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Property profile & analytics
OFF-MARKET
Industrial properties
811 Fleming St Key West, FL 33040-6903
Entity Owned
1-yr Hold
Free & Clear
Property ID
US19-0177601
Property summary
AI-generated overview
This exceptional mixed-use property, located in the heart of Old Town Key West at 811 Fleming Street, presents a rare opportunity. The 2,252 square foot building sits on a 2,324 square foot lot and boasts two units: a stylish one-bedroom, one-bathroom apartment upstairs with tile floors, skylights, stainless steel appliances, and a washer/dryer, plus a private deck overlooking a tree-lined area
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1929
Total area
1,170 SF
Lot
0.06 ac (2,406 SF)
APN
00005950-000000
UPID
US19-0177601
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
by Request
Owner & transaction history
Republica De Conch LLC · 1 yrs held
Republica De Conch LLC
since 2025
Last sale
$1.7M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,509
Tax year 2023
Assessed value
$785,432
Assessed 2023
Previous assessed
$607,008
+29.4% YoY
Effective rate
0.83%
On assessed value
Assessed land
$619,060
Assessed improvement
$166,372
Land market value
$619,060
Improvement market value
$166,372
Total market value
$785,432
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
1929
Heating
NONE
Cooling
YES
Stories
3
Units
1
Bathrooms
3
Total area
1,170 SF
Lot
0.06 ac (2,406 SF)
APN
00005950-000000
UPID
US19-0177601
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
1929
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Bathrooms
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Republica De Conch LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 2210, WEST PALM BEACH, FL 33402-2210
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 13, 2025
$1,700,000
Republica De Conch LLC
811 Fleming Street LLC
Warranty Deed
—
Mar 27, 2012
—
811 Fleming Street LLC
Snafuworld LLC
Quit Claim Deed
related
—
Jul 8, 2009
$545,000
Snafuworld LLC
Flora & Flipp On Fleming INC
Warranty Deed
—
Jun 11, 2004
—
Flora & Flipp On Fleming INC
Larsen,ronald H & Nancy H
Quit Claim Deed
related
$375,000 · Republic Bank
Jul 18, 1997
$190,000
Ronald H Larsen
Bender,maxine M
Grant Deed
$167,000 · Seller
—
—
Flora & Flipp On Fleming INC
—
Deed Of Trust
related
$75,000 · Branch Banking & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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