Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office buildings
93997 Overseas Hwy Tavernier, FL 33070-3016
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-9746217
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
1,144 SF
Lot
0.14 ac (6,000 SF)
APN
00480380-000000
UPID
US18-9746217
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
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$643k
Blend (final)
Blend
$630k
Owner & transaction history
Jadd Investments 3 LLC · 4 yrs held
Jadd Investments 3 LLC
since 2022
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$610,000
+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
$620,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$500,000
Current use
RETAIL STORES
$610,000
Change: +22% · Conversion: Moderate
COMMERCIAL (GENERAL)
$460,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $675k (Jun 16 2022)
Last sale anchor
$675k
Jun 16 2022
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
$551 / 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
$5,027
Tax year 2023
Assessed value
$557,069
Assessed 2023
Previous assessed
$436,019
+27.8% YoY
Effective rate
0.90%
On assessed value
Assessed land
$426,938
Assessed improvement
$130,131
Land market value
$426,938
Improvement market value
$130,131
Total market value
$557,069
Applied tax rate
500.0000
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
1985
Heating
FORCED AIR
Stories
1
Total area
1,144 SF
Lot
0.14 ac (6,000 SF)
APN
00480380-000000
UPID
US18-9746217
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
$500,000
RETAIL STORES
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$460,000
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
1985
Heating
FORCED AIR
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Jadd Investments 3 LLC
Entity
Mailing address
1262 ANDALUSIA AVE, CORAL GABLES, FL 33134-5511
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
$675,000
Jadd Investments 3 LLC
Park Place 93997 LLC
Warranty Deed
—
Jul 2, 2021
$540,000
Park Place 93997 LLC
Ronan M Basler
Warranty Deed
—
Apr 18, 2016
$370,000
Ronan M Basler
Fifty-fifty Jv LLC
Warranty Deed
—
Sep 18, 2015
$315,000
Fifty-fifty Jv LLC
Alaska Finl Co III LLC
Warranty Deed
—
Dec 16, 2013
$278,000
Alaska Finl Co III LLC
Endeavor Miami Holdings LLC
Warranty Deed
—
Feb 26, 2008
$390,000
Endeavor Miami Holdings LLC
Relief Veterinary Services Pa
Warranty Deed
$249,000 · Marine Bank
Nov 3, 1999
$143,000
Relief Veterinary Services Pa
Snowman,fred & Frances
Grant Deed
$143,000 · Professional Leasing Services
—
—
Relief Veterinary Services Pa
—
Deed Of Trust
related
$30,000 · Bankers Mortgage Corp
—
—
Relief Veterinary Services Pa
—
Deed Of Trust
related
$200,000 · Bankers Mortgage Corp
—
—
Relief Veterinary Services Pa
—
Deed Of Trust
related
$50,000 · Bankers Mortgage Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 93997 Overseas Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
