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Property profile & analytics
OFF-MARKET
Estimated value
$5,315,000
Hotels
97802 Overseas Hwy Key Largo, FL 33037-2229
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-0561004
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1956
Total area
3,808 SF
Lot
2.23 ac (96,923 SF)
APN
00091060-000000
UPID
US18-0561004
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
-
Kona Kai Resort, Gallery and Botanic Gardens Hotel Botanical Garden
-
The Botanic Gardens at Kona Kai Resort Botanical Garden Tourist Attraction
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.81M
Blend (final)
Blend
$5.32M
Owner & transaction history
1031 Vest LLC · 3 yrs held
1031 Vest LLC
since 2022
Last sale
$5.5M
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
$5,090,000
ML approach
$5,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.32M
Range $4.78M – $5.85M · ±10% · vs last sale $5.53M (Jun 8 2022)
Last sale anchor
$5.53M
Jun 8 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
$1,396 / 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
$34,653
Tax year 2023
Assessed value
$4,112,027
Assessed 2023
Previous assessed
$7,021,973
-41.4% YoY
Effective rate
0.84%
On assessed value
Assessed land
$2,467,216
Assessed improvement
$1,644,811
Land market value
$2,467,216
Improvement market value
$1,644,811
Total market value
$4,112,027
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
1956
Heating
FORCED AIR
Buildings
4
Stories
1
Total area
3,808 SF
Lot
2.23 ac (96,923 SF)
APN
00091060-000000
UPID
US18-0561004
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
1956
Heating
FORCED AIR
Stories
1
Buildings
4
Lot
2.23 ac
Current owner
From public records · entity-resolved
1031 Vest LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1000 S OCEAN BLVD APT #507, BOCA RATON, FL 33432-7733
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2022
—
1031 Vest LLC
Kona Kai Key Largo LLC
Re-recorded Document
related
—
Jun 8, 2022
$5,532,000
Zortam LLC
Kona Ka Key Largo LLC
Warranty Deed
—
Jan 24, 2022
$4,800,000
Kona Kai Key Largo LLC
Asaska Investments LLC
Warranty Deed
—
Jul 28, 2015
$2,350,000
Kona Kai Resort Mgmt Group LLC
Resort Property Mgmt Of Keys INC
Warranty Deed
—
Mar 26, 1991
$587,500
Resort Prop Manageme
Luikov,prop Ltd
Warranty Deed
related
—
Jun 1, 1983
$390,000
Robert Luikart
Key,largo Assoc
Warranty Deed
related
$290,000
—
—
Resort Property Mgmt Of Keys INC
—
Deed Of Trust
related
$542,361 · First State Bank Florida Keys
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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