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Property profile & analytics
OFF-MARKET
Estimated value
$6,575,000
Hotels
707 Truman Ave Key West, FL 33040-6423
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5172059
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1943
Total area
4,247 SF
Lot
0.79 ac (34,574 SF)
APN
00020360-000000
UPID
US18-5172059
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.58M
Owner & transaction history
Khp IV Key West LLC · 7 yrs held
Khp IV Key West LLC
since 2018
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
$1,548 / 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
$64,419
Tax year 2023
Assessed value
$8,435,739
Assessed 2023
Previous assessed
$8,435,739
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$5,061,443
Assessed improvement
$3,374,296
Land market value
$5,061,443
Improvement market value
$3,374,296
Total market value
$8,435,739
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
1943
Heating
NONE
Cooling
WALL UNIT
Buildings
5
Stories
1
Bathrooms
2
Total area
4,247 SF
Lot
0.79 ac (34,574 SF)
APN
00020360-000000
UPID
US18-5172059
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
1943
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Bathrooms
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
Khp IV Key West LLC
Entity
Free & Clear · 7 yrs held
Mailing address
101 CALIFORNIA ST STE #980, SAN FRANCISCO, CA 94111-5839
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Aug 7, 2018
$12,574,100
Khp IV Key West LLC
709 Truman INC
Grant Deed
—
Jun 9, 2016
—
709 Truman INC
—
Deed
related
$7,251,153 · Capital Bk
Sep 29, 2005
$9,900,000
709 Truman INC
Leslie James Durbin
Warranty Deed
—
Nov 19, 2004
$565,000
Colleen Blakley
Insite Key West Olivia LLC
Warranty Deed
$265,000 · Geneva Mortgage Co
Jun 1, 1993
$1,281,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
—
—
709 Truman INC
—
Loan Modification
related
$6,831,153 · Capital Bk
—
—
Myers,john F
—
Deed Of Trust
related
$9,700 · Marine Bk/fl Keys
—
—
709 Truman INC
—
Deed Of Trust
related
$400,000 · Leslie J Durbin
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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