Frontage Professional Office
For Sale
$395,000
1-5701 Overseas Hwy, Marathon, FL 33050
Reception, three private offices, kitchen area, and half bath support a flexible professional layout.
Property Size1,128 SF
Price / SF$350.18
Days on Market217
Property Features for 1-5701 Overseas Hwy
General Information
Standard status
Active
Size
1,128 SF
Additional Details
Highway Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$2,643
Building Details
Tenancy
Multi
Listing Agency:
Coldwell Banker Schmitt Real Estate Co.
(305) 743-5181
Listed By:
Amy Puto · License #3012615
(305) 766-1745
Source:
Exprealty
Added: Apr 1
Changed: Oct 28
Last Checked: Nov 1 at 6:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmitt Real Estate Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 1 is an office property within First Professional Centre, a 17-unit complex with direct frontage on Overseas Highway. The interior includes a reception area with built-in desk, three private offices, a kitchen area, and a half bath. Windows surround the space, bringing natural light throughout the suite.
The property is currently occupied and is scheduled for vacant delivery as of July 1st. Its configuration is suited to professional users, including medical, legal, accounting, and similar office practices.
The property is currently occupied and is scheduled for vacant delivery as of July 1st. Its configuration is suited to professional users, including medical, legal, accounting, and similar office practices.
Key Highlights
- Direct Overseas Highway frontage within First Professional Centre
- Located in a 17‑unit professional office complex
- Three private offices plus a dedicated reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,268
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,360
$425.4K
Cap Rate 7%
$303,829
$303.8K
Cap Rate 9%
$236,311
$236.3K
Market Conditions
NOI Build-Up for 1,128 SF
Gross rent
$33.8K $30.00/SF
− Vacancy
−$5.5K −$4.86/SF
EGI
$28.4K $25.14/SF
− OpEx
−$7.1K −$6.29/SF
NOI
$21.3K $18.86/SF
Area
Monroe County, FL
Vacancy
16.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,360
Cap Rate 7%
$303,829
Cap Rate 9%
$236,311
Alternative Uses
Best Use
Office B
$303.8K
$265.9K – $354.5K
NOI $21,268 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$453.7K
$397.0K – $529.4K
NOI $31,761 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 33050, FL
10,479
Population
7,314
Households
1.4
Avg Household Size
50
Median Age
34%
College-Educated
90%
High-School Grad
9.1 sq mi
ZIP Area
1,152
Density / Sq Mi
$83,243
Median Household Income
$40,006
Median Earnings
$1,611
Median Rent
$705,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Reception, three private offices, kitchen area, and half bath support a flexible professional layout.
Where is this office unit located?
The property is located at 1-5701 Overseas Hwy Marathon, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Direct Overseas Highway frontage within First Professional Centre; Located in a 17‑unit professional office complex; Three private offices plus a dedicated reception area
