1200 White Street Key West, FL 33040
COMMERCIAL - Key West, FL
Property Features for 1200 White Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HNC(1-3) - Hist Nghborhd
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Off Street, Assigned
- Appliances
- No Appliances
- Standard status
- Active
- APN
- 00033011-000101
- Size
- 1,169 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- UNIT 1200 / 1200-1212 WHITE STREET CONDOMINIUM OR3318-133DEC
- Tax Annual Amount
- 4923
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Flooring type
- 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 1, 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 on White Street in Key West in an X Flood Zone. It is zoned HNC(1-3) - Hist Neighborhood, which allows uses including professional offices, retail sales and services, specialty shops, and restaurants.
With its updated first-floor corner layout and hurricane-rated protection, this condo may fit tenants seeking a storefront-style presence or a professional office setting within the allowed HNC(1-3) use parameters. The presence of an in-place tenant may also appeal to buyers looking for an existing occupancy arrangement, subject to the lease and local requirements.
Key Highlights
- 1,169 SF 1st‑floor corner unit in newly formed commercial condo on White Street
- Extensively updated with hurricane‑rated impact windows and doors
- Central air cooling; concrete and tile flooring
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 | $35.1k | $30.00 |
| − Vacancy | −$5.7k | −$4.86 |
| EGI | $29.4k | $25.14 |
| − OpEx | −$7.3k | −$6.29 |
| NOI | $22.0k | $18.86 |
