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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Office buildings
89111 Overseas Hwy, Tavernier, FL 33070-2030
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4598132
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Total area
2,191 SF
Lot
0.41 ac (18,000 SF)
APN
00419295-001300
UPID
US18-4598132
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
$765k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$699k
Blend (final)
Blend
$810k
Owner & transaction history
Coral Restoration Foundation INC · 4 yrs held
Coral Restoration Foundation INC
since 2021
Last sale
$899,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+21.8%
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 Tavernier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tavernier 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
$920,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$955,000
Current use
RETAIL STORES
$1,165,000
Change: +22% · Conversion: Moderate
COMMERCIAL (GENERAL)
$880,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $899k (Sep 28 2021)
Last sale anchor
$899k
Sep 28 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
$370 / 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
$548
Tax year 2023
Assessed value
$1,119,662
Assessed 2023
Previous assessed
$723,395
+54.8% YoY
Effective rate
0.05%
On assessed value
Assessed land
$862,785
Assessed improvement
$256,877
Land market value
$862,785
Improvement market value
$256,877
Total market value
$1,119,662
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
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
Stories
1
Total area
2,191 SF
Lot
0.41 ac (18,000 SF)
APN
00419295-001300
UPID
US18-4598132
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 Current
Est. value
$955,000
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$880,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (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
1948
Heating
FORCED AIR
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Coral Restoration Foundation INC
Entity
Mailing address
89111 OVERSEAS HWY, TAVERNIER, FL 33070-2030
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2021
$899,000
Coral Restoration Foundation INC
Gulfbreeze Ventures INC
Warranty Deed
$674,250 · South State Bank NA
Dec 12, 2017
—
Gulfbreeze Ventures INC
—
Deed
related
$430,000 · Lisa & Co
Sep 10, 2010
$505,000
Gulfbreeze Ventures INC
Cape Canaveral Commercial Corp
Warranty Deed
$430,000 · Cape Canaveral Commercial Corp
May 27, 1998
$128,900
Christopher J Schrader
Lindback,carl E & Cheryl A
Grant Deed
—
—
—
Gulfbreeze Ventures INC
—
Loan Modification
related
$430,000 · Lisa & Co
—
—
Gulfbreeze Ventures INC
—
Loan Modification
related
$430,000 · Lisa & 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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