1206 White Street Key West, FL 33040
COMMERCIAL - Key West, FL
Property Features for 1206 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
- 00033011-000104
- Size
- 1,389 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- UNIT 1206 / 1200-1212 WHITE STREET CONDOMINIUM OR3318-133DEC
- Tax Annual Amount
- 6942
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1989
- Floors in Building
- 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.
Set in Old Town, the location is supported by its historic neighborhood zoning designation, HNC(1-3) - Hist Nghborhd. The listing also notes a monthly condo fee of $729.45 that includes windstorm and liability insurance.
Designed for an owner-operator or a buyer seeking a controlled, condominium-style commercial setup, the layout supports both a primary work area and an additional back-office component. The hurricane-rated exterior openings can be an important consideration for day-to-day operations. With one assigned parking space and a structure that allows the rear office to be considered as a separate rental possibility, this unit may fit professional users who want on-site space plus optional secondary income.
Key Highlights
- Commercial condo with over 1,300 SF, end unit, centrally located in Old Town
- Office space in back can be rented separately for additional income
- Half bath plus bathroom 1; central air cooling
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 | $41.7k | $30.00 |
| − Vacancy | −$6.8k | −$4.86 |
| EGI | $34.9k | $25.14 |
| − OpEx | −$8.7k | −$6.29 |
| NOI | $26.2k | $18.86 |
