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922 Truman Ave, Key West, FL 33040
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Property summary
AI-generated overview
This 1,320 sq ft mixed-use building in Key West, FL, presents a unique investment opportunity. Situated on a 6,198 sq ft corner lot in Old Town, this Class B property boasts 10 parking spaces and dual entrances, ensuring excellent visibility and accessibility. Built in 1958, the structure is a durable CBS construction, located within the HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med zoning. Currently vacant, this single-unit property offers flexibility for various uses, including creative office, storefront, or traditional office space. The asking price is $1,450,000, translating to $1,098.48 per square foot. The property is in an X flood zone, minimizing flood risk. Five keys are included. This location offers significant potential for investors seeking a prime Old Town Key West property with ample parking and low flood risk. The property's zoning allows for a variety of commercial uses, subject to buyer due diligence. This is a rare opportunity to acquire a well-positioned property in a highly desirable area.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Total area
1,320 SF
Lot
0.14 ac (6,207 SF)
APN
00031080-000000
UPID
US18-8704425
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Adult Dvd Store Adult Entertainment Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.40M
Owner & transaction history
since 2024
Last sale
$1.4M
6 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.40M
Value range
$1.26M – $1.54M
±10% around blend
Estimated value / SF
$1,061 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$1.26M
blend $1.40M
$1.54M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,320 SF
Lot area
0.14 ac
Year built
1958
Stories
1
APN
00031080-000000
Assessed value
$1,533,371
Annual tax
$10,353
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.29M
Range $573k – $1.29M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.40M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 41 sales
$694
+53%
Submarket 41 sales
$694
+53%
County 94 sales
$531
+100%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $1,061/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.40M
Move the market yield to see immediate price impact.
Value / SF
$1,061
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$88k
$1.76M
$1.26M
$980k
$98k
$1.96M
$1.40M
$1.09M
$108k
$2.16M
$1.54M
$1.20M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,353
Tax year 2023
Assessed value
$1,533,371
Assessed 2023
Previous assessed
$1,533,371
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$1,409,921
Assessed improvement
$123,450
Land market value
$1,409,921
Improvement market value
$123,450
Total market value
$1,533,371
Applied tax rate
10.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1958
Heating
FORCED AIR
Stories
1
Total area
1,320 SF
Lot
0.14 ac (6,207 SF)
APN
00031080-000000
UPID
US18-8704425
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1958
Heating
FORCED AIR
Stories
1
Lot
0.14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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