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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Warehouses
Summerland Key, FL 33042
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6730249
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1943
Lot
1.01 ac (44,186 SF)
APN
00194700-000000
UPID
US18-6730249
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
$2.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
Mrs Billys Stone Crab Hollywood Inv · 5 yrs held
Mrs Billys Stone Crab Hollywood Inv
since 2021
Last sale
$2.0M
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 Summerland Key submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Summerland Key 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
$2,005,000
ML approach
$2,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $1.96M (Jun 4 2021)
Last sale anchor
$1.96M
Jun 4 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
—
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
$14,932
Tax year 2023
Assessed value
$1,856,474
Assessed 2023
Previous assessed
$1,561,010
+18.9% YoY
Effective rate
0.80%
On assessed value
Assessed land
$1,772,789
Assessed improvement
$83,685
Land market value
$1,772,789
Improvement market value
$83,685
Total market value
$1,856,474
Applied tax rate
120.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1943
Heating
NONE
Lot
1.01 ac (44,186 SF)
APN
00194700-000000
UPID
US18-6730249
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
1943
Heating
NONE
Lot
1.01 ac
Current owner
From public records · entity-resolved
Mrs Billys Stone Crab Hollywood Inv
Individual
Free & Clear · 5 yrs held
Mailing address
1151 SW 156TH AVE, PEMBROKE PINES, FL 33027-2234
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2021
—
Mrs Billys Stone Crab Hollywood Inv
Elena Hershey
Quit Claim Deed
related
—
Oct 17, 2016
$1,960,000
William Hershey
Wharf Marina INC
Warranty Deed
$1,000,000
Nov 3, 2014
$1,250,000
Wharf Marina INC
Reger,melodye
Grant Deed
$1,200,000 · First St Bk/fl Keys
Nov 22, 2010
—
Melodye Reger
—
Trustees Deed
related
$150,000 · First State Bank Florida Keys
Oct 7, 2008
$100
First State Bank Of Florida Keys
Summerland Seafood INC Coc
Trustees Deed
related
—
Sep 26, 2008
$100
First State Bank Of Florida Keys
Summerland Seafood INC Coc
Trustees Deed
related
—
Oct 1, 1986
$365,000
Summerland Seafood
Latta,ronald R
Warranty Deed
related
$213,373
—
—
Reger,melodye J
—
Loan Modification
related
$1,817,312 · First St Bk/fl 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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