Key Largo Commercial Property For
91760 Overseas Highway Key Largo, FL 33070
For Sale
Under Contract
$1,469,000
COMMERCIAL - Key Largo, FL
Property Size2,562 SF
Lot Size0.16 Acres
Price / SF$573.38
Days on Market343
Property Features for 91760 Overseas Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
SC - Sub Urban Commercial
Appliances
No Appliances
Standard status
Active Under Contract
APN
00090160-000100
Size
2,562 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
34 62 38 ISLAND OF KEY LARGO PB1-64 PT LOT 21 & PT OF TR B PB2-128 (.16 AC)
Tax Annual Amount
10646
Building Details
Year built
1987
Building materials
CBS, Combo Construction
Listing Agency:
Coldwell Banker Schmitt Key Largo
(305) 451-4422
Listed By:
Yvette Doherty · License #3281170
(786) 236-8158
Added: Aug 19, 2025
Changed: Jul 7
Last Checked: Jul 27 at 9:06AM
MLS# 616198
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.
Located in the center of Tavernier's business district, this commercial property offers US1 visibility and street-to-street access from Tavernier Street to the Overseas Highway (US-1). The high-traffic location is minutes from Mariners Hospital, making it suitable for medical, dental, or professional office use. The ground floor is ideal for seeing patients, while the second floor is suited for administrative offices. The property is located in a no-flood X zone and has been upgraded with impact-resistant windows and doors, island-style exterior enhancements, and mezzanine-level storage. Currently configured as a shared office space with the availability of nine tenants on month-to-month leases, this property operates under a ''We Share Office'' model, offering short-term, flexible rentals. The property is an income-producing asset with minimal vacancy risk and future growth potential. The lot size is 0.16 acres and the property size is 2562 square feet.
Key Highlights
- Prime US‑1 Frontage in Tavernier's Business District with High Traffic Visibility
- Street‑to‑Street Access from Tavernier Street to US‑1
- Ideal for Medical/Dental/Professional Office Use; Minutes from Mariners Hospital
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 | $76.9k | $30.00 |
| − Vacancy | −$12.5k | −$4.86 |
| EGI | $64.4k | $25.14 |
| − OpEx | −$16.1k | −$6.29 |
| NOI | $48.3k | $18.86 |
2,562 SF · lease $30.00/SF/yr · vacancy 16.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$690.1K
$603.8K – $805.1K
NOI $48,307 @ 7.0% cap · market cap 3.29%
Second Best
Healthcare Medical
$496.9K
$434.8K – $579.8K
NOI $34,786 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$1.03M
$901.7K – $1.20M
NOI $72,138 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Prime commercial property with US-1 frontage in the heart of Tavernier.
Where is this office building located?
The property is located at 91760 Overseas Highway Key Largo, FL.
What is the asking price?
The asking price for this property is $1,469,000.
What are key features of this property?
This property features: Prime US‑1 Frontage in Tavernier's Business District with High Traffic Visibility; Street‑to‑Street Access from Tavernier Street to US‑1; Ideal for Medical/Dental/Professional Office Use; Minutes from Mariners Hospital
