1200+1202 White Street Key West, FL 33040
COMMERCIAL - Key West, FL
Property Features for 1200+1202 White Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HNC(1-3) - Hist Nghborhd
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Assigned, Off Street
- Appliances
- No Appliances
- Standard status
- Active
- APN
- 00033011-000101
- Size
- 2,061 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- See county records 1200+1202 White St
- Tax Annual Amount
- 8983
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Concrete
- Building materials
- CBS, Stucco, Combo Construction
- Roof type
- Other
Listing agent The Spottswood Team (305) 432-4848
Listing office Truman & Co. (KW) 1205 Truman Avenue, Key West, FL (305) 292-2244
Listing date Jul 2, 2026
Copyright © 2026 Key West Association 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.
Investment Insights
Based on property information with market context.
The property is located at 1200+1202 White Street in Key West, Florida, in an X flood zone. Zoning is HNC(1-3) - Hist Nghborhd, and the zoning uses listed include professional offices, retail sales and services, specialty shops, and restaurants. The seller notes that the units can also be purchased separately.
For buyers seeking a mixed-use commercial setup on one level, the configuration supports tenants looking for either office-oriented or storefront-style space under the HNC-1 permitted categories. A tenant is currently in place, and showings should be coordinated so as not to disturb business operations.
Key Highlights
- Two combined 1st‑floor commercial condos on White Street totaling 2,061 SF
- Hurricane‑rated impact windows & doors for added weather protection
- 2 assigned parking spots (1 per unit) plus off‑street parking
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.8k | $30.00 |
| − Vacancy | −$10.0k | −$4.86 |
| EGI | $51.8k | $25.14 |
| − OpEx | −$13.0k | −$6.29 |
| NOI | $38.9k | $18.86 |
