend (final)
Blend
$19.01M
Owner & transaction history
Kw Perry LLC · 3 yrs held
Kw Perry LLC
since 2023
Last sale
$23.4M
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
$23,105,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.01M
Range $17.10M – $20.91M · ±10% · vs last sale $23.43M (Mar 31 2023)
Last sale anchor
$23.43M
Mar 31 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
$293 / 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
$322,809
Tax year 2023
Assessed value
$46,768,742
Assessed 2023
Previous assessed
$42,632,754
+9.7% YoY
Effective rate
0.69%
On assessed value
Assessed land
$27,255,939
Assessed improvement
$19,512,803
Land market value
$27,255,939
Improvement market value
$19,512,803
Total market value
$46,768,742
Applied tax rate
110.0000
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
2017
Heating
FORCED AIR
Buildings
3
Stories
3
Total area
64,770 SF
Lot
5.32 ac (231,865 SF)
APN
00123761-000400
UPID
US18-8408453
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
2017
Heating
FORCED AIR
Stories
3
Buildings
3
Lot
5.32 ac
Current owner
From public records · entity-resolved
Kw Perry LLC
Entity
Free & Clear · 3 yrs held
Mailing address
848 BRICKELL AVE STE #1100, MIAMI, FL 33131-2943
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
$23,430,000
Kw Perry LLC
Simv Hotel 1 LLC
Special Warranty Deed
—
Sep 5, 2019
—
Simv Hotel 1 LLC
—
Grant Deed
related
$45,000,000 · Branch Bk&tr
Jun 15, 2007
—
Safe Harbor Enterprises INC
Safe Hbr Marine Railway Corp
Quit Claim Deed
related
—
May 16, 2007
$7,000,000
New Stock Island Props LLC
Renier,charles H & Leah
Warranty Deed
—
May 15, 2007
$954,000
Renier,charles H & Leah
Safe Harbor Ents INC
Grant Deed
—
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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