Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10045 Overseas Hwy Marathon, FL 33050

    Sponsored
    For Lease
    $7 SF/Yr ($8,400 /Mo)

    14,000 SF Office Building, Multiple Suites Available

    Lot size:
    14,000 SF

    Property Features for 10045 Overseas Hwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,000 SF
    TSF (Total sq. ft)
    10,288-10,288 SF
    Class
    A
    Elevators
    N/A
    Total Rate
    8400

    Amenities

    Building Details

    Year Built/Renovated
    1991/2023
    Buildings
    1
    Stories
    2

    Overview

    Renovated Office Building in Marathon

    This Class A office building, located in Marathon, Florida, offers a variety of spaces suitable for traditional, executive, or medical office uses. The single-story building contains twelve suites, ranging from 1,000 square feet to a maximum contiguous space of 5,000 square feet. Renovated in 2023, the property features new hurricane-resistant doors and windows throughout. A modern security camera system is in place, and ample parking is available with 59 spaces. The building also features a handicap-accessible elevator and new electrical meters. The property has high visibility on US-1 with a 10x10 foot illuminated sign. Situated on a 49,651 square foot lot, the building is zoned for mixed use. Built in 1982, this 14,000 square foot office building is located at 10045 Overseas Hwy.

    We can help!

    Listing Contact
    Greg Dully

    Learn more

    HighLights

    • 14,000 SF Class A office building in Marathon, FL (33050), located at 10045 Overseas Hwy.
    • Twelve suites ranging from 1,000 to 5,000 contiguous SF.
    • Completely renovated in 2023 with new hurricane‑resistant doors and windows, modern security system, and ample parking (59 spaces).
    • High visibility on US‑1 with a 10x10' illuminated sign.
    • Features a handicap‑accessible elevator, new electrical meters, and a new roof.
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Marathon
    State
    Florida
    Longitude
    -81.0564373
    Latitude
    24.7224261

    Nearby Comparable

    • $1.87 SF/Yr

      KEY VACA CENTER

      Office / Retail / Medical Offices - 3 spaces available | 1,000 SqFt - 4,020 SqFt
      10095 Overseas Hwy, Marathon, FL 33050
      View Details
    • $1.31 SF/Yr
      22,069 SF

      Marathon Retail Space - Hwy 1 Overseas

      Prime Marathon location, 22,069 sq ft retail space
      11400 Overseas Hwy, Marathon, FL 33050
      View Details
    • $14,000 /Mo

      Luxury Waterfront Home in Marathon

      New luxury home with direct ocean access in Marathon, FL.
      112 Avenue, Marathon, FL 33050
      View Details
    • Contact for pricing
      120,524 SF

      Tavernier Medical Office Space

      Florida Keys Medical Office Suites Available
      91200 Overseas Hwy, Tavernier, FL 33070
      View Details
    • $2,800 /Mo

      Renovated Tavernier Home For Rent

      Renovated 2-bedroom, 1-bath home in the heart of Tavernier.
      184 Casa Ct Dr, Tavernier, FL 33070
      View Details
    • $2,800 /Mo

      Renovated 2 Bedroom Home

      Renovated 2 bedroom, 1 bath home in Key Largo.
      187 Casa Ct Dr, Tavernier, FL 33070
      View Details
    • $38 SF/Yr
      1,300 SF

      Tavernier Retail Space For Lease

      Prime Tavernier location, 1300 sq ft retail space.
      91865 Overseas Hwy, Tavernier, FL 33070
      View Details
    • Contact for pricing
      2,400 SF

      Dominant Retail Center in Tavernier

      Retail and entertainment center in the upper Florida Keys.
      91200-91298 Overseas Hwy, Tavernier, FL
      View Details
    • $30 SF/Yr
      32,796 SF

      Rockland Key Distribution Center

      Modern Flex Warehouse Space Available
      117 Overseas Hwy, Key West, FL 33040
      View Details
    • $25 SF/Yr

      Florida City Retail Space Available

      Retail, restaurant, and medical spaces for lease near growing communities.
      Florida City, FL 33034
      View Details
    • $35,000
      3 SF

      Prime Retail Outparcels For Lease

      High-visibility commercial land in Homestead, near major retailers.
      6th St & S US-1, Homestead, FL 33034
      View Details
    • $3,600 /Mo

      Renovated Apartment with Ocean Views

      Renovated 2-bedroom apartment with ocean views in Key Largo.
      188 Atlantic Blvd, Key Largo, FL 33037
      View Details

    Nearby Similar for Lease

    • $1.31 SF/Yr
      22,069 SF

      Marathon Retail Space - Hwy 1 Overseas

      Prime Marathon location, 22,069 sq ft retail space
      11400 Overseas Hwy, Marathon, FL 33050
      View Details
    • $14,000 /Mo

      Luxury Waterfront Home in Marathon

      New luxury home with direct ocean access in Marathon, FL.
      112 Avenue, Marathon, FL 33050
      View Details
    • $1.87 SF/Yr

      KEY VACA CENTER

      Office / Retail / Medical Offices - 3 spaces available | 1,000 SqFt - 4,020 SqFt
      10095 Overseas Hwy, Marathon, FL 33050
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - 14,000 SF Office Building, Multiple Suites Available
    Where is this office property / space located?
    The property is located at 10045 Overseas Hwy Marathon, FL.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features:
    (305) 900-4232
    Request Owner's contact information
    10045 Overseas Hwy Marathon, FL 33050
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10045 Overseas Hwy
    Marathon, FL 33050
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10045 Overseas Hwy Marathon, FL 33050
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Greg Dully
    (305) 900-4232
    Learn more
    Google sign-in failed. Please try again or use another login method.