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Property profile & analytics
OFF-MARKET
Estimated value
$4,975,000
Hotels
97450 Overseas Hwy Key Largo, FL 33037-2209
Trust Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-9851415
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2016
Total area
57,786 SF
Lot
13.79 ac (600,531 SF)
APN
00555010-000000
UPID
US18-9851415
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
Current use
Occupant on record · Public records
-
Sol by the Sea Restaurant
-
Las Olas Restaurant
-
Caribbean Watersports (Bike/Boat/Book/etc) Store
-
Playa Watersports (Bike/Boat/Book/etc) Store
-
97450 Overseas Highway Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.98M
Owner & transaction history
Key Largo Hospitality Land Trust · 8 yrs held
Key Largo Hospitality Land Trust
since 2018
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 Key Largo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Key Largo 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,295,000
6.5%
$3,040,000
7%
$2,825,000
Blend value · Realmo final
$4.98M
Range $4.48M – $5.47M · ±10%
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
$86 / 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
$779,509
Tax year 2023
Assessed value
$121,860,212
Assessed 2023
Previous assessed
$115,719,411
+5.3% YoY
Effective rate
0.64%
On assessed value
Assessed land
$73,116,127
Assessed improvement
$48,744,085
Land market value
$73,116,127
Improvement market value
$48,744,085
Total market value
$121,860,212
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
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2016
Heating
NONE
Buildings
10
Stories
3
Units
17
Bathrooms
1
Total area
57,786 SF
Lot
13.79 ac (600,531 SF)
APN
00555010-000000
UPID
US18-9851415
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
2016
Heating
NONE
Stories
3
Buildings
10
Units
17
Bathrooms
1
Lot
13.79 ac
Current owner
From public records · entity-resolved
Key Largo Hospitality Land Trust
Trust
Mailing address
4651 SHERIDAN ST STE #480, HOLLYWOOD, FL 33021-3430
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2018
—
Key Largo Hospitality Land Trust
Key Largo Hospitality Trust
Quit Claim Deed
related
$90,000,000 · Starwood Mtg Cap
Mar 28, 2014
—
Steven B Greenfield
—
Grant Deed
related
$31,710,000 · Bank United
Dec 17, 2012
$7,300,000
Key Largo Hospitality Land Trust
Walnut & Vine Properties I LLC
Grant Deed
$7,300,000 · Key Largo Hospitality Group Ll
Oct 4, 2010
$100
Walnut & Vine Properties I LLC
Mandalay Resort LLC Coc
Trustees Deed
related
—
Sep 27, 2010
—
Fifth Third Bk
Mandalay Resort LLC Coc
Trustees Deed
related
—
Sep 16, 2010
$100
Fifth Third Bk
Mandalay Resort LLC Coc
Trustees Deed
related
—
Jun 21, 2007
—
Mandalay Resort LLC
—
Trustees Deed
related
$2,200,000 · Bay Financial Savings Bank
Jun 20, 2005
$28,000,000
Mandalay Resort LLC
America Outdoors Key Largo INC
Special Warranty Deed
$19,000,000 · Wachovia Bank NA
—
—
Mandalay Resort LLC
—
Deed Of Trust
related
$17,080,989 · Fifth Third Bank
—
—
Mandalay Resort LLC
—
Deed Of Trust
related
$4,000,000 · Fifth Third Bank
—
—
Mandalay Resort LLC
—
Deed Of Trust
related
$4,000,000 · Fifth Third Bank
—
—
Mandalay Resort LLC
—
Deed Of Trust
related
$4,000,000 · Wachovia Bank NA
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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