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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Community centers
81001 Overseas Hwy Islamorada, FL 33036-3770
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5420774
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1998
Total area
3,720 SF
Lot
2.18 ac (95,125 SF)
APN
00397810-000000
UPID
US18-5420774
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
$1.76M
CAP Approach
CAP
$885k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Mile Marker 81 LLC · 5 yrs held
Mile Marker 81 LLC
since 2020
Last sale
$1.4M
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 Islamorada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Islamorada 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
$1,790,000
ML approach
$1,760,000
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$885,000
7%
$820,000
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.40M (Dec 30 2020)
Last sale anchor
$1.40M
Dec 30 2020
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
$388 / 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
$18,805
Tax year 2023
Assessed value
$1,984,342
Assessed 2023
Previous assessed
$1,984,355
0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,533,724
Assessed improvement
$450,618
Land market value
$1,533,724
Improvement market value
$450,618
Total market value
$1,984,342
Applied tax rate
50.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1998
Heating
NONE
Buildings
2
Stories
2
Total area
3,720 SF
Lot
2.18 ac (95,125 SF)
APN
00397810-000000
UPID
US18-5420774
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
1998
Heating
NONE
Stories
2
Buildings
2
Lot
2.18 ac
Current owner
From public records · entity-resolved
Mile Marker 81 LLC
Entity
Mailing address
81001 OVERSEAS HWY, ISLAMORADA, FL 33036-3770
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
$1,400,000
Mile Marker 81 LLC
Preferred Income Partners IV LLC
Warranty Deed
$1,050,000 · First State Bank Of The Florida Keys
Jun 6, 2013
$100
Preferred Income Ptrs IV LLC
Net Five-fda Of Islamorad Coc
Trustees Deed
related
—
Jan 11, 2013
$100
Preferred Income Ptrs IV LLC
Deputy Clerk Of Monroe County
Trustees Deed
related
—
Jan 6, 2011
$2,500,000
Net Five-fda At Islamorada LLC
Florida Keys Holding Co
Warranty Deed
$2,575,000 · Preferred Income Ptrs IV LLC
Sep 11, 1995
$500,000
Fl Keys Holding Co
Rebecca,j Covey|mgmt,audits INC Liqu
Grant Deed
related
$512,000 · Marine Bk/fl Keys
—
—
Net Five-fda At Islamorada LLC
—
Deed Of Trust
related
$554,140 · Camden R/e Opportunity Fund I
—
—
Florida Keys Holding Co
—
Deed Of Trust
related
$500,000 · Marine Bank
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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