Free-Standing Mixed-Use Retail
For Sale
$1,790,000
100636 Overseas Highway, Key Largo, FL 33037
Ground-floor storefront with office and storage, plus an upstairs 3BD/3BA renovated apartment and parking on US-1.
Property Size4,910 SF
Days on Market97
Property Features for 100636 Overseas Highway
General Information
Standard status
Active
Size
4,910 SF
Total Parking Spaces
10
Zoning
SC - Sub Urban Commercial District
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,419
Building Details
Building Size
4,910 SF
Year Built
1974
Stories
2
Listing Agency:
Lokation Real Estate
Listed By:
Maris Delgado · License #3633235
(786) 309-6389
Source:
Laerrealty
Added: Jul 7
Changed: Oct 10
Last Checked: Oct 11 at 3:30AM
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 Lokation Real Estate
Investment Insights
Based on property information with market context.
This free-standing concrete mixed-use building includes a commercial storefront on the ground floor with office and storage space. The property also features a fully renovated upstairs residential unit with 3 bedrooms and 3 bathrooms, making it suitable for an owner-operator, staff housing, or rental use. Exterior and durability features include impact windows and shutters, and the structure is described as approximately 15 feet above sea level. Additional amenities include a rooftop area, patio, and private yard space, supporting both commercial and residential living needs.
The building is positioned directly on US-1 and described as a high-visibility site with strong signage, exposure, and customer access for local and tourist traffic. On-site parking is noted as 5 spaces, along with 5 additional rented spaces. A long-term business currently operates on the first floor, and information about an optional business purchase is available separately.
For tenants, buyers, or operators seeking a combined commercial and residential setup, the ground-floor storefront layout with office and storage can support a range of retail and service concepts, while the renovated second-floor apartment provides immediate on-site living or income potential. The property is also described as having flexible zoning, supporting multiple operating strategies depending on buyer requirements.
The building is positioned directly on US-1 and described as a high-visibility site with strong signage, exposure, and customer access for local and tourist traffic. On-site parking is noted as 5 spaces, along with 5 additional rented spaces. A long-term business currently operates on the first floor, and information about an optional business purchase is available separately.
For tenants, buyers, or operators seeking a combined commercial and residential setup, the ground-floor storefront layout with office and storage can support a range of retail and service concepts, while the renovated second-floor apartment provides immediate on-site living or income potential. The property is also described as having flexible zoning, supporting multiple operating strategies depending on buyer requirements.
Key Highlights
- Free‑standing concrete mixed‑use building built in 1974 directly on US‑1
- Ground‑floor commercial storefront with office and storage plus long‑term business currently operating
- Upstairs fully renovated 3BD/3BA residential apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,192
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,523,840
$1.5M
Cap Rate 7%
$1,088,457
$1.1M
Cap Rate 9%
$846,578
$846.6K
Market Conditions
NOI Build-Up for 4,910 SF
Gross rent
$148.5K $30.24/SF
− Vacancy
−$9.9K −$2.03/SF
EGI
$138.5K $28.21/SF
− OpEx
−$62.3K −$12.70/SF
NOI
$76.2K $15.52/SF
Area
Monroe County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,523,840
Cap Rate 7%
$1,088,457
Cap Rate 9%
$846,578
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$952.4K – $1.27M
NOI $76,192 @ 7.0% cap · market cap 4.26%
Second Best
Retail
$951.3K
$832.4K – $1.11M
NOI $66,593 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,250 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
40k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 37%
McDonald's
Dining
19,285 visits/mo
0.4 miles
Dollar Tree
Shops & Services
14,166 visits/mo
0.4 miles
Waffle House
Dining
5,802 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
856 visits/mo
0.4 miles
Demographics for 33037, FL
13,875
Population
10,494
Households
1.3
Avg Household Size
53
Median Age
41%
College-Educated
95%
High-School Grad
32.9 sq mi
ZIP Area
422
Density / Sq Mi
$80,911
Median Household Income
$40,641
Median Earnings
$1,896
Median Rent
$660,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor storefront with office and storage, plus an upstairs 3BD/3BA renovated apartment and parking on US-1.
Where is this storefront property located?
The property is located at 100636 Overseas Highway Key Largo, FL.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Free‑standing concrete mixed‑use building built in 1974 directly on US‑1; Ground‑floor commercial storefront with office and storage plus long‑term business currently operating; Upstairs fully renovated 3BD/3BA residential apartment
