Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    101201 Overseas Hwy Key Largo, FL 33037

    Sponsored
    For Sale
    $1,295,000

    Auto Care,Retail,Professional Service,Auto Sales,Boat Sales/Service,Boat Care

    Days on Market:
    61
    Last Refresh:
    Feb 2 at 1:06 pm

    Property Features for 101201 Overseas Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    HC - Highway Commercial
    APN
    00508080-000000

    Building Details

    Building materials
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Shane Wilson
    Shane Wilson

    Cypress Realty, Inc. (239) 851-3861

    Listing agent Shane Murray Wilson (239) 275-3321 License #585039

    Listing date Dec 4, 2025

    MLS# 616397 Listing URL

    Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Building Lot Opportunity

    This commercial building lot presents an opportunity for various business ventures. The property has an approved site plan for a 2,500 sq. ft. commercial building. The zoning is Suburban Commercial and the F.L.U.M. is Mixed Use/Commercial, allowing for a wide range of business operations subject to Monroe County approval. The seller is actively pursuing engineering and building permits with Monroe County to expedite the construction process. This location is suitable for establishing a new business or expanding an existing one, serving customers from Key Largo to Key West. The property is located across the street from Friendship Park and next to Tradewinds Shopping Center. Potential uses include auto care, retail, professional services, auto sales, boat sales/service, and boat care.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.424239
    Latitude
    25.110836

    Nearby Similar for Sale

    • $2,600,000
      2,485 SF

      Canal Front Duplex with Ocean Views

      Legal duplex with ocean views, waterfront access, and rental potential.
      139 Marina Ave, Key Largo, FL 33037
      View Details
    • $1,790,000

      Key Largo Mixed-Use Property

      High-visibility mixed-use property with commercial storefront and residential apartment.
      100636 Overseas Hwy, Key Largo, FL 33037
      View Details
    • $4,900,000

      Iconic Waterfront Restaurant and Bar

      Legendary waterfront restaurant/bar with long-term lease in Key Largo, FL.
      58000 Card Sound Rd, Key Largo, FL 33037
      View Details
    • New
      $750,000
      2,197 SF

      Key Largo Multifamily Investment Opportunity

      Multifamily property with vacant lot near Tavernier park.
      185 Dove Lk Dr, Key Largo, FL 33070
      View Details
    • New
      $14,900,000
      23,092 SF

      Turnkey Inn & Hospitality Investment

      Income-producing inn with development potential in prime Key Largo location.
      99202 Overseas Hwy, Key Largo, FL 33037
      View Details
    • $2,395,000
      1,716 SF

      Oceanfront Duplex with Rental Potential

      Oceanfront duplex with deepwater dockage and nightly rental approval.
      127 Seaside Ave, Key Largo, FL 33037
      View Details
    • Contact for pricing

      Key Largo Commercial Space Available

      5,457 sqft commercial space in Key Largo for lease.
      99451 Overseas Hwy, Key Largo, FL 33037
      View Details
    • $5,400,000

      Key Largo Oceanside Commercial Building

      Commercial building with deep water dockage and direct ocean access.
      522 Caribbean Dr, Key Largo, FL 33037
      View Details
    • $13,775,000

      Key Largo Boutique Hotel For Sale

      21-room boutique hotel on nearly 3 acres in Key Largo.
      000 Overseas Hwy, Key Largo, FL 33037
      View Details
    • $2,995,000

      Key Largo Commercial Real Estate Opportunity

      Commercial property with dual exposure in Key Largo, Florida.
      98250 Overseas Hwy, Key Largo, FL 33037
      View Details
    • $2,995,000

      Mixed-Use Commercial Building For Sale

      Mixed-use commercial building with US 1 visibility in Tavernier.
      92295 Old State Rd, Key Largo, FL 33070
      View Details
    • New
      $819,000
      1,496 SF

      Updated Duplex Near Harry Harris Park

      Legal duplex near oceanfront park, updated interiors, strong rental income.
      102 Harry Harris Dr, Key Largo, FL 33070
      View Details

    FAQs

    What type of property is this?
    Retail property - Approved site plan for a 2,500 sq. ft. commercial building.
    Where is this retail property located?
    The property is located at 101201 Overseas Hwy Key Largo, FL.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Approved site plan for a 2,500 sq. ft. commercial building already in place.; - Zoning is Suburban Commercial, allowing for multiple business uses.; - Seller is actively pursuing building permits to expedite construction.
    (239) 851-3861
    Request Owner's contact information
    101201 Overseas Hwy Key Largo, FL 33037
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101201 Overseas Hwy
    Key Largo, FL 33037
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101201 Overseas Hwy Key Largo, FL 33037
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shane Wilson
    Shane Wilson
    Real Estate License ID: 258000755
    (239) 851-3861
    Learn more
    Google sign-in failed. Please try again or use another login method.