1202 White Street Key West, FL 33040
COMMERCIAL - Key West, FL
Property Features for 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
- Off Street, Assigned
- Appliances
- No Appliances
- Standard status
- Active
- APN
- 00033011-000102
- Size
- 892 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- UNIT 1202 / 1200-1212 WHITE STREET CONDOMINIUM OR3318-133DEC
- Tax Annual Amount
- 4061
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- CBS, 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 situated at 1202 White Street in Key West, centrally positioned in Old Town. Zoning is HNC(1-3) - Hist Nghborhd. The seller indicates HNC-1 uses include professional offices, retail sales and services, specialty shops, and restaurants.
A tenant is currently in place, and the seller requests that prospective buyers not disturb the existing business. For buyers or operators seeking a hurricane-rated commercial unit with assigned parking and insurance covered through the condo fee, this condo provides a defined footprint within the HNC-1 use framework. The listing also notes that two other commercial condos are available alongside this unit, if an expansion of space is being considered.
Key Highlights
- 892 SF commercial condo available in Old Town
- Hurricane‑rated windows and doors
- Central A/C
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 | $26.8k | $30.00 |
| − Vacancy | −$4.3k | −$4.86 |
| EGI | $22.4k | $25.14 |
| − OpEx | −$5.6k | −$6.29 |
| NOI | $16.8k | $18.86 |
