Sherwin Williams NNN Retail
For Sale
$1,795,000
10501 Overseas Hwy, Marathon, FL 33050
Occupied by Sherwin Williams with landlord responsibility limited to the roof, structure, and foundation.
Property Size4,500 SF
Days on Market177
Property Features for 10501 Overseas Hwy
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
±4 YRS
Net Operating Income
$107,700
Site & Location
Traffic Count
24,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
4,500 SF
Year Built
2000
Tenancy
Single
Listing Agency:
Matthews Real Estate Investment Services | Dallas
Listed By:
Kevin McKenna · License #742093 (TX)
(214) 295-6517
Source:
Matthews
Added: Apr 24
Changed: Oct 14
Last Checked: Oct 16 at 5:39AM
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 Matthews Real Estate Investment Services | Dallas
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.
This 4,500-square-foot retail property at 10501 Overseas Hwy in Marathon, Florida, was built in 1979 and is occupied by Sherwin Williams. The tenant has operated from the store for more than 21 years, while the lease limits landlord obligations to the roof, structure, and foundation. Corporately approved exterior repairs are scheduled for the end of Q1 through the beginning of Q2 2026.
The property sits directly off Overseas Highway, the primary road through the Florida Keys, with visibility to approximately 24,000 vehicles daily. The next closest Sherwin Williams locations are more than 40 miles away in Key Largo and Key West. Monroe County’s Rate of Growth Ordinance, or ROGO, restricts new permanent construction and limits additional supply in the market.
The property sits directly off Overseas Highway, the primary road through the Florida Keys, with visibility to approximately 24,000 vehicles daily. The next closest Sherwin Williams locations are more than 40 miles away in Key Largo and Key West. Monroe County’s Rate of Growth Ordinance, or ROGO, restricts new permanent construction and limits additional supply in the market.
Key Highlights
- 4,500‑square‑foot retail property at 10501 Overseas Hwy in Marathon, FL 33050
- Sherwin Williams has operated at the location for over 21 years
- Lease assigns landlord responsibility to the roof, structure, and foundation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,032
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,220,640
$1.2M
Cap Rate 7%
$871,886
$871.9K
Cap Rate 9%
$678,133
$678.1K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$97.2K $21.60/SF
− Vacancy
−$10.0K −$2.22/SF
EGI
$87.2K $19.38/SF
− OpEx
−$26.2K −$5.81/SF
NOI
$61.0K $13.56/SF
Area
Monroe County, FL
Vacancy
10.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,220,640
Cap Rate 7%
$871,886
Cap Rate 9%
$678,133
Alternative Uses
Best Use
Retail
$871.9K
$762.9K – $1.02M
NOI $61,032 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,706 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
24,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
547
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Occupied by Sherwin Williams with landlord responsibility limited to the roof, structure, and foundation.
Where is this nnn property located?
The property is located at 10501 Overseas Hwy Marathon, FL.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 4,500‑square‑foot retail property at 10501 Overseas Hwy in Marathon, FL 33050; Sherwin Williams has operated at the location for over 21 years; Lease assigns landlord responsibility to the roof, structure, and foundation
