Two-Story Highway Commercial Office
88101 Old Highway Plantation Key, FL 33036
88101 Old Highway, Plantation Key, FL, 33036
$999,999
For Sale
$999,999
COMMERCIAL - Plantation Key, FL
Property Size2,244 SF
Lot Size0.14 Acres
Price / SF$445.63
Days on Market310
Property Features for 88101 Old Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HC - Highway Commercial
- Bathrooms
- 1
- Rooms
- Bathroom 2, Bathroom 1
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 00412770-000000
- Size
- 2,244 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BK 1 LT 12 PLANTATION BEACH PB2-76 PLANTATION KEY OR615-184 OR615-683 OR833-1242 OR836-383 OR1073-1949 OR1126-1986 OR143
- Tax Annual Amount
- 6826
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1991
- Floors in Building
- 2
- Flooring type
- Tile, Carpet, Wood
- Roof type
- Metal
Listing agency
RE/MAX All Keys Real Estate
(305) 451-0060
Listed by
Gregory Dully · License #3420625
(305) 900-4232
Added: Sep 17, 2025 Updated: Jun 20 at 1:34PM Checked: Jul 23 at 7:06AM
MLS# 616512
Copyright © 2026 Florida Keys Board 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 two-story, Key West/Conch-inspired office building is positioned for a highway commercial use under HC - Highway Commercial zoning. The interior includes a bright reception area and a functional office layout with a total of seven private offices, two conference rooms, and locked storage. On the second floor, there are five one-room offices served by a shared kitchenette and a half bath. The ground level includes an owner’s suite with a private office, a small meeting room, and a larger executive-style conference room, along with its own kitchenette and half bath. An additional office and locked storage room are accessed via another set of stairs.
The property offers 50 feet of frontage along the Overseas Highway, supporting visibility and signage opportunities. Parking includes four spaces in front of the building (now landscaped per survey) and nine additional spaces in the rear with direct access from Old Highway.
Designed for operators who want a dedicated office and meeting space while also working with existing or future tenants, the configuration supports both owner-occupied and multi-tenant use. The layout of private offices, shared common amenities on the second floor, and conference spaces on the ground level can fit professional services requiring manageable suites and meeting areas in a central Upper Keys setting.
The property offers 50 feet of frontage along the Overseas Highway, supporting visibility and signage opportunities. Parking includes four spaces in front of the building (now landscaped per survey) and nine additional spaces in the rear with direct access from Old Highway.
Designed for operators who want a dedicated office and meeting space while also working with existing or future tenants, the configuration supports both owner-occupied and multi-tenant use. The layout of private offices, shared common amenities on the second floor, and conference spaces on the ground level can fit professional services requiring manageable suites and meeting areas in a central Upper Keys setting.
Key Highlights
- Mixed‑use highway commercial zoning in Islamorada allows for flexible usage and income potential.
- Two‑story building offers both owner‑occupied office space and rental income opportunities.
- High visibility with 50 feet of frontage on the Overseas Highway.
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 | $67.3k | $30.00 |
| − Vacancy | −$10.9k | −$4.86 |
| EGI | $56.4k | $25.14 |
| − OpEx | −$14.1k | −$6.29 |
| NOI | $42.3k | $18.86 |
2,244 SF · lease $30.00/SF/yr · vacancy 16.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$604.4K
$528.9K – $705.2K
NOI $42,311 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$902.6K
$789.8K – $1.05M
NOI $63,184 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Claire Montang at CrossCountry ...
Loan Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building with highway frontage, reception space, multiple private offices, and on-site parking.
Where is this office building located?
The property is located at 88101 Old Highway Plantation Key, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Mixed‑use highway commercial zoning in Islamorada allows for flexible usage and income potential.; Two‑story building offers both owner‑occupied office space and rental income opportunities.; High visibility with 50 feet of frontage on the Overseas Highway.
