Corner Office/Retail Building with
11401 Overseas Highway Marathon, FL 33050
11401 Overseas Highway, Marathon, FL, 33050
$1,533,333
For Sale
$1,533,333
CBS building with double drive-thru, upstairs open patio, and air-conditioned space on a visible corner lot.
Property Size3,429 SF
Lot Size0.34 Acres
Price / SF$447.17
Days on Market124
Property Features for 11401 Overseas Highway
General Information
- Standard status
- Active
- Size
- 3,429 SF
- Lot size
- 0.34 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1983
Listing agency
Ocean Sotheby's International Realty
(305) 393-0585
Listed by
Sabrina Wampler Sarah Ewald
(305) 393-0585
Source
Xome
Added: Mar 21 Updated: Jul 21 at 11:04PM Checked: Jul 21 at 11:04PM
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 Ocean Sotheby's International Realty
Investment Insights
Based on property information with market context.
This oversized CBS commercial building offers air-conditioned space plus a double drive-thru and an open patio upstairs. The property is positioned as a flexible office or retail-use asset under commercial zoning.
Located at 11401 Overseas Highway in Marathon, FL 33050, the building benefits from direct highway exposure on a very visible corner lot. The site includes ample parking for customers and employees.
Located at 11401 Overseas Highway in Marathon, FL 33050, the building benefits from direct highway exposure on a very visible corner lot. The site includes ample parking for customers and employees.
Key Highlights
- 3,429 SF air‑conditioned CBS building built in 1983
- Double drive‑thru plus open patio upstairs
- Commercial zoning allows for many office or retail uses
Local 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 | $102.9k | $30.00 |
| − Vacancy | −$16.7k | −$4.86 |
| EGI | $86.2k | $25.14 |
| − OpEx | −$21.6k | −$6.29 |
| NOI | $64.7k | $18.86 |
3,429 SF · lease $30.00/SF/yr · vacancy 16.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$923.6K
$808.2K – $1.08M
NOI $64,654 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$664.4K
$581.3K – $775.1K
NOI $46,506 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,550 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
First Horizon Bank
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - CBS building with double drive-thru, upstairs open patio, and air-conditioned space on a visible corner lot.
Where is this office building located?
The property is located at 11401 Overseas Highway Marathon, FL.
What is the asking price?
The asking price for this property is $1,533,333.
What are key features of this property?
This property features: 3,429 SF air‑conditioned CBS building built in 1983; Double drive‑thru plus open patio upstairs; Commercial zoning allows for many office or retail uses
