1200-1206 White Street Key West, FL 33040
COMMERCIAL - Key West, FL
Property Features for 1200-1206 White Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HNC(1-3) - Hist Nghborhd
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Parking features
- Off Street, Assigned
- Appliances
- No Appliances
- Standard status
- Active
- APN
- 00033011-000101
- Size
- 3,380 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- See MCPA
- Tax Annual Amount
- 20169
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Wood, Concrete, Tile
- 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 in Key West, Florida, and is identified under zoning HNC(1-3) - Hist Nghborhd. The seller notes the project is in an X flood zone.
From a tenant and buyer perspective, this is a straightforward opportunity to secure commercial space that can be used for office, retail, or restaurant-related concepts, depending on the allowable uses under HNC(1-3). With one unit available immediately and other spaces already under tenancy, the structure can work for owner-operators seeking on-site control or investors looking to acquire multiple occupied commercial condos in the same building. (1204 White St. is not included, as it is already sold.)
Key Highlights
- Newly formed condo building with 3 commercial condos on White Street
- 1206 White St. is currently vacant and ready for immediate owner‑operator occupancy or lease
- Well‑established tenants in 1200 and 1202 White St. (do not disturb)
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 | $101.4k | $30.00 |
| − Vacancy | −$16.4k | −$4.86 |
| EGI | $85.0k | $25.14 |
| − OpEx | −$21.2k | −$6.29 |
| NOI | $63.7k | $18.86 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Milan Event — 909 Fleming St, Key West, FL 33040
- Karro Events and Floral — 818 White St, Key West, FL 33040
- Duarte Floral Design — 1203 Virginia St, Key West, FL 33040
