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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Turn key restaurants
88000 Overseas Hwy Islamorada, FL 33036-3049
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4748448
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2021
Total area
6,481 SF
Lot
2.49 ac (108,400 SF)
APN
00414640-000000
UPID
US18-4748448
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
$835k
Owner & transaction history
Mm88 LLC · 7 yrs held
Mm88 LLC
since 2019
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$129 / 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
$35,110
Tax year 2023
Assessed value
$4,985,945
Assessed 2023
Previous assessed
$3,024,267
+64.9% YoY
Effective rate
0.70%
On assessed value
Assessed land
$4,345,151
Assessed improvement
$640,794
Land market value
$4,345,151
Improvement market value
$640,794
Total market value
$4,985,945
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2021
Heating
NONE
Cooling
WALL UNIT
Stories
1
Total area
6,481 SF
Lot
2.49 ac (108,400 SF)
APN
00414640-000000
UPID
US18-4748448
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
2021
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.49 ac
Current owner
From public records · entity-resolved
Mm88 LLC
Entity
Mailing address
121 KERCHEVAL AVE, GROSSE POINTE FARMS, MI 48236-3618
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2019
$100
Mm88 LLC
Andros West INC
Quit Claim Deed
related
—
Feb 7, 2017
—
Mm88 LLC
—
Loan Modification
related
$3,329,018 · Centennial Bk
Dec 26, 2007
—
Mm88 LLC
Marker 88 Restaurant
Grant Deed
related
—
Feb 25, 2003
$1,250,000
Mm 88 LLC
Andros West INC
Grant Deed
$650,000 · Andros West INC
—
—
Mm88 LLC
—
Deed Of Trust
related
$200,000 · Tib Independent Bankers Bank
—
—
Mm88 LLC
—
Deed Of Trust
related
$200,000 · Tib Independent Bankers Bank
—
—
Mm88 LLC
—
Deed Of Trust
related
$200,000 · Tib Independent Bankers Bank
—
—
Mm88 LLC
—
Deed Of Trust
related
$333,884 · Tib Independent Bankers 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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