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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Office buildings
82681 Overseas Hwy, Islamorada, FL 33036-3626
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4347351
Property summary
AI-generated overview
This exceptional commercial property presents a rare opportunity in the vibrant heart of Islamorada, Florida. Situated at 82681 Overseas Highway, 33036, this single-tenant warehouse boasts 8,750 square feet of versatile space, ideal for a variety of retail or industrial uses. The property sits on a substantial 22.775 acres of land, providing ample room for expansion or future development. Enjoy excellent visibility from the heavily trafficked Route 1/Overseas Highway, ensuring high foot and vehicle traffic. The ground floor unit is zoned Village Center (VC), offering flexibility for various business ventures. The space is currently configured for a minimum of 1,000 square feet, with expansion potential up to 2,000 square feet to accommodate growing business needs. The annual lease rate is $25 per square foot, plus net, net, net (NNN) charges and applicable sales tax. This prime location and flexible space make this an unparalleled investment opportunity in the thriving Islamorada market. Don't miss the chance to secure this exceptional property.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Total area
8,750 SF
Lot
0.52 ac (22,775 SF)
APN
00401570-000000
UPID
US18-4347351
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
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$962k
Blend (final)
Blend
$950k
Owner & transaction history
Security Storage 2 LLC · 5 yrs held
Security Storage 2 LLC
since 2021
Last sale
$941,000
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 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
$960,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $941k (May 13 2021)
Last sale anchor
$941k
May 13 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
$109 / 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
$11,387
Tax year 2023
Assessed value
$1,293,138
Assessed 2023
Previous assessed
$1,293,138
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$694,694
Assessed improvement
$598,444
Land market value
$694,694
Improvement market value
$598,444
Total market value
$1,293,138
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1948
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
8,750 SF
Lot
0.52 ac (22,775 SF)
APN
00401570-000000
UPID
US18-4347351
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
1948
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Security Storage 2 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
102411 OVERSEAS HWY, KEY LARGO, FL 33037-4613
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2021
$941,000
Security Storage 2 LLC
Byramana Investments INC
Warranty Deed
—
Oct 8, 2004
$3,240,000
Byramana Investments INC
Sabal Palm Mgmt & Inv Corp
Grant Deed
$1,525,000 · Orion Bank
Dec 1, 1986
$880,000
Palm Mgnt Sabal
Fouts,thomas S
Warranty Deed
related
$440,000
—
—
Byramana Investments INC
—
Deed Of Trust
related
$1,306,915 · Iberiabank
—
—
Byramana Investments INC
—
Deed Of Trust
related
$999,990 · Bac Fl Bk
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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