Back to Search

For sale
Office Units
FL
Key West
33040
812 Fleming Street

Key West Office Condo

812 Fleming Street Key West, FL 33040

812 Fleming Street, Key West, FL, 33040

$415,000

For Sale

$415,000

COMMERCIAL - Key West, FL

Property Size665 SF

Price / SF$624.06

AddedApr 25, 2025

Days on Market448

Last RefreshJul 16 at 4:06 am

Property Features for 812 Fleming Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: HRO - Historic Residentia
Bedrooms: 1
Bathrooms: 1
Rooms: Bedroom 1, Bathroom 1
Appliances: No Appliances
Standard status: Active
APN: 00008320-000104
Size: 665 SF

Taxes and HOA fees

Tax Year: 2024
Tax Description: UNIT 2 SEAFOAM CONDOMINIUM A CONDO STORE OR1284-2063/65 OR1514-783/84 OR2348-1699/1700 OR2522-867C
Tax Annual Amount: 2100

Utilities

Cooling system: Central Air

Building Details

Year built: 1933
Floors in Building: 1
Number of units: 1
Flooring type: Wood
Building materials: Frame
Roof type: Other

Listing agent Curtis A Skomp, CCIM License #263500131

Listing office RE/MAX Keys Connection (KW) 517 DUVAL STREET SUITE 200, Summerland Key, FL

Listing date Apr 25, 2025

MLS# 614786

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.

This 665 square foot commercial office condo is located on the ground floor of the Seafoam Condominiums in Old Town, Key West, Florida. It is one of two commercial units in the building. The turnkey office is suitable for professionals seeking to own office space. The location provides convenient access to Old Town. The exterior features large pane windows and handmade mahogany French doors at the sidewalk entrance, as well as an interior side door for private access. The interior has 12-foot ceilings and a layout that includes a front seating area with a receptionist window, an administrator's office, and a private office in the rear. A half bath is ADA compliant. Renovations include Brazilian cherry wood floors, keystone flooring in the bathroom, upgraded electric and lighting, fresh paint, central AC, and a wireless security system. The Seafoam building has a coded entrance, atrium hallways, and a large in-ground concrete pool for condo owners and guests. The Homeowner's Association fee of $1,286 per month includes insurances and reserves, specifically liability, wind, and flood insurance. An additional special assessment of $587 per month covers windstorm insurance. The building is up to date with SIRS and milestone inspections and is located in an X flood zone.

Key Highlights

Turnkey, renovated ground floor commercial condo in Old Town, ideal for professionals.
Prime Old Town location: walkable/bikeable to amenities.
Unique features: Mahogany French doors, 12' ceilings, Brazilian cherry wood floors, and ample natural light.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$20.0k	$30.00
− Vacancy	−$3.2k	−$4.86
EGI	$16.7k	$25.14
− OpEx	−$4.2k	−$6.29
NOI	$12.5k	$18.86

665 SF · lease $30.00/SF/yr · vacancy 16.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$179.1K

$156.7K – $209.0K (±1% cap)

NOI $12,539 @ 7.0% cap · market cap 3.02%

Second Best

—

no second resolved use

Theoretical Best

Office A

$267.5K

$234.1K – $312.1K (±1% cap)

NOI $18,724 @ 7.0% cap · market cap 4.51%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Old Town Oasis ... Spa & Massage Center

Suggested Use

Similar For Sale Nearby

$1,850,000

1,745 SF

Single-Story Office Corner Building

Single-story office building with drive-through parking, central air, and five private offices on a highly visible corner lot.

701 Simonton Street, Key West, FL 33040

View Details
$1,599,000

3,380 SF

Multi-Unit Commercial Condo Building

Three retail and office condo units in an X flood zone, including one vacant space for immediate use or lease.

1200-1206 White Street, Key West, FL 33040

View Details
$2,699,000

2,396 SF

Prime Corner Commercial Property, Key West

Corner property with high visibility, multiple commercial uses allowed.

1000 Truman Avenue, Key West, FL 33040

View Details
$749,000

1,491 SF

New Mixed-Use Development in Key West

Commercial space in new mixed-use development, completion end of 2026.

3201 Flagler Avenue, Key West, FL 33040

View Details
$499,000

648 SF

Leased Office/Retail Condo

Fully leased office/retail condo on Duval Street with recent upgrades including new AC, storefront windows, and impact-rated entrance.

1075 Duval Street, Key West, FL 33040

View Details
$439,000

718 SF

Turnkey Retail Condominium Suite

Turnkey retail condo with updated flooring and paint, plus HOA coverage for building and common area maintenance.

1012 Truman Avenue, Key West, FL 33040

View Details
$599,000

1,169 SF

Updated Corner Commercial Condo

First-floor corner unit with hurricane-rated impact windows and tenant in place, suited for retail or professional services.

1200 White Street, Key West, FL 33040

View Details
$599,000

1,389 SF

End-Unit Commercial Condo

End-unit commercial condo in Old Town with hurricane-rated openings, half bath, and an office space that can be rented separately.

1206 White Street, Key West, FL 33040

View Details
$2,250,000

3,876 SF

Six-Unit Multifamily Property

Six legal apartments total 10 bedrooms and 6 baths with off-street parking and separate electric and water meters.

912 Pohalski Street, Key West, FL 33040

View Details
$2,250,000

3,876 SF

Six-Unit Multifamily Building

Six legal apartments feature separate electric and water meters, with off-street parking for residents.

912 Pohalski Street, Key West, FL 33040

View Details
$1,250,000

Adjoining Office Condominiums with Patio

Two adjoining office condo units are offered together, including a leased suite with private offices and patio.

1421 First Street, Key West, FL 33040

View Details
$1,700,000

3,000 SF

Value-Add Fourplex Investment Opportunity

Fourplex with income potential after renovations in Key West, FL.

1224 2nd Street, Key West, FL 33040

View Details

For sale
Office Units
FL
Key West
33040
812 Fleming Street

What type of property is this?

Office units - Turnkey 665 SF office condo in Old Town.

Where is this office units located?

The property is located at 812 Fleming Street Key West, FL.

What is the asking price?

The asking price for this property is $415,000.

What are key features of this property?

This property features: Turnkey, renovated ground floor commercial condo in Old Town, ideal for professionals.; Prime Old Town location: walkable/bikeable to amenities.; Unique features: Mahogany French doors, 12' ceilings, Brazilian cherry wood floors, and ample natural light.

812 Fleming Street Key West, FL 33040

COMMERCIAL - Key West, FL

Property Features for 812 Fleming Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Single-Story Office Corner Building

Multi-Unit Commercial Condo Building

Prime Corner Commercial Property, Key West

New Mixed-Use Development in Key West

Leased Office/Retail Condo

Turnkey Retail Condominium Suite

Updated Corner Commercial Condo

End-Unit Commercial Condo

Six-Unit Multifamily Property

Six-Unit Multifamily Building

Adjoining Office Condominiums with Patio

Value-Add Fourplex Investment Opportunity

FAQs