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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Industrial properties
821 Duval St 1 Key West, FL 33040-7684
Entity Owned
5-yr Hold
Property ID
US18-4756229
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1923
Total area
2,234 SF
Lot
0.19 ac (8,148 SF)
APN
00016820-000000
UPID
US18-4756229
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
-
Little Room Jazz Club Bar & Pub
-
Wood Works On Duvall LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.38M
Owner & transaction history
821 Duval Street LLC · 5 yrs held
821 Duval Street LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+42.3%
Office building
$1.1M
+3.6%
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
$1,365,000
ML approach
$1,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,090,000
Current use
RETAIL STORES
$1,550,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$1,130,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.40M (Jan 4 2021)
Last sale anchor
$1.40M
Jan 4 2021
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
$615 / 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
$19,015
Tax year 2023
Assessed value
$2,851,060
Assessed 2023
Previous assessed
$2,851,128
0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$2,472,333
Assessed improvement
$378,727
Land market value
$2,472,333
Improvement market value
$378,727
Total market value
$2,851,060
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
1923
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Units
1
Bathrooms
3
Total area
2,234 SF
Lot
0.19 ac (8,148 SF)
APN
00016820-000000
UPID
US18-4756229
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1923
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
1
Bathrooms
3
Lot
0.19 ac
Current owner
From public records · entity-resolved
821 Duval Street LLC
Entity
Mailing address
509 WHITEHEAD ST, KEY WEST, FL 33040-6503
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
$1,400,000
821 Duval Street LLC
Suba 821 LLC
Warranty Deed
$1,260,000 · Suba 821 LLC
Jan 4, 2021
—
Suba 821 LLC
Dion Rental Properties LLC
Correction Deed
related
—
Jan 24, 2019
—
Little Room Jazz Club LLC
—
Deed
related
$1,000,000 · Rossi Family Lllp
Apr 3, 2017
—
Suba 821 LLC
Dion Rental Properties LLC
Warranty Deed
—
Jun 24, 2010
—
Dion Rental Properties LLC
Dion,lawrence R
Quit Claim Deed
related
—
Jul 29, 2003
—
Dion Commercial Properties LLC
Dion,lawrence R & Florence L
Quit Claim Deed
related
—
Mar 13, 2001
—
Lawrence R Dion
—
Deed Of Trust
related
$1,000,000 · First State Bank Florida Keys
—
—
Little Room Jazz Club LLC
—
Deed Of Trust
related
$1,000,000 · Rossi Family Lllp
—
—
Lawrence R Dion
—
Deed Of Trust
related
$500,000 · First State Bank Florida Keys
—
—
Lawrence R Dion
—
Deed Of Trust
related
$3,500,000 · First State Bank Florida Keys
—
—
Lawrence R Dion
—
Deed Of Trust
related
$500,000 · First State Bank Florida 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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