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Property profile & analytics
OFF-MARKET
Estimated value
$2,055,000
Retail properties & Spaces
82790 Overseas Hwy Islamorada, FL 33036-3601
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2529678
Property summary
AI-generated overview
This exceptional commercial property, located at 82790 Overseas Hwy, Islamorada, FL 33036, presents a unique investment opportunity. The single-story building boasts 8,526 square feet of net leasable retail space situated on a substantial 1.14-acre lot (50,007 sq ft). Constructed in 1960, the property benefits from a highly visible 200-foot frontage on US Highway 1, ensuring excellent exposure to traffic flowing in both north and southbound directions. Large signage opportunities further enhance visibility and brand recognition. The property is zoned VC (Village Center), allowing for a variety of commercial uses, including low and medium-intensity office space, retail establishments, and service businesses. Ample parking is available on-site, catering to both customers and employees. This prime location in the heart of Islamorada offers significant potential for a wide range of commercial ventures. The property is a Net, Net, Net (NNN) lease.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE (MULTI-STORY)
Year built
1960
Total area
8,526 SF
Lot
1.15 ac (50,000 SF)
APN
00402130-000000
UPID
US18-2529678
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
$2.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
Mm82 790 LLC · 5 yrs held
Mm82 790 LLC
since 2021
Last sale
$2.1M
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
$2,095,000
ML approach
$2,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,745,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,590,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,425,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,405,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±10% · vs last sale $2.05M (Jul 20 2021)
Last sale anchor
$2.05M
Jul 20 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
$241 / 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
$15,505
Tax year 2023
Assessed value
$1,659,433
Assessed 2023
Previous assessed
$1,659,573
0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$997,500
Assessed improvement
$661,933
Land market value
$997,500
Improvement market value
$661,933
Total market value
$1,659,433
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
Retail properties & Spaces
Use group
DEPARTMENT STORE (MULTI-STORY)
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
8,526 SF
Lot
1.15 ac (50,000 SF)
APN
00402130-000000
UPID
US18-2529678
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
OFFICE BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Mm82 790 LLC
Entity
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2021
$2,050,000
Mm82 790 LLC
Islamorada 2790 LLC
Special Warranty Deed
$1,000,000 · Popular Bank
Jan 28, 2020
—
Islamorada 2790 LLC
—
Deed
related
$936,447 · Marquis Bk
Jun 18, 2012
$1,700,000
Islamorada 2790 LLC
Oesterle Construction Corp
Warranty Deed
$1,125,000 · Marquis Bank
—
—
Oesterle Const Corp
—
Deed Of Trust
related
$60,000 · Individual
—
—
Islamorada 2790 LLC
—
Deed Of Trust
related
$936,447 · Marquis Bk
—
—
Islamorada 2790 LLC
—
Loan Modification
related
$936,447 · Marquis Bk
—
—
Oesterle Construction Corp
—
Deed Of Trust
related
$550,000 · Gertrude P Evans
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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